XTX Topco Ltd Buys Shares of 7,122 Simpson Manufacturing Company, Inc. (NYSE:SSD)

XTX Topco Ltd purchased a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,122 shares of the construction company’s stock, valued at approximately $1,119,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in Simpson Manufacturing in the fourth quarter worth approximately $28,000. Investment Management Corp VA ADV bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at $45,000. CWM LLC lifted its position in shares of Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. boosted its stake in Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson raised their price target on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday.

Simpson Manufacturing Stock Down 0.3%

SSD stock opened at $178.93 on Friday. The stock’s 50 day simple moving average is $160.95 and its 200 day simple moving average is $160.17. The company has a market cap of $7.48 billion, a P/E ratio of 22.82 and a beta of 1.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.54 and a current ratio of 3.37. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.39 by $0.08. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%. The firm had revenue of $631.06 million during the quarter, compared to the consensus estimate of $601.80 million. During the same quarter in the previous year, the company posted $2.31 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

About Simpson Manufacturing

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.