Smith-Midland's (SMID) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Smith-Midland's stock has been reaffirmed with a "Hold (C+)" rating by Weiss Ratings, with a consensus rating also at "Hold".
• Insider transactions include significant sales, with Director James Russell Bruner selling 6,000 shares and major shareholder Rodney I. Smith selling 13,656 shares, indicating a reduction in insider ownership.
• The company reported earnings of $0.79 EPS for the quarter, with revenue of $26.20 million and a return on equity of 27.32%.

Smith-Midland (NASDAQ:SMID - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut Smith-Midland from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

Smith-Midland Price Performance

Shares of NASDAQ:SMID opened at $35.91 on Wednesday. The business's fifty day moving average price is $39.26 and its two-hundred day moving average price is $34.45. The stock has a market cap of $190.32 million, a PE ratio of 15.82 and a beta of 1.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.44 and a current ratio of 2.88. Smith-Midland has a one year low of $25.13 and a one year high of $51.96.

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

Insider Buying and Selling at Smith-Midland

In related news, 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 value of $234,360.00. Following the transaction, the director owned 6,594 shares in the company, valued at approximately $257,561.64. This trade represents a 47.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Rodney I. Smith sold 13,656 shares of Smith-Midland stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $41.36, for a total value of $564,812.16. Following the completion of the transaction, the insider owned 534,499 shares in the company, valued at $22,106,878.64. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock worth $853,081 in the last 90 days. Insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMID. GAMMA Investing LLC boosted its holdings in Smith-Midland by 39,258.3% in the first quarter. GAMMA Investing LLC now owns 4,723 shares of the company's stock valued at $152,000 after acquiring an additional 4,711 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Smith-Midland by 1.5% in the first quarter. Thompson Davis & CO. Inc. now owns 1,811,935 shares of the company's stock valued at $56,297,000 after acquiring an additional 27,014 shares during the last quarter. Rhumbline Advisers boosted its holdings in Smith-Midland by 9.6% in the first quarter. Rhumbline Advisers now owns 4,265 shares of the company's stock valued at $133,000 after acquiring an additional 372 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Smith-Midland during the second quarter worth about $211,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Smith-Midland during the second quarter worth about $238,000. Institutional investors and hedge funds 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.

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