Simpson Manufacturing Company, Inc. $SSD Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. increased its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 67.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 327,606 shares of the construction company’s stock after acquiring an additional 131,381 shares during the quarter. Brown Advisory Inc.’s holdings in Simpson Manufacturing were worth $52,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSD. AQR Capital Management LLC boosted its position in Simpson Manufacturing by 51.3% during the first quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock worth $798,000 after acquiring an additional 1,726 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Simpson Manufacturing by 11.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock worth $427,000 after acquiring an additional 286 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Simpson Manufacturing during the first quarter worth about $531,000. Goldman Sachs Group Inc. boosted its position in Simpson Manufacturing by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock worth $33,327,000 after acquiring an additional 64,114 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Simpson Manufacturing by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock worth $19,022,000 after purchasing an additional 12,865 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $192.48 on Monday. The company’s 50 day simple moving average is $183.61 and its 200-day simple moving average is $180.84. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 22.57 and a beta of 1.32. Simpson Manufacturing Company, Inc. has a 1 year low of $151.38 and a 1 year high of $211.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 3.40.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million for the quarter, compared to the consensus estimate of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 EPS. As a group, equities research analysts expect that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.30 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s payout ratio is presently 13.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SSD. DA Davidson lifted their target price on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Stephens lifted their target price on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.75.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.