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 stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 0.92% of Simpson Manufacturing worth $64,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Park Place Capital Corp bought a new position in Simpson Manufacturing during the 4th quarter worth $29,000. World Investment Advisors LLC bought a new position in shares of Simpson Manufacturing during the third quarter worth about $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $30,000. UMB Bank n.a. lifted its position in Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSD has been the topic of several analyst reports. 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 note on Tuesday, February 11th. DA Davidson cut their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the business'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 sale, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

SSD traded up $3.00 on Friday, reaching $156.83. The company had a trading volume of 134,803 shares, compared to its average volume of 272,539. The company has a market capitalization of $6.58 billion, a P/E ratio of 20.63 and a beta of 1.34. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $154.61 and a 200-day moving average of $167.82. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82.

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

Simpson Manufacturing 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.