D. E. Shaw & Co. Inc. Acquires New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 212,922 shares of the construction company’s stock, valued at approximately $35,884,000.

A number of other large investors have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of Simpson Manufacturing during the 1st quarter valued at $29,000. Rise Advisors LLC purchased a new stake in Simpson Manufacturing in the 1st quarter worth about $37,000. Benjamin F. Edwards & Company Inc. raised its stake in Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after acquiring an additional 187 shares during the period. CWM LLC lifted its holdings 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 purchasing an additional 108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Simpson Manufacturing during the second quarter valued at about $77,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the transaction, the chief executive officer now owns 19,534 shares in the company, valued at approximately $3,660,866.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Roger Dankel sold 2,700 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the transaction, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction on Monday, August 26th. The stock was 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 in the company, valued at approximately $3,660,866.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Price Performance

SSD opened at $191.18 on Friday. The firm has a 50-day moving average price of $181.09 and a 200-day moving average price of $179.42. Simpson Manufacturing Co., Inc. has a twelve month low of $123.93 and a twelve month high of $218.38. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 23.96 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. During the same period last year, the business posted $2.50 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts expect 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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend 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.