Heritage Investors Management Corp Sells 4,355 Shares of Smith-Midland Co. (NASDAQ:SMID)

Heritage Investors Management Corp reduced its stake in Smith-Midland Co. (NASDAQ:SMID) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,913 shares of the company’s stock after selling 4,355 shares during the period. Heritage Investors Management Corp owned 0.76% of Smith-Midland worth $1,577,000 as of its most recent SEC filing.

Separately, Thompson Davis & CO. Inc. raised its stake in Smith-Midland by 10.2% during the 4th quarter. Thompson Davis & CO. Inc. now owns 1,356,453 shares of the company’s stock worth $53,580,000 after buying an additional 125,873 shares during the period. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Smith-Midland Stock Down 6.8 %

Smith-Midland stock traded down $2.44 during mid-day trading on Thursday, reaching $33.60. The stock had a trading volume of 13,129 shares, compared to its average volume of 24,865. The firm has a market capitalization of $176.74 million, a PE ratio of 305.48 and a beta of 1.26. Smith-Midland Co. has a fifty-two week low of $15.23 and a fifty-two week high of $48.87. The stock’s 50-day simple moving average is $39.25 and its 200-day simple moving average is $36.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.99 and a current ratio of 2.31.

Smith-Midland Profile

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.