Price T Rowe Associates Inc. MD Raises Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Price T Rowe Associates Inc. MD grew its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 378,313 shares of the construction company’s stock after acquiring an additional 4,195 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Simpson Manufacturing were worth $77,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSD. Xponance Inc. increased its holdings in Simpson Manufacturing by 1.1% during the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after acquiring an additional 67 shares during the period. Jennison Associates LLC increased its holdings in shares of Simpson Manufacturing by 1.8% in the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after purchasing an additional 90 shares during the period. Private Advisor Group LLC raised its position in shares of Simpson Manufacturing by 4.3% in the first quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock worth $451,000 after buying an additional 91 shares in the last quarter. CWM LLC boosted its stake in Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the period. Finally, Cerity Partners LLC grew its position in Simpson Manufacturing by 1.5% during the fourth quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock worth $1,517,000 after buying an additional 112 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Simpson Manufacturing

In related news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the sale, the executive vice president now directly owns 5,033 shares in the company, valued at approximately $861,347.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares in the company, valued at $861,347.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the transaction, the executive vice president now owns 26,764 shares in the company, valued at approximately $4,687,179.32. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on SSD shares. Robert W. Baird raised their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

Simpson Manufacturing Stock Down 0.7 %

Shares of SSD opened at $191.15 on Tuesday. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The stock has a 50 day simple moving average of $171.27 and a two-hundred day simple moving average of $183.02. The firm has a market cap of $8.06 billion, a P/E ratio of 23.95 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $596.98 million during the quarter, compared to analysts’ expectations of $604.67 million. During the same period last year, the company posted $2.50 EPS. Simpson Manufacturing’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.04%.

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.