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Simpson Manufacturing's Subsidiary Acquires CG Visions

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Simpson Manufacturing Co., Inc.’s (SSD - Free Report) subsidiary Simpson Strong-Tie has acquired CG Visions, Inc. that provides BIM (Building Information Modeling) technology, services and consultation to the residential building industry. The acquisition will aid Simpson Strong-Tie offer scalable and flexible BIM software solutions that will enable builders control costs and increase efficiency throughout every stage of the home building process.

Simpson Strong-Tie is an industry leader in engineered structural connectors and building solutions. Through the acquisition, it will strengthen its partnerships with top builders across the U.S.

Simpson Manufacturing Company, Inc. Price
 

Simpson Manufacturing Company, Inc. Price | Simpson Manufacturing Company, Inc. Quote

Simpson Manufacturing has a strong cash position and continues to look for growth opportunities in the building products range where the company can leverage its expertise in engineering, testing, manufacturing and distribution to invest in and grow its business. Those opportunities include internal improvements or acquisitions that are in sync with the company’s strategic growth plan.

In the past one year, Simpson Manufacturing has outpaced the Zacks Categorized Building and Construction Products – Miscellaneous sub industry. The stock has gained 9.9%, while the industry has witnessed a gain of 7.9% in the same time period.



Simpson Manufacturing currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the sector are Gibraltar Industries, Inc. (ROCK - Free Report) , Argan, Inc. (AGX - Free Report) and GCP Applied Technologies Inc. .

Gibraltar Industries, Inc. (ROCK - Free Report) , which sports a Zacks Rank #1 (Strong Buy), has an average positive earnings surprise of 67.30% in the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.

Argan and GCP Applied Technologies, both Zacks Rank #1 stocks, have delivered average positive earnings surprise of 25.06% and 18%, respectively.

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