Smith-Midland Co. (NASDAQ:SMID) is Thompson Davis & CO. Inc.’s Largest Position

Thompson Davis & CO. Inc. grew its holdings in shares of Smith-Midland Co. (NASDAQ:SMID) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,750,964 shares of the company’s stock after acquiring an additional 83,535 shares during the quarter. Smith-Midland comprises 43.2% of Thompson Davis & CO. Inc.’s portfolio, making the stock its largest holding. Thompson Davis & CO. Inc. owned approximately 0.33% of Smith-Midland worth $58,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rice Hall James & Associates LLC raised its holdings in Smith-Midland by 22.7% in the 3rd quarter. Rice Hall James & Associates LLC now owns 51,731 shares of the company’s stock worth $1,727,000 after purchasing an additional 9,578 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Smith-Midland by 3,239.0% during the third quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock valued at $223,000 after buying an additional 6,478 shares during the period. Marshall Wace LLP raised its stake in Smith-Midland by 21.7% in the second quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock worth $257,000 after buying an additional 1,654 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Smith-Midland by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company’s stock worth $829,000 after buying an additional 3,580 shares during the period. Finally, Rhumbline Advisers bought a new stake in Smith-Midland during the 2nd quarter valued at approximately $125,000. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Stock Down 3.8 %

SMID stock opened at $41.52 on Wednesday. The company has a market capitalization of $220.06 million, a price-to-earnings ratio of 34.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 2.78. The business’s 50 day moving average price is $34.72 and its two-hundred day moving average price is $33.28. Smith-Midland Co. has a fifty-two week low of $25.03 and a fifty-two week high of $48.87.

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.