State Street Corp Increases Stock Holdings in Smith-Midland Co. (NASDAQ:SMID)

State Street Corp grew its stake in Smith-Midland Co. (NASDAQ:SMID) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,543 shares of the company’s stock after purchasing an additional 4,136 shares during the period. State Street Corp owned approximately 1.02% of Smith-Midland worth $1,821,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SMID. MetLife Investment Management LLC increased its stake in Smith-Midland by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 2,866 shares of the company’s stock valued at $96,000 after buying an additional 1,615 shares during the period. Rhumbline Advisers purchased a new stake in shares of Smith-Midland in the second quarter valued at about $125,000. International Assets Investment Management LLC increased its stake in shares of Smith-Midland by 3,239.0% during the third quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock worth $223,000 after acquiring an additional 6,478 shares during the period. PDT Partners LLC acquired a new position in shares of Smith-Midland during the third quarter worth about $254,000. Finally, Marshall Wace LLP raised its holdings in Smith-Midland by 21.7% during the second quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock worth $257,000 after purchasing an additional 1,654 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Smith-Midland Price Performance

Shares of SMID opened at $44.46 on Thursday. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $42.41 and its two-hundred day moving average is $35.68. Smith-Midland Co. has a twelve month low of $25.03 and a twelve month high of $51.96. The firm has a market capitalization of $235.86 million, a PE ratio of 36.74 and a beta of 1.35.

Smith-Midland Company Profile

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems in the United States. It offers SlenderWall lightweight construction panel, lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; Easi-Set precast building and Easi-Span expandable precast buildings, used in housing communications operations, traffic control systems, and mechanical and electrical stations; Easi-Set utility, vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels, it absorb highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding.