Moody Aldrich Partners LLC Cuts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Moody Aldrich Partners LLC lessened its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,051 shares of the construction company’s stock after selling 788 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Simpson Manufacturing were worth $4,320,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after acquiring an additional 333,390 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of 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 worth $271,972,000 after buying an additional 24,253 shares in the last quarter. State Street Corp boosted its position in shares of Simpson Manufacturing by 1.7% in the third quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock worth $240,392,000 after acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after acquiring an additional 7,351 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $93,171,000 after acquiring an additional 6,585 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the business’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 transaction, the executive vice president now directly 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 SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Price Performance

SSD opened at $166.89 on Wednesday. The stock has a market capitalization of $7.04 billion, a PE 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 1 year low of $155.73 and a 1 year high of $218.38. The company’s 50 day simple moving average is $173.73 and its 200 day simple moving average is $179.88.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research 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.