Smith-Midland (NASDAQ:SMID) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Smith-Midland (NASDAQ:SMID) from a Buy to a Hold; Weiss Ratings also reiterated a "hold (c)" and the stock's consensus rating is now Hold.
• Shares opened at $34.96 (up ~3.5%), the company has a market cap of $185.6M and a PE of ~14.9, and it reported $0.40 EPS last quarter with a 13.37% net margin and 24.91% ROE.
• Institutional investors own about 49.94% of SMID, with several funds (including Wells Fargo, Barclays, Tower Research and CWM) recently increasing their stakes.

Smith-Midland (NASDAQ:SMID - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated 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.com, the stock currently has a consensus rating of "Hold".

Smith-Midland Trading Up 3.5%

Shares of Smith-Midland stock opened at $34.96 on Friday. The firm's 50 day moving average is $32.56 and its 200 day moving average is $34.60. The company has a current ratio of 3.40, a quick ratio of 2.92 and a debt-to-equity ratio of 0.07. Smith-Midland has a 1 year low of $25.60 and a 1 year high of $43.66. The firm has a market capitalization of $185.64 million, a PE ratio of 14.88 and a beta of 1.77.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMID. CWM LLC lifted its position in shares of Smith-Midland by 1,300.0% in the 3rd quarter. CWM LLC now owns 1,064 shares of the company's stock worth $39,000 after purchasing an additional 988 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Smith-Midland by 495.7% in the 2nd 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 period. Wells Fargo & Company MN lifted its position in shares of Smith-Midland by 75.5% in the 4th 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 period. Rhumbline Advisers lifted its position in shares of Smith-Midland by 9.6% in the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company's stock worth $133,000 after purchasing an additional 372 shares during the period. Finally, Barclays PLC lifted its position in shares of Smith-Midland by 8.6% in the 4th quarter. Barclays PLC now owns 4,224 shares of the company's stock worth $154,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 49.94% of the company's stock.

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.

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