Virtu Financial LLC Buys 6,458 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Virtu Financial LLC raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 160.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,482 shares of the construction company’s stock after buying an additional 6,458 shares during the period. Virtu Financial LLC’s holdings in Simpson Manufacturing were worth $1,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SSD. Kingsview Wealth Management LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $242,000. Financial Advocates Investment Management grew its holdings in shares of Simpson Manufacturing by 9.7% during the fourth quarter. Financial Advocates Investment Management now owns 1,601 shares of the construction company’s stock worth $317,000 after purchasing an additional 142 shares during the last quarter. Norges Bank bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $81,069,000. D.A. Davidson & CO. increased its stake in shares of Simpson Manufacturing by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 4,704 shares of the construction company’s stock valued at $931,000 after buying an additional 190 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Simpson Manufacturing by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 3,289 shares of the construction company’s stock valued at $651,000 after buying an additional 182 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.8 %

SSD opened at $184.51 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company’s 50 day moving average price is $179.15 and its two-hundred day moving average price is $180.29. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 23.12 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.13). The business had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 EPS. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share 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 paid a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. Simpson Manufacturing’s payout ratio is 14.04%.

Insider Transactions at Simpson Manufacturing

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