Hunter Perkins Capital Management LLC Sells 575 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Hunter Perkins Capital Management LLC trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,850 shares of the construction company’s stock after selling 575 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Simpson Manufacturing were worth $1,136,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Simpson Manufacturing by 8.7% during the 2nd quarter. Renaissance Technologies LLC now owns 13,700 shares of the construction company’s stock valued at $2,309,000 after purchasing an additional 1,100 shares in the last quarter. Bank of Montreal Can grew its position in Simpson Manufacturing by 25.8% in the 2nd quarter. Bank of Montreal Can now owns 5,282 shares of the construction company’s stock worth $903,000 after purchasing an additional 1,082 shares in the last quarter. Marshall Wace LLP purchased a new stake in Simpson Manufacturing in the 2nd quarter valued at about $1,125,000. Squarepoint Ops LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $3,062,000. Finally, Millennium Management LLC boosted its stake in shares of Simpson Manufacturing by 57.8% in the 2nd quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock worth $33,990,000 after buying an additional 73,872 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Simpson Manufacturing Stock Down 0.6 %

SSD opened at $165.83 on Monday. The company’s 50-day moving average price is $174.19 and its two-hundred day moving average price is $180.05. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 21.91 and a beta of 1.35.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.

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.