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

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

Smith-Midland Trading Up 0.4%

SMID stock traded up $0.11 during trading on Friday, hitting $29.33. The company had a trading volume of 15,083 shares, compared to its average volume of 22,780. The firm has a market capitalization of $155.60 million, a P/E ratio of 24.24 and a beta of 1.63. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11. Smith-Midland has a 52-week low of $25.03 and a 52-week high of $51.96. The company has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $36.80.

Smith-Midland (NASDAQ:SMID - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $0.27 earnings per share (EPS) for the quarter. Smith-Midland had a return on equity of 17.71% and a net margin of 8.52%. The business had revenue of $18.53 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. grew its stake in shares of Smith-Midland by 1.9% during the fourth quarter. Thompson Davis & CO. Inc. now owns 1,784,921 shares of the company's stock worth $79,358,000 after acquiring an additional 33,957 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Smith-Midland by 16.2% during the 4th quarter. Bank of New York Mellon Corp now owns 11,144 shares of the company's stock valued at $495,000 after purchasing an additional 1,553 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Smith-Midland by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,101 shares of the company's stock worth $582,000 after buying an additional 732 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Smith-Midland in the fourth quarter worth $433,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Smith-Midland by 569.2% during the fourth quarter. JPMorgan Chase & Co. now owns 19,749 shares of the company's stock worth $878,000 after buying an additional 16,798 shares during the period. 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.