Smith-Midland (NASDAQ:SMID) Issues Quarterly Earnings Results

Smith-Midland (NASDAQ:SMID) issued its quarterly earnings data on Tuesday. The company reported $0.40 EPS for the quarter, FiscalAI reports. Smith-Midland had a net margin of 13.27% and a return on equity of 25.08%. The business had revenue of $23.11 million during the quarter.

Smith-Midland Stock Up 4.2%

NASDAQ:SMID opened at $32.29 on Wednesday. The firm’s 50-day moving average price is $32.81 and its 200-day moving average price is $34.80. The company has a market capitalization of $171.15 million, a PE ratio of 14.55 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.33. Smith-Midland has a 1-year low of $25.60 and a 1-year high of $43.66.

Institutional Trading of Smith-Midland

A number of hedge funds and other institutional investors have recently modified their holdings of SMID. Thompson Davis & CO. Inc. grew its position in shares of Smith-Midland by 3.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,832,843 shares of the company’s stock worth $67,632,000 after buying an additional 58,981 shares during the period. Stifel Financial Corp purchased a new stake in Smith-Midland during the 4th quarter valued at about $604,000. Berman McAleer LLC bought a new stake in Smith-Midland during the 3rd quarter valued at about $214,000. Rice Hall James & Associates LLC increased its stake in Smith-Midland by 8.8% during the 4th quarter. Rice Hall James & Associates LLC now owns 50,590 shares of the company’s stock valued at $1,838,000 after purchasing an additional 4,099 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Smith-Midland by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,345 shares of the company’s stock valued at $1,466,000 after purchasing an additional 3,244 shares in the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.