Smith-Midland Co. (NASDAQ:SMID) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in Smith-Midland Co. (NASDAQ:SMID - Free Report) by 16,337.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,849 shares of the company's stock after buying an additional 10,783 shares during the period. Lazard Asset Management LLC owned about 0.20% of Smith-Midland worth $482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Smith-Midland in the 4th quarter valued at about $48,000. BNP Paribas Financial Markets acquired a new position in shares of Smith-Midland in the 4th quarter valued at about $72,000. Wells Fargo & Company MN boosted its holdings in shares of Smith-Midland by 61.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,235 shares of the company's stock valued at $99,000 after buying an additional 851 shares during the period. Deutsche Bank AG boosted its holdings in shares of Smith-Midland by 3,790.4% in the 4th quarter. Deutsche Bank AG now owns 4,863 shares of the company's stock valued at $216,000 after buying an additional 4,738 shares during the period. Finally, Barclays PLC boosted 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 valued at $233,000 after buying an additional 4,907 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

Smith-Midland Stock Performance

Smith-Midland stock traded up $0.66 during midday trading on Tuesday, reaching $29.97. 16,728 shares of the stock traded hands, compared to its average volume of 22,875. 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 firm has a fifty day moving average price of $30.77 and a two-hundred day moving average price of $37.10. The firm has a market cap of $158.99 million, a price-to-earnings ratio of 24.77 and a beta of 1.63. Smith-Midland Co. has a fifty-two week low of $25.03 and a fifty-two week high of $51.96.

Smith-Midland (NASDAQ:SMID - Get Free Report) last posted its earnings results on Tuesday, May 27th. The company reported $0.27 earnings per share (EPS) for the quarter. Smith-Midland had a net margin of 8.52% and a return on equity of 17.71%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Smith-Midland from a "hold" rating to a "buy" rating in a report on Saturday.

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.