The stock of Simpson Manufacturing Co, Inc. (NYSE:SSD) reached all time high today, Nov, 18 and still has $63.40 target or 36.00% above today’s $46.62 share price. This indicates more upside for the $2.28 billion company. This technical setup was reported by Barchart.com. If the $63.40 PT is reached, the company will be worth $820.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 36,010 shares traded hands. Simpson Manufacturing Co, Inc. (NYSE:SSD) has risen 21.00% since April 18, 2016 and is uptrending. It has outperformed by 16.57% the S&P500.
According to Zacks Investment Research, “SIMPSON MANUFACTURING designs,engineers and manufactures wood-to-wood, wood-to-concrete and wood-to-masonry connectors.”
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.16, from 0.84 in 2016Q1. The ratio improved, as 13 funds sold all Simpson Manufacturing Co, Inc. shares owned while 63 reduced positions. 19 funds bought stakes while 45 increased positions. They now own 38.72 million shares or 4.40% more from 37.09 million shares in 2016Q1.
Tudor Invest Corporation Et Al, a Connecticut-based fund reported 18,100 shares. Ep Wealth Advisors holds 372,520 shares or 2.37% of its portfolio. New York State Teachers Retirement Systems accumulated 0.01% or 99,735 shares. Da Davidson holds 0% of its portfolio in Simpson Manufacturing Co, Inc. (NYSE:SSD) for 1,394 shares. Teachers Retirement System Of The State Of Kentucky has 0.01% invested in the company for 13,800 shares. State Street last reported 824,430 shares in the company. Comerica Bank holds 0.01% or 41,517 shares in its portfolio. Parametric Port Associate Ltd Limited Liability Company reported 77,828 shares or 0% of all its holdings. Ubs Asset Mngmt Americas has 51,747 shares for 0% of their US portfolio. Alps Advsr has 11,555 shares for 0% of their US portfolio. Vanguard Gru reported 3.27 million shares or 0.01% of all its holdings. Arizona State Retirement System accumulated 0.01% or 21,364 shares. The New York-based Amalgamated Retail Bank has invested 0.01% in Simpson Manufacturing Co, Inc. (NYSE:SSD). Barrow Hanley Mewhinney & Strauss Ltd last reported 0.13% of its portfolio in the stock. Moreover, Ariel Invs Ltd Liability Corporation has 1.32% invested in Simpson Manufacturing Co, Inc. (NYSE:SSD) for 2.64 million shares.
Insider Transactions: Since September 14, 2016, the stock had 0 insider purchases, and 2 selling transactions for $228,161 net activity. The insider Arevalo Ricardo M sold $152,588. On Thursday, November 10 the insider Mackenzie Jeffrey Eric sold $75,573.
More recent Simpson Manufacturing Co, Inc. (NYSE:SSD) news were published by: Prnewswire.com which released: “Simpson Manufacturing Co., Inc. Announces Capital Allocation Strategy Update” on August 24, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on February 05, 2011. Finance.Yahoo.com‘s news article titled: “Simpson Manufacturing Co., Inc. Announces Third Quarter Results” with publication date: October 27, 2016 was also an interesting one.
SSD Company Profile
Simpson Manufacturing Co., Inc., incorporated on February 23, 1999, through its subsidiary, Simpson Strong-Tie Company Inc. (SST), designs, engineers and makes wood construction products, including connectors, truss plates, fastening systems, fasteners and lateral systems used in light-frame construction. The Firm also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials. The Firm operates through three divisions: North America, Europe and Asia/Pacific. The Firm makes and markets building and construction products in residential and commercial applications.
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