Jane Street Group LLC Decreases Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Jane Street Group LLC reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 31.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,765 shares of the construction company's stock after selling 46,166 shares during the period. Jane Street Group LLC owned 0.23% of Simpson Manufacturing worth $16,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Simpson Manufacturing in the fourth quarter worth $28,000. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth approximately $29,000. World Investment Advisors LLC bought a new stake in Simpson Manufacturing in the third quarter worth $30,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $30,000. Finally, UMB Bank n.a. lifted its position in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Trading Down 1.5 %

Shares of SSD opened at $154.72 on Tuesday. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average price is $154.33 and its 200-day moving average price is $167.57. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.36 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 EPS. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Robert W. Baird decreased their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. DA Davidson lowered their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

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.

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