Smith-Midland (NASDAQ:SMID) Announces Earnings Results
by Teresa Graham · The Cerbat GemSmith-Midland (NASDAQ:SMID – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.40 earnings per share for the quarter, FiscalAI reports. Smith-Midland had a return on equity of 25.08% and a net margin of 13.27%.The firm had revenue of $23.11 million for the quarter.
Smith-Midland Price Performance
Smith-Midland stock traded up $1.30 on Tuesday, reaching $32.29. The company’s stock had a trading volume of 14,031 shares, compared to its average volume of 7,556. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.33 and a current ratio of 2.76. The company has a market cap of $171.31 million, a price-to-earnings ratio of 14.55 and a beta of 1.89. The business’s fifty day moving average price is $32.89 and its 200 day moving average price is $34.82. Smith-Midland has a twelve month low of $25.60 and a twelve month high of $43.66.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Smith-Midland in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Report on Smith-Midland
Hedge Funds Weigh In On Smith-Midland
Institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. lifted its stake in Smith-Midland by 3.3% in the third quarter. Thompson Davis & CO. Inc. now owns 1,832,843 shares of the company’s stock valued at $67,632,000 after buying an additional 58,981 shares during the period. Berman McAleer LLC acquired a new position in Smith-Midland in the third quarter valued at about $214,000. CWM LLC lifted its stake in Smith-Midland by 1,300.0% in the third quarter. CWM LLC now owns 1,064 shares of the company’s stock valued at $39,000 after buying an additional 988 shares during the period. Lazard Asset Management LLC lifted its stake in Smith-Midland by 6.0% in the third quarter. Lazard Asset Management LLC now owns 12,631 shares of the company’s stock valued at $466,000 after buying an additional 715 shares during the period. Finally, Jane Street Group LLC lifted its stake in Smith-Midland by 9.8% in the fourth quarter. Jane Street Group LLC now owns 6,530 shares of the company’s stock valued at $237,000 after buying an additional 583 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.