Price T Rowe Associates Inc. MD Has $64.09 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Price T Rowe Associates Inc. MD cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 386,443 shares of the construction company’s stock after selling 4,197 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.92% of Simpson Manufacturing worth $64,085,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SSD. Dark Forest Capital Management LP bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $885,000. Hsbc Holdings PLC bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $4,602,000. Stifel Financial Corp lifted its position in shares of Simpson Manufacturing by 0.5% during the fourth quarter. Stifel Financial Corp now owns 87,140 shares of the construction company’s stock valued at $14,451,000 after purchasing an additional 402 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Simpson Manufacturing by 13.8% during the fourth quarter. OneDigital Investment Advisors LLC now owns 9,884 shares of the construction company’s stock valued at $1,639,000 after purchasing an additional 1,195 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Simpson Manufacturing by 64.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 437 shares of the construction company’s stock valued at $72,000 after purchasing an additional 171 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SSD shares. DA Davidson dropped their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird dropped their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $153.90 on Tuesday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 20.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The firm’s 50-day simple moving average is $155.81 and its two-hundred day simple moving average is $168.87.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. Simpson Manufacturing’s payout ratio is 14.74%.

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.