53,979 Shares in Smith-Midland Corp. $SMID Acquired by Rice Hall James & Associates LLC

Posted by Brenda Bartman on Aug 19th, 2026

Rice Hall James & Associates LLC purchased a new stake in shares of Smith-Midland Corp. (NASDAQ:SMID – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,979 shares of the company’s stock, valued at approximately $1,565,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of Smith-Midland during the second quarter worth $325,000. Dimensional Fund Advisors LP raised its holdings in shares of Smith-Midland by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 44,729 shares of the company’s stock valued at $1,455,000 after buying an additional 4,384 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Smith-Midland by 0.4% in 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. Needham Investment Management LLC lifted its position in Smith-Midland by 0.9% during the 4th quarter. Needham Investment Management LLC now owns 225,000 shares of the company’s stock worth $8,176,000 after buying an additional 2,000 shares in the last quarter. Finally, Barclays PLC lifted its position 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 buying an additional 335 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SMID. Wall Street Zen lowered shares of Smith-Midland from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Smith-Midland in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on Smith-Midland

Smith-Midland Price Performance

Smith-Midland stock opened at $28.21 on Wednesday. The business’s 50-day simple moving average is $29.18 and its 200 day simple moving average is $31.36. The stock has a market cap of $149.80 million, a price-to-earnings ratio of 19.46 and a beta of 1.76. Smith-Midland Corp. has a 12-month low of $25.60 and a 12-month high of $43.62. The company has a quick ratio of 2.68, a current ratio of 3.11 and a debt-to-equity ratio of 0.07.

Smith-Midland (NASDAQ:SMID – Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. The firm had revenue of $23.36 million during the quarter. Smith-Midland had a net margin of 8.59% and a return on equity of 14.25%.

About Smith-Midland

(Free Report)

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.