Key Points
- Director Richard Gerhardt sold 666 shares on Nov. 24 at an average price of $33.26 for total proceeds of $22,151.16, trimming his holding by 11.48% to 5,137 shares (≈$170,857).
- Smith-Midland (SMID) recently traded around $33.52, has a market cap of $177.8M and a P/E of 14.8; the company reported $0.54 EPS on $21.45M revenue last quarter and carries a Wall Street consensus rating of Hold.
Smith-Midland Corp. (NASDAQ:SMID - Get Free Report) Director Richard Gerhardt sold 666 shares of Smith-Midland stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $33.26, for a total transaction of $22,151.16. Following the transaction, the director directly owned 5,137 shares of the company's stock, valued at approximately $170,856.62. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Smith-Midland Stock Performance
SMID traded up $0.85 on Tuesday, reaching $33.52. The stock had a trading volume of 637 shares, compared to its average volume of 12,162. The business's 50-day moving average price is $36.94 and its two-hundred day moving average price is $35.99. The company has a market cap of $177.82 million, a P/E ratio of 14.77 and a beta of 1.76. Smith-Midland Corp. has a 12-month low of $25.13 and a 12-month high of $51.96. The company has a current ratio of 2.88, a quick ratio of 2.44 and a debt-to-equity ratio of 0.08.
Smith-Midland (NASDAQ:SMID - Get Free Report) last posted its earnings results on Friday, November 14th. The company reported $0.54 EPS for the quarter. The firm had revenue of $21.45 million for the quarter. Smith-Midland had a return on equity of 27.32% and a net margin of 13.24%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Smith-Midland in a research report on Thursday, November 13th. Wall Street Zen cut shares of Smith-Midland from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".
Get Our Latest Report on Smith-Midland
Institutional Investors Weigh In On Smith-Midland
A number of large investors have recently modified their holdings of SMID. Y Intercept Hong Kong Ltd acquired a new stake in shares of Smith-Midland in the 2nd quarter valued at $238,000. Los Angeles Capital Management LLC purchased a new position in Smith-Midland in the second quarter valued at $370,000. Thompson Davis & CO. Inc. raised its stake in Smith-Midland by 24.0% in the second quarter. Thompson Davis & CO. Inc. now owns 2,245,903 shares of the company's stock valued at $75,373,000 after buying an additional 433,968 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Smith-Midland during the second quarter worth approximately $211,000. Finally, CWM LLC grew its position in shares of Smith-Midland by 1,300.0% during the third quarter. CWM LLC now owns 1,064 shares of the company's stock worth $39,000 after acquiring an additional 988 shares during the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.
Smith-Midland Company Profile
(
Get Free Report)
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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