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

Genesee Capital Advisors LLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.8% during the fourth quarter, Holdings Channel reports. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. grew its position in shares of Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after buying an additional 88 shares during the period. KBC Group NV grew its position in shares of Simpson Manufacturing by 54.7% in the 4th quarter. KBC Group NV now owns 1,866 shares of the construction company’s stock worth $309,000 after buying an additional 660 shares during the period. Marshall Financial Group LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $903,000. Cerro Pacific Wealth Advisors LLC purchased a new stake in Simpson Manufacturing during the 4th quarter valued at about $182,000. Finally, Inspire Investing LLC increased its stake in Simpson Manufacturing by 10.5% during the 4th quarter. Inspire Investing LLC now owns 2,692 shares of the construction company’s stock valued at $446,000 after purchasing an additional 255 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Performance

SSD opened at $166.89 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 22.05 and a beta of 1.35. The company’s 50 day moving average is $173.73 and its 200 day moving average is $179.88. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction that occurred 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 sale, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company 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.