Jump Financial LLC Purchases New Shares in Simpson Manufacturing Company, Inc. $SSD

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

Other large investors also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth about $45,000. CWM LLC boosted its stake in shares of Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock worth $52,000 after acquiring an additional 93 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Simpson Manufacturing by 1,070.0% during the 1st 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. Finally, Bayforest Capital Ltd bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth about $72,000. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE:SSD traded up $2.93 during mid-day trading on Friday, hitting $195.82. 236,024 shares of the company's stock traded hands, compared to its average volume of 238,125. The firm has a 50 day moving average of $177.27 and a two-hundred day moving average of $163.64. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 24.98 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82.

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

Simpson Manufacturing Dividend Announcement

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

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the company's stock in a transaction that occurred 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 owned 7,794 shares of the company's stock, valued at $1,389,436.38. This represents a 24.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $196.13, for a total transaction of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares in the company, valued at approximately $1,531,775.30. The trade was a 11.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped their price target on Simpson Manufacturing from $180.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company 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.