Brown Advisory Inc. Has $25.95 Million Stock Position in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Brown Advisory Inc. cut its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,209 shares of the construction company's stock after selling 3,093 shares during the period. Brown Advisory Inc. owned 0.39% of Simpson Manufacturing worth $25,951,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SSD. Jones Financial Companies Lllp boosted its holdings in shares of Simpson Manufacturing by 1,542.3% in the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock valued at $71,000 after buying an additional 401 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Simpson Manufacturing during the fourth quarter worth $3,162,000. Arizona State Retirement System lifted its stake in Simpson Manufacturing by 0.8% in the fourth quarter. Arizona State Retirement System now owns 12,237 shares of the construction company's stock valued at $2,029,000 after acquiring an additional 97 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Simpson Manufacturing by 24.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,643 shares of the construction company's stock valued at $272,000 after acquiring an additional 318 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Simpson Manufacturing by 12.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,790 shares of the construction company's stock valued at $1,789,000 after purchasing an additional 1,175 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Trading Up 2.0%

Shares of NYSE:SSD opened at $165.88 on Thursday. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17. The company has a market capitalization of $6.94 billion, a P/E ratio of 21.60 and a beta of 1.28. The company has a 50-day simple moving average of $158.07 and a 200 day simple moving average of $159.85.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The business's revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.77 earnings per share. Sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.29 dividend. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's payout ratio is currently 15.10%.

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.

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