Smith-Midland Corp. $SMID Stake Decreased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. lowered its position in Smith-Midland Corp. (NASDAQ:SMID) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,773,862 shares of the company’s stock after selling 38,073 shares during the period. Smith-Midland accounts for about 31.0% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its largest holding. Thompson Davis & CO. Inc. owned about 33.44% of Smith-Midland worth $59,531,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SMID. Tower Research Capital LLC TRC grew its stake in Smith-Midland by 495.7% in the second 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. Rhumbline Advisers boosted its holdings in shares of Smith-Midland by 9.6% during the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock valued at $133,000 after buying an additional 372 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Smith-Midland during the 2nd quarter valued at $211,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Smith-Midland in the 2nd quarter worth about $238,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Smith-Midland in the 2nd quarter worth about $370,000. 49.94% of the stock is currently owned by institutional investors.

Smith-Midland Stock Performance

Shares of Smith-Midland stock opened at $34.05 on Friday. Smith-Midland Corp. has a 1 year low of $25.13 and a 1 year high of $49.49. The firm’s 50-day moving average is $35.92 and its 200 day moving average is $36.22. The stock has a market cap of $180.47 million, a price-to-earnings ratio of 15.34 and a beta of 1.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.33.

Smith-Midland (NASDAQ:SMID) last issued its earnings results on Friday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $21.45 million during the quarter. Smith-Midland had a net margin of 13.27% and a return on equity of 25.08%.

Analyst Ratings Changes

Several equities research analysts recently commented on SMID shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Smith-Midland in a research note on Monday, December 1st. Wall Street Zen lowered shares of Smith-Midland from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.