Smith-Midland Co. (NASDAQ:SMID) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Smith-Midland Co. (NASDAQ:SMID) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,193 shares of the company’s stock after buying an additional 1,866 shares during the period. Geode Capital Management LLC owned approximately 1.89% of Smith-Midland worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Thompson Davis & CO. Inc. raised its holdings in shares of Smith-Midland by 5.0% during the third 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 grew its stake in shares of Smith-Midland by 3,239.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock valued at $223,000 after buying an additional 6,478 shares in the last quarter. State Street Corp increased 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 worth $1,821,000 after buying an additional 4,136 shares during the last quarter. MetLife Investment Management LLC raised its position in Smith-Midland by 129.1% during the third quarter. MetLife Investment Management LLC now owns 2,866 shares of the company’s stock valued at $96,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Needham Investment Management LLC grew its position in Smith-Midland by 13.5% in the third quarter. Needham Investment Management LLC now owns 210,000 shares of the company’s stock worth $7,012,000 after acquiring an additional 25,000 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Smith-Midland Stock Down 4.8 %

SMID opened at $42.09 on Tuesday. Smith-Midland Co. has a twelve month low of $25.03 and a twelve month high of $51.96. The firm has a market cap of $223.29 million, a P/E ratio of 34.79 and a beta of 1.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 2.78. The business has a 50 day moving average price of $43.05 and a 200 day moving average price of $35.87.

About Smith-Midland

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.