Dimensional Fund Advisors LP Raises Stake in Smith-Midland Co. (NASDAQ:SMID)

Dimensional Fund Advisors LP increased its stake in shares of Smith-Midland Co. (NASDAQ:SMID) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,864 shares of the company’s stock after buying an additional 2,252 shares during the period. Dimensional Fund Advisors LP’s holdings in Smith-Midland were worth $1,416,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SMID. Barclays PLC boosted its position in shares of Smith-Midland by 236.3% in the third quarter. Barclays PLC now owns 6,984 shares of the company’s stock valued at $233,000 after acquiring an additional 4,907 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Smith-Midland during the 4th quarter valued at $48,000. Thompson Davis & CO. Inc. grew its position in shares of Smith-Midland by 1.9% during the 4th quarter. Thompson Davis & CO. Inc. now owns 1,784,921 shares of the company’s stock valued at $79,358,000 after purchasing an additional 33,957 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Smith-Midland by 16.2% during the 4th quarter. Bank of New York Mellon Corp now owns 11,144 shares of the company’s stock valued at $495,000 after purchasing an additional 1,553 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 purchasing an additional 732 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors.

Smith-Midland Trading Up 1.0%

Shares of SMID opened at $32.49 on Friday. The firm’s 50 day simple moving average is $31.13 and its 200 day simple moving average is $37.31. The company has a market capitalization of $172.36 million, a P/E ratio of 26.85 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28. Smith-Midland Co. has a 1-year low of $25.03 and a 1-year high of $51.96.

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.