Bank of New York Mellon Corp Buys Shares of 11,731 Smith-Midland Co. (NASDAQ:SMID)

Bank of New York Mellon Corp purchased a new position in shares of Smith-Midland Co. (NASDAQ:SMID) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,731 shares of the company’s stock, valued at approximately $325,000. Bank of New York Mellon Corp owned about 0.22% of Smith-Midland at the end of the most recent reporting period.

Separately, Vanguard Group Inc. grew its position in shares of Smith-Midland by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock worth $9,494,000 after buying an additional 1,277 shares during the period. 49.94% of the stock is currently owned by institutional investors.

Smith-Midland Stock Down 3.7 %

Shares of NASDAQ:SMID opened at $34.60 on Thursday. Smith-Midland Co. has a 52 week low of $18.25 and a 52 week high of $48.87. The company has a market capitalization of $185.11 million, a PE ratio of 101.76 and a beta of 1.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.82 and a current ratio of 2.27. The company has a 50 day moving average price of $32.78 and a two-hundred day moving average price of $34.92.

Smith-Midland (NASDAQ:SMID) last announced its earnings results on Wednesday, August 14th. The company reported $0.37 EPS for the quarter. The firm had revenue of $19.64 million for the quarter. Smith-Midland had a net margin of 6.76% and a return on equity of 13.17%.

About Smith-Midland

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.