Yousif Capital Management LLC Sells 686 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Yousif Capital Management LLC trimmed its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,932 shares of the construction company’s stock after selling 686 shares during the period. Yousif Capital Management LLC’s holdings in Simpson Manufacturing were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing in the 4th quarter worth approximately $29,000. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $30,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in Simpson Manufacturing during the third quarter valued at approximately $34,000. Finally, UMB Bank n.a. raised 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 worth $34,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Simpson Manufacturing

In other 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $165.42 on Monday. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $170.62 and a 200 day moving average of $179.02. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 21.85 and a beta of 1.35.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing’s payout ratio is 14.80%.

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.