After Reaching 52-Week High, Is Simpson Manufacturing Co., Inc. (SSD)’s Near-Term Analysis Positive?

June 13, 2018 - By Hazel Jackson

Simpson Manufacturing Co., Inc. (NYSE:SSD) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.41, from 1.52 in 2017Q4. It dived, as 21 investors sold Simpson Manufacturing Co., Inc. shares while 53 reduced holdings. 22 funds opened positions while 60 raised stakes. 38.82 million shares or 4.35% less from 40.58 million shares in 2017Q4 were reported.
American Int Grp Incorporated invested in 26,360 shares or 0.01% of the stock. Robeco Institutional Asset Bv accumulated 8,171 shares. Snyder Management Lp holds 1.77% of its portfolio in Simpson Manufacturing Co., Inc. (NYSE:SSD) for 623,386 shares. Us Retail Bank De holds 16,501 shares or 0% of its portfolio. Sumitomo Mitsui Asset Limited invested in 24,720 shares. State Street Corporation invested in 0.01% or 1.08 million shares. Seabridge Inv Lc invested in 159,385 shares or 2.06% of the stock. Beaconlight Limited Liability Corporation reported 303,945 shares. Prentiss Smith And Inc stated it has 17,860 shares. 81,052 were reported by Los Angeles Capital Mngmt And Equity. State Farm Mutual Automobile Ins holds 181,873 shares. Geode Capital Mngmt Lc accumulated 360,397 shares. Mason Street Advsrs Lc, Wisconsin-based fund reported 11,526 shares. Bnp Paribas Arbitrage Sa has invested 0% in Simpson Manufacturing Co., Inc. (NYSE:SSD). Clifford Swan Inv Counsel Llc reported 23,506 shares.

Since December 13, 2017, it had 0 insider buys, and 18 selling transactions for $89.75 million activity. 253,749 Simpson Manufacturing Co., Inc. (NYSE:SSD) shares with value of $14.63 million were sold by SIMPSON PSB FUND.

The stock of Simpson Manufacturing Co., Inc. (NYSE:SSD) hit a new 52-week high and has $69.64 target or 5.00 % above today’s $66.32 share price. The 5 months bullish chart indicates low risk for the $3.07B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $69.64 price target is reached, the company will be worth $153.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.31% or $0.88 during the last trading session, reaching $66.32. About 237,490 shares traded or 16.31% up from the average. Simpson Manufacturing Co., Inc. (NYSE:SSD) has risen 56.06% since June 13, 2017 and is uptrending. It has outperformed by 43.49% the S&P500.

Analysts await Simpson Manufacturing Co., Inc. (NYSE:SSD) to report earnings on July, 26. They expect $0.75 EPS, up 27.12 % or $0.16 from last year’s $0.59 per share. SSD’s profit will be $34.74 million for 22.11 P/E if the $0.75 EPS becomes a reality. After $0.54 actual EPS reported by Simpson Manufacturing Co., Inc. for the previous quarter, Wall Street now forecasts 38.89 % EPS growth.

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, makes, and sells building construction products. The company has market cap of $3.07 billion. The firm offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications. It has a 33.18 P/E ratio. It also provides connectors for wood framing and cold formed steel applications; screws, tools, and products for deck, fascia, and drywall applications; mechanical anchors and epoxy adhesives; fiber reinforced cementitious mortar products; and decorative hardware and connectors for outdoor living spaces.

Simpson Manufacturing Co., Inc. (NYSE:SSD) Institutional Positions Chart

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