Virtu Financial LLC Buys 452 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Virtu Financial LLC lifted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.7% during the first quarter, Holdings Channel reports. The fund owned 4,024 shares of the construction company’s stock after acquiring an additional 452 shares during the quarter. Virtu Financial LLC’s holdings in Simpson Manufacturing were worth $826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SSD. Algebris UK Ltd acquired a new stake in Simpson Manufacturing in the 1st quarter valued at $713,000. Hancock Whitney Corp acquired a new stake in Simpson Manufacturing in the 1st quarter valued at $1,712,000. SkyView Investment Advisors LLC boosted its stake in Simpson Manufacturing by 2.0% in the 1st quarter. SkyView Investment Advisors LLC now owns 9,094 shares of the construction company’s stock valued at $1,866,000 after buying an additional 174 shares in the last quarter. Tidal Investments LLC boosted its stake in Simpson Manufacturing by 3.0% in the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after buying an additional 109 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Simpson Manufacturing by 4.5% in the 1st quarter. Jane Street Group LLC now owns 63,532 shares of the construction company’s stock valued at $13,035,000 after buying an additional 2,744 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

SSD has been the topic of several recent analyst reports. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th.

Simpson Manufacturing Trading Down 3.1 %

Shares of SSD opened at $179.02 on Friday. The stock has a fifty day moving average price of $172.45 and a two-hundred day moving average price of $183.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 22.43 and a beta of 1.32.

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

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given 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 0.63%. Simpson Manufacturing’s payout ratio is currently 14.04%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction on 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 owns 5,033 shares in the company, valued at $861,347.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction on 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 owns 5,033 shares in the company, valued at $861,347.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Roger Dankel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the sale, the executive vice president now owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.