Smith-Midland Co. (NASDAQ:SMID) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Smith-Midland Co. (NASDAQ:SMID - Free Report) by 569.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,749 shares of the company's stock after acquiring an additional 16,798 shares during the period. JPMorgan Chase & Co. owned approximately 0.37% of Smith-Midland worth $878,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in shares of Smith-Midland during the 4th quarter worth $48,000. Barclays PLC boosted its holdings in Smith-Midland by 236.3% during the third quarter. Barclays PLC now owns 6,984 shares of the company's stock worth $233,000 after buying an additional 4,907 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Smith-Midland during the fourth quarter worth about $433,000. Bank of New York Mellon Corp increased its holdings in Smith-Midland by 16.2% in the fourth quarter. Bank of New York Mellon Corp now owns 11,144 shares of the company's stock valued at $495,000 after buying an additional 1,553 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Smith-Midland by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,101 shares of the company's stock valued at $582,000 after acquiring an additional 732 shares during the period. Hedge funds and other institutional investors own 49.94% of the company's stock.

Smith-Midland Price Performance

Shares of NASDAQ:SMID traded down $0.57 during trading on Thursday, hitting $29.42. 6,905 shares of the stock were exchanged, compared to its average volume of 23,841. Smith-Midland Co. has a 12-month low of $25.03 and a 12-month high of $51.96. The company has a market cap of $156.07 million, a PE ratio of 24.31 and a beta of 1.45. The company has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $37.43. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11.

Smith-Midland 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.