Smith-Midland Co. (NASDAQ:SMID) Shares Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. increased its stake in Smith-Midland Co. (NASDAQ:SMID - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,784,921 shares of the company's stock after buying an additional 33,957 shares during the period. Smith-Midland comprises about 51.0% of Thompson Davis & CO. Inc.'s investment portfolio, making the stock its largest position. Thompson Davis & CO. Inc. owned approximately 33.65% of Smith-Midland worth $79,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Smith-Midland by 236.3% in the 3rd quarter. Barclays PLC now owns 6,984 shares of the company's stock worth $233,000 after acquiring an additional 4,907 shares during the period. Geode Capital Management LLC increased its stake in shares of Smith-Midland by 1.9% in the third quarter. Geode Capital Management LLC now owns 101,193 shares of the company's stock valued at $3,379,000 after purchasing an additional 1,866 shares during the period. State Street Corp increased its stake in shares of 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. International Assets Investment Management LLC raised its holdings 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 valued at $223,000 after buying an additional 6,478 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Smith-Midland by 129.1% during the third quarter. MetLife Investment Management LLC now owns 2,866 shares of the company's stock worth $96,000 after buying an additional 1,615 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

Smith-Midland Stock Performance

SMID stock traded up $0.13 on Wednesday, reaching $34.59. The company's stock had a trading volume of 6,946 shares, compared to its average volume of 16,131. The firm has a fifty day moving average of $40.24 and a two-hundred day moving average of $38.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28. The company has a market capitalization of $183.50 million, a P/E ratio of 28.59 and a beta of 1.38. Smith-Midland Co. has a 52 week low of $25.03 and a 52 week high of $51.96.

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.