Ohio Strs Investing Big in Simpson Manufacturing Co., with $258,000 Stock Position

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Ohio Strs has recently invested a hefty $258,000 in Simpson Manufacturing ($NYSE:SSD) Co., Inc., an industrial manufacturer of a variety of products that are used in various industries. Simpson Manufacturing Co., Inc. is a publicly traded company on the New York Stock Exchange and is headquartered in Cincinnati, Ohio. Their products are found in a variety of industries, ranging from construction to automotive to aerospace. Simpson Manufacturing Co., Inc. has a wide range of product offerings, including valves, pumps, motors, and other related parts. The company has been on a steady upward trajectory since its founding, with revenues increasing year after year. In the past few years, Simpson Manufacturing Co., Inc. has focused heavily on expanding their presence globally, and they have been successful in doing so. Ohio Strs’ investment in Simpson Manufacturing Co., Inc. is seen as a major vote of confidence for the company. By investing such a large sum in the company, Ohio Strs is signaling that they believe the stock has potential for growth.

Additionally, the investment shows that Ohio Strs has faith that the company will continue to be successful in the future. With Ohio Strs’ significant investment of $258,000, it is clear that they too have faith in the company’s longevity and future potential.

Stock Price

On Monday, Simpson Manufacturing Co., Inc. saw a surge in their stock prices with an opening price of $99.1 and closing at $101.2, representing a 1.8% increase from the prior closing price of 99.4. Ohio Strs, a major Ohio-based institutional investor, took notice and invested a substantial $258,000 into the company’s stock position. This news comes as a great sign of confidence in the stock of Simpson Manufacturing Co., Inc., as Ohio Strs has been known to make wise investments with their sizeable portfolio of investments.

This news is sure to bring plenty of attention to Simpson Manufacturing Co., Inc., and could potentially lead to more investments from other institutional investors. Overall, this news is a huge win for Simpson Manufacturing Co., Inc., as it shows that major investors are taking notice of the company’s potential and are willing to put their money behind it. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Simpson Manufacturing. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Simpson Manufacturing. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Simpson Manufacturing. More…

Key Ratios Snapshot

Some of the financial key ratios for Simpson Manufacturing are shown below. More…

VI Analysis

SIMPSON MANUFACTURING‘s fundamentals can be analyzed in a simple, straightforward manner with the VI App. According to the VI Risk Rating, SIMPSON MANUFACTURING is a low risk investment with regards to both financial and business aspects. However, the VI App has detected one risk warning in the balance sheet. To access this warning, users have to become a registered user. The VI App uses detailed data from various sources to generate insights into a company’s risk profile and long term potential. This helps investors make informed decisions when selecting stocks for their portfolio. It also provides an overview of the company’s financials, helping investors understand the company better. The VI App is a great tool for investors to understand a company’s fundamentals and assess its long-term potential quickly and easily. By utilizing its extensive data collection and analysis capabilities, users can gain valuable insights into a company that would otherwise be difficult or time-consuming to acquire. Additionally, the app can help investors determine if a company is a good fit for their portfolio by providing detailed reports on its financials, risk warnings, and other key metrics. More…

VI Peers

Simpson Manufacturing Co Inc is one of the largest manufacturers of building materials in the United States. The company’s products are used in residential and commercial construction, as well as in industrial and infrastructure applications. Simpson has a diversified product portfolio that includes wood products, steel products, and concrete products. The company’s products are sold through a network of distributors and retailers. Simpson Manufacturing Co Inc has a strong market position in the United States, with a market share of approximately 15%. Simpson’s main competitors are Sankyo Tateyama Inc, Korporacja Budowlana Dom SA, and Licogi 16 JSC. These companies are all large manufacturers of building materials with a strong presence in the United States.

– Sankyo Tateyama Inc ($TSE:5932)

Sankyo Tateyama Inc is a Japanese company that manufactures and sells pharmaceuticals and medical devices. The company has a market capitalization of 16.87 billion as of 2022 and a return on equity of 0.94%. Sankyo Tateyama is a leading manufacturer of prescription drugs and over-the-counter drugs in Japan. The company also manufactures and sells medical devices, including blood pressure monitors, blood glucose monitors, and blood pressure cuffs.

– Korporacja Budowlana Dom SA ($LTS:0LZA)

Korporacja Budowlana Dom SA is a construction company that operates in Poland. The company focuses on the construction of residential, commercial, and industrial buildings. As of 2022, the company has a market cap of 2.65M and a ROE of 4.11%.

Summary

Simpson Manufacturing Co., Inc. has recently seen a large investment from Ohio Strs, with the investment firm purchasing $258,000 in stock. This investment was likely made due to the company’s impressive financials and potential for future growth. Simpson Manufacturing has reported strong revenue and earnings growth in recent years, and its balance sheet is healthy with low debt levels.

The company also has a strong cash position and pays out a modest dividend. It is expected that this new investment from Ohio Strs will help the company continue to grow and develop as a leading manufacturer.