Smith-Midland (NASDAQ:SMID) Releases Earnings Results

Smith-Midland (NASDAQ:SMID) posted its earnings results on Tuesday. The company reported $0.25 EPS for the quarter, Zacks reports. The firm had revenue of $21.57 million during the quarter. Smith-Midland had a return on equity of 20.23% and a net margin of 11.36%.

Smith-Midland Stock Down 8.7%

Shares of SMID opened at $29.50 on Thursday. The company has a market cap of $156.56 million, a PE ratio of 14.90 and a beta of 1.73. The business has a fifty day moving average of $31.29 and a 200 day moving average of $33.43. Smith-Midland has a 52-week low of $25.60 and a 52-week high of $43.66. The company has a quick ratio of 2.92, a current ratio of 3.40 and a debt-to-equity ratio of 0.07.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Smith-Midland from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated 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 MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Trading of Smith-Midland

A number of institutional investors have recently bought and sold shares of SMID. Stifel Financial Corp bought a new stake in shares of Smith-Midland during the fourth quarter worth $604,000. Dimensional Fund Advisors LP lifted its position in shares of Smith-Midland by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,345 shares of the company’s stock worth $1,466,000 after purchasing an additional 3,244 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Smith-Midland by 1.3% during the third quarter. Vanguard Group Inc. now owns 224,345 shares of the company’s stock worth $8,278,000 after purchasing an additional 2,800 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Smith-Midland by 495.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,787 shares of the company’s stock worth $60,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Smith-Midland by 75.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,039 shares of the company’s stock worth $110,000 after purchasing an additional 1,307 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.

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.