Smith-Midland Co. (NASDAQ:SMID) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in Smith-Midland Co. (NASDAQ:SMID) by 236.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,984 shares of the company’s stock after purchasing an additional 4,907 shares during the period. Barclays PLC owned about 0.13% of Smith-Midland worth $233,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. boosted its stake in shares of Smith-Midland by 5.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company’s stock worth $58,465,000 after acquiring an additional 83,535 shares in the last quarter. International Assets Investment Management LLC boosted its position in 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 purchasing an additional 6,478 shares in the last quarter. State Street Corp grew its holdings in Smith-Midland by 8.2% in the third quarter. State Street Corp now owns 54,543 shares of the company’s stock valued at $1,821,000 after purchasing an additional 4,136 shares during the period. MetLife Investment Management LLC increased its position in shares of Smith-Midland by 129.1% in the third 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 in the last quarter. Finally, Needham Investment Management LLC raised its stake in shares of Smith-Midland by 13.5% during the 3rd quarter. Needham Investment Management LLC now owns 210,000 shares of the company’s stock worth $7,012,000 after buying an additional 25,000 shares during the period. 49.94% of the stock is owned by hedge funds and other institutional investors.

Smith-Midland Stock Down 4.8 %

Shares of NASDAQ SMID opened at $42.09 on Tuesday. Smith-Midland Co. has a 52-week low of $25.03 and a 52-week high of $51.96. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11. The company’s 50-day simple moving average is $43.05 and its 200-day simple moving average is $35.87. The firm has a market cap of $223.29 million, a price-to-earnings ratio of 34.79 and a beta of 1.40.

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.