JPMorgan Chase & Co. Increases Stock Holdings in Smith-Midland Co. (NASDAQ:SMID)

JPMorgan Chase & Co. grew its stake in Smith-Midland Co. (NASDAQ:SMID - Free Report) by 569.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,749 shares of the company's stock after acquiring an additional 16,798 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Smith-Midland worth $878,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SMID. Barclays PLC boosted its stake in 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 purchasing an additional 4,907 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $3,379,000 after buying an additional 1,866 shares in the last quarter. State Street Corp grew its holdings in shares of Smith-Midland by 8.2% during the third quarter. State Street Corp now owns 54,543 shares of the company's stock valued at $1,821,000 after buying an additional 4,136 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Smith-Midland by 1.9% during the fourth quarter. Thompson Davis & CO. Inc. now owns 1,784,921 shares of the company's stock valued at $79,358,000 after acquiring an additional 33,957 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Smith-Midland in the 4th quarter worth approximately $433,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Smith-Midland Stock Up 9.3 %

SMID stock traded up $2.74 during midday trading on Friday, hitting $32.16. The company's stock had a trading volume of 8,447 shares, compared to its average volume of 23,856. The firm's 50-day moving average is $31.57 and its 200-day moving average is $37.42. 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 Co. has a 12 month low of $25.03 and a 12 month high of $51.96. The company has a market cap of $170.61 million, a PE ratio of 26.58 and a beta of 1.45.

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.