Smith-Midland (NASDAQ:SMID) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Smith-Midland (NASDAQ:SMID) from a hold rating to a buy rating in a research report report published on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Smith-Midland in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Smith-Midland Stock Performance

Shares of SMID opened at $33.98 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.33. The stock has a 50-day moving average of $32.58 and a 200-day moving average of $34.73. The company has a market cap of $180.43 million, a PE ratio of 14.46 and a beta of 1.89. Smith-Midland has a one year low of $25.60 and a one year high of $43.66.

Smith-Midland (NASDAQ:SMID) last issued its earnings results on Tuesday, April 14th. The company reported $0.40 EPS for the quarter. The company had revenue of $23.11 million during the quarter. Smith-Midland had a return on equity of 25.08% and a net margin of 13.27%.

Hedge Funds Weigh In On Smith-Midland

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Smith-Midland by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 37,101 shares of the company’s stock valued at $1,368,000 after acquiring an additional 267 shares in the last quarter. Barclays PLC lifted its position in Smith-Midland by 8.6% in the 4th quarter. Barclays PLC now owns 4,224 shares of the company’s stock valued at $154,000 after acquiring an additional 335 shares in the last quarter. Rhumbline Advisers lifted its position in Smith-Midland by 9.6% in the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock valued at $133,000 after acquiring an additional 372 shares in the last quarter. Jane Street Group LLC lifted its position in Smith-Midland by 9.8% in the 4th quarter. Jane Street Group LLC now owns 6,530 shares of the company’s stock valued at $237,000 after acquiring an additional 583 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Smith-Midland by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,382 shares of the company’s stock valued at $162,000 after acquiring an additional 638 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Company Profile

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.