Brown Advisory Inc. Has $27.91 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Brown Advisory Inc. increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4,755.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 168,302 shares of the construction company's stock after buying an additional 164,836 shares during the quarter. Brown Advisory Inc. owned about 0.40% of Simpson Manufacturing worth $27,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSD. Norges Bank bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $73,758,000. Riverbridge Partners LLC purchased a new position in Simpson Manufacturing during the fourth quarter worth about $58,414,000. Raymond James Financial Inc. bought a new stake in Simpson Manufacturing in the 4th quarter worth about $54,644,000. Ameriprise Financial Inc. increased its stake in Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock valued at $96,405,000 after buying an additional 275,989 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in shares of Simpson Manufacturing by 300.2% in the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock worth $55,727,000 after buying an additional 252,085 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $154.72 on Tuesday. The company has a market capitalization of $6.49 billion, a P/E ratio of 20.36 and a beta of 1.34. The business has a fifty day simple moving average of $154.33 and a two-hundred day simple moving average of $167.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. DA Davidson reduced their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.