Choreo LLC Sells 290 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Choreo LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,453 shares of the construction company’s stock after selling 290 shares during the period. Choreo LLC owned 0.10% of Simpson Manufacturing worth $7,206,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Park Place Capital Corp acquired a new position in Simpson Manufacturing during the 4th quarter worth approximately $29,000. World Investment Advisors LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter worth $30,000. R Squared Ltd acquired a new stake in Simpson Manufacturing in the 4th quarter valued at $30,000. V Square Quantitative Management LLC bought a new stake in Simpson Manufacturing during the 3rd quarter valued at $34,000. Finally, UMB Bank n.a. increased its stake in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Performance

Shares of SSD opened at $167.65 on Thursday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 22.15 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. The stock has a 50 day moving average price of $171.46 and a two-hundred day moving average price of $179.20. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is owned by insiders.

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.