SeaBridge Investment Advisors LLC Decreases Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

SeaBridge Investment Advisors LLC reduced its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,929 shares of the construction company’s stock after selling 385 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $2,476,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SSD. GAMMA Investing LLC boosted its position in Simpson Manufacturing by 16.8% during the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock worth $74,000 after acquiring an additional 64 shares during the last quarter. Pacer Advisors Inc. lifted its stake in 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 purchasing an additional 88 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Simpson Manufacturing by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after purchasing an additional 94 shares during the last quarter. UMB Bank n.a. grew its position in shares of Simpson Manufacturing by 88.2% in the fourth 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. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Simpson Manufacturing by 0.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $168.17 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company has a market capitalization of $7.09 billion, a PE ratio of 22.22 and a beta of 1.35. The firm’s 50-day moving average is $172.93 and its two-hundred day moving average is $179.62. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38.

Analysts Set New Price Targets

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

Insider Activity

In related news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was 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 of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

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.