Dimensional Fund Advisors LP Has $1.42 Million Stake in Smith-Midland Co. (NASDAQ:SMID)

Dimensional Fund Advisors LP raised its position in shares of Smith-Midland Co. (NASDAQ:SMID) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,864 shares of the company’s stock after acquiring an additional 2,252 shares during the quarter. Dimensional Fund Advisors LP owned about 0.60% of Smith-Midland worth $1,416,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of Smith-Midland during the fourth quarter valued at about $48,000. Wells Fargo & Company MN boosted its holdings in Smith-Midland by 61.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,235 shares of the company’s stock worth $99,000 after acquiring an additional 851 shares in the last quarter. Barclays PLC boosted its holdings in Smith-Midland by 236.3% in the third quarter. Barclays PLC now owns 6,984 shares of the company’s stock worth $233,000 after acquiring an additional 4,907 shares in the last quarter. Marshall Wace LLP bought a new position in Smith-Midland in the fourth quarter worth approximately $300,000. Finally, WINTON GROUP Ltd acquired a new stake in Smith-Midland in the 4th quarter valued at $433,000. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Stock Performance

Shares of Smith-Midland stock opened at $32.49 on Friday. The company has a market cap of $172.36 million, a PE ratio of 26.85 and a beta of 1.63. Smith-Midland Co. has a 52 week low of $25.03 and a 52 week high of $51.96. The business has a 50 day moving average price of $31.13 and a 200-day moving average price of $37.31. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11.

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.