XTX Topco Ltd Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Asset Management Inc lifted its holdings in shares of Simpson Manufacturing by 517.1% in the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock worth $109,911,000 after acquiring an additional 465,193 shares during the last quarter. Norges Bank bought a new stake in Simpson Manufacturing in the fourth quarter worth about $81,069,000. Vanguard Group Inc. boosted its position in shares of Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after buying an additional 278,283 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of Simpson Manufacturing by 250.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after buying an additional 232,600 shares during the last quarter. Finally, Nia Impact Advisors LLC purchased a new stake in shares of Simpson Manufacturing in the second quarter worth approximately $15,010,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now owns 866 shares in the company, valued at approximately $154,797.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. 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. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

SSD opened at $189.35 on Friday. The business has a fifty day moving average of $180.28 and a 200 day moving average of $180.27. The stock has a market cap of $7.98 billion, a P/E ratio of 23.73 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its 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 company had revenue of $596.98 million for the quarter, compared to analysts’ expectations of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.50 earnings per share. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared 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. 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 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.