James Russell Bruner Sells 6,000 Shares of Smith-Midland (NASDAQ:SMID) Stock

Smith-Midland Corp. (NASDAQ:SMID) Director James Russell Bruner sold 6,000 shares of Smith-Midland stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $39.06, for a total transaction of $234,360.00. Following the completion of the transaction, the director directly owned 6,594 shares of the company’s stock, valued at approximately $257,561.64. This represents a 47.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Smith-Midland Stock Performance

Shares of SMID opened at $41.14 on Friday. Smith-Midland Corp. has a 1 year low of $25.13 and a 1 year high of $51.96. The company has a market cap of $218.25 million, a price-to-earnings ratio of 18.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 2.88. The firm has a fifty day moving average of $36.08 and a 200-day moving average of $33.48.

Smith-Midland (NASDAQ:SMID) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.79 earnings per share (EPS) for the quarter. Smith-Midland had a net margin of 13.24% and a return on equity of 27.32%. The company had revenue of $26.20 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Smith-Midland from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th.

Hedge Funds Weigh In On Smith-Midland

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Smith-Midland by 569.2% in the 4th quarter. JPMorgan Chase & Co. now owns 19,749 shares of the company’s stock valued at $878,000 after purchasing an additional 16,798 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Smith-Midland by 61.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,235 shares of the company’s stock valued at $99,000 after purchasing an additional 851 shares during the period. Marshall Wace LLP acquired a new position in shares of Smith-Midland in the 4th quarter valued at about $300,000. Dimensional Fund Advisors LP increased its holdings in shares of Smith-Midland by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 31,864 shares of the company’s stock valued at $1,416,000 after purchasing an additional 2,252 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Smith-Midland by 14.6% in the 4th quarter. Northern Trust Corp now owns 45,103 shares of the company’s stock valued at $2,005,000 after purchasing an additional 5,747 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Smith-Midland Company Profile

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems in the United States. It offers SlenderWall lightweight construction panel, lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; Easi-Set precast building and Easi-Span expandable precast buildings, used in housing communications operations, traffic control systems, and mechanical and electrical stations; Easi-Set utility, vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels, it absorb highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding.