Smith-Midland (NASDAQ:SMID) Upgraded at Wall Street Zen

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

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

Smith-Midland Trading Down 2.5%

NASDAQ SMID opened at $33.12 on Friday. The company has a market cap of $175.87 million, a price-to-earnings ratio of 14.09 and a beta of 1.89. Smith-Midland has a 52 week low of $25.60 and a 52 week high of $43.66. The business has a 50 day moving average price of $32.55 and a 200-day moving average price of $34.69. The company has a quick ratio of 2.92, a current ratio of 3.40 and a debt-to-equity ratio of 0.07.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. boosted its position in shares of Smith-Midland by 0.4% during the first quarter. Thompson Davis & CO. Inc. now owns 1,841,775 shares of the company’s stock valued at $59,913,000 after buying an additional 7,448 shares during the last quarter. Rice Hall James & Associates LLC lifted 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 acquiring an additional 4,099 shares in the last quarter. Needham Investment Management LLC lifted its stake in Smith-Midland by 0.9% during the 4th quarter. Needham Investment Management LLC now owns 225,000 shares of the company’s stock valued at $8,176,000 after acquiring an additional 2,000 shares in the last quarter. Barclays PLC boosted its holdings in Smith-Midland by 8.6% during the 4th quarter. Barclays PLC now owns 4,224 shares of the company’s stock worth $154,000 after acquiring an additional 335 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in Smith-Midland during the 4th quarter worth $604,000. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Company Profile

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.