Smith-Midland (NASDAQ:SMID) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Smith-Midland (NASDAQ:SMID) from a buy rating to a hold rating in a research report report published on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Smith-Midland in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Smith-Midland Trading Up 3.5%

NASDAQ SMID opened at $34.96 on Friday. The company has a market capitalization of $185.64 million, a PE ratio of 14.88 and a beta of 1.77. The company has a fifty day moving average of $32.56 and a 200 day moving average of $34.59. Smith-Midland has a 1 year low of $25.60 and a 1 year high of $43.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.40 and a quick ratio of 2.92.

Smith-Midland (NASDAQ:SMID) last posted its earnings results on Tuesday, April 14th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $23.11 million during the quarter. Smith-Midland had a net margin of 13.37% and a return on equity of 24.91%.

Hedge Funds Weigh In On Smith-Midland

A number of hedge funds have recently bought and sold shares of SMID. CWM LLC grew its holdings in Smith-Midland by 1,300.0% in the third quarter. CWM LLC now owns 1,064 shares of the company’s stock valued at $39,000 after purchasing an additional 988 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Smith-Midland by 495.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,787 shares of the company’s stock worth $60,000 after buying an additional 1,487 shares during the period. Wells Fargo & Company MN lifted its position in shares of Smith-Midland by 75.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,039 shares of the company’s stock valued at $110,000 after buying an additional 1,307 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Smith-Midland by 9.6% during the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock valued at $133,000 after buying an additional 372 shares in the last quarter. Finally, Barclays PLC grew its stake in Smith-Midland by 8.6% in the 4th quarter. Barclays PLC now owns 4,224 shares of the company’s stock valued at $154,000 after acquiring an additional 335 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

About Smith-Midland

Smith-Midland Corporation (NASDAQ: SMID) is a Virginia‐based manufacturer specializing in precast and cast‐in‐place concrete products for use in residential, commercial and infrastructure applications. Headquartered in Midland, Virginia, the company operates a primary production facility where it designs, engineers and produces a wide array of concrete components under stringent quality controls. Smith‐Midland’s products are widely used by builders, contractors and government agencies across the United States.

The company’s Construction Products Group offers an extensive portfolio of engineered solutions for transportation and site development projects.