Genesee Capital Advisors LLC Trims Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Genesee Capital Advisors LLC cut its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,919 shares of the construction company’s stock after selling 546 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Simpson Manufacturing were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its position in Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after purchasing an additional 333,390 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in Simpson Manufacturing by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock valued at $271,972,000 after purchasing an additional 24,253 shares during the last quarter. State Street Corp lifted its position in Simpson Manufacturing by 1.7% during the third quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after purchasing an additional 20,404 shares during the last quarter. Geode Capital Management LLC lifted its position in Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after purchasing an additional 7,351 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after purchasing an additional 6,585 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Trading Down 0.5 %

Shares of SSD opened at $166.89 on Wednesday. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 22.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a fifty-two week low of $155.73 and a fifty-two week high of $218.38. The firm has a 50 day moving average price of $173.73 and a 200-day moving average price of $179.88.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.