XTX Topco Ltd Invests $1.36 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

XTX Topco Ltd bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,088 shares of the construction company’s stock, valued at approximately $1,363,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Simpson Manufacturing by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock valued at $697,000 after acquiring an additional 72 shares during the period. Jennison Associates LLC increased its position in 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 buying an additional 90 shares in the last quarter. Private Advisor Group LLC increased its position in 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 raised its stake in shares of Simpson Manufacturing by 50.2% in the first quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after buying an additional 108 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Simpson Manufacturing by 3.0% during 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. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the transaction, the executive vice president now owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $189.35 on Friday. The company has a market capitalization of $7.98 billion, a P/E ratio of 23.73 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The firm’s 50 day simple moving average is $180.28 and its two-hundred day simple moving average is $180.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results 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). The business had revenue of $596.98 million during the quarter, compared to analysts’ expectations of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.50 EPS. Research analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

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.