Choreo LLC Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Choreo LLC reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,453 shares of the construction company’s stock after selling 290 shares during the period. Choreo LLC’s holdings in Simpson Manufacturing were worth $7,206,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Champlain Investment Partners LLC bought a new stake in shares of Simpson Manufacturing in the third quarter valued at approximately $16,060,000. Diversified Trust Co bought a new stake in Simpson Manufacturing during the 4th quarter valued at $591,000. US Bancorp DE lifted its position in shares of Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after acquiring an additional 352 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Simpson Manufacturing by 8,883.3% during the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after acquiring an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Simpson Manufacturing by 1.4% in 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 in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $167.65 on Thursday. The company has a 50 day moving average of $171.46 and a 200 day moving average of $179.20. 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 stock has a market cap of $7.07 billion, a P/E ratio of 22.15 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38.

Simpson Manufacturing Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents 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 the SEC website. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

About Simpson Manufacturing

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.