T. Rowe Price Investment Management Inc. Grows Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

T. Rowe Price Investment Management Inc. raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 60.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 186,851 shares of the construction company's stock after buying an additional 70,625 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.44% of Simpson Manufacturing worth $30,986,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its holdings in shares of Simpson Manufacturing by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 11,743 shares of the construction company's stock worth $1,947,000 after buying an additional 3,514 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $885,000. Hsbc Holdings PLC acquired a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $4,602,000. Stifel Financial Corp grew its stake in shares of Simpson Manufacturing by 0.5% in the fourth quarter. Stifel Financial Corp now owns 87,140 shares of the construction company's stock valued at $14,451,000 after buying an additional 402 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in 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 buying an additional 1,195 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company's stock.

Simpson Manufacturing Price Performance

NYSE:SSD traded up $3.36 during trading hours on Friday, reaching $157.19. 32,844 shares of the company were exchanged, compared to its average volume of 272,149. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The business has a 50 day moving average of $154.89 and a 200 day moving average of $168.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a market capitalization of $6.60 billion, a P/E ratio of 20.73 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The business 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 was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. Research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Analyst Ratings Changes

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

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.