Jump Financial LLC Invests $357,000 in Simpson Manufacturing Company, Inc. $SSD

Jump Financial LLC purchased a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,274 shares of the construction company's stock, valued at approximately $357,000.

A number of other hedge funds have also recently bought and sold shares of SSD. Investment Management Corp VA ADV bought a new stake in Simpson Manufacturing during the fourth quarter worth $28,000. Harbor Capital Advisors Inc. bought a new stake in Simpson Manufacturing in the first quarter valued at approximately $45,000. CWM LLC lifted its position in shares of Simpson Manufacturing by 39.1% in the first quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after buying an additional 93 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Simpson Manufacturing by 1,070.0% in the first quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after buying an additional 321 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Simpson Manufacturing during the 1st quarter worth approximately $72,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded up $2.93 on Friday, reaching $195.82. 236,024 shares of the company's stock were exchanged, compared to its average volume of 237,674. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a fifty day moving average of $177.27 and a 200-day moving average of $163.76. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 24.98 and a beta of 1.30. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18.

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

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Simpson Manufacturing's dividend payout ratio is 14.80%.

Insiders Place Their Bets

In other news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the transaction, the executive vice president directly owned 7,794 shares in the company, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the sale, the executive vice president owned 7,810 shares in the company, valued at $1,531,775.30. This represents a 11.35% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson increased their price target on Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $188.50.

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.