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

JPMorgan Chase & Co. lifted its holdings in Smith-Midland Co. (NASDAQ:SMID) by 569.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,749 shares of the company’s stock after buying an additional 16,798 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Smith-Midland worth $878,000 as of its most recent SEC filing.

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

Smith-Midland Stock Up 1.9 %

SMID stock opened at $29.35 on Tuesday. Smith-Midland Co. has a twelve month low of $25.03 and a twelve month high of $51.96. The company has a market cap of $155.70 million, a PE ratio of 24.26 and a beta of 1.45. The business’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $37.53. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11.

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.