Smith-Midland
SMID
Market cap $182M

34.10 USD

-3.09

8.31%

At close Nov 14, 4:00 PM EST

1 day

-8.31%

5 days

-6.93%

1 month

3.43%

3 months

19.65%

6 months

1.82%

Year to date

-13.39%

1 year

37.56%

5 years

322.03%

10 years

322.03%

About: Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets, sells, and installs precast concrete products for primary use in the construction, highway, utilities, and farming industries. The firm's customers are general contractors and federal, state, and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra Wall and Easi set. A substantial portion of the company's business is derived from local, state, and federal building projects. The company generates revenues predominantly from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility, and farming industries.

Employees: 232

Materials Concrete Products, Except Block & Brick

0

Funds holding %

of 6,759 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

11% more funds holding

Funds holding: 44 [Q1] → 49 (+5) [Q2]

3.85% more ownership

Funds ownership: 52.88% [Q1] → 56.73% (+3.85%) [Q2]

36% less capital invested

Capital invested by funds: $131M [Q1] → $83.3M (-$47.4M) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for SMID.

See Analyst Rankings

Financial journalist opinion

Smith-Midland Reports Third Quarter 2024 Financial Results

Record Quarterly Revenue of $23.6 Million, 51 Percent Increase from Prior Year MIDLAND, VA / ACCESSWIRE / November 14, 2024 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its third quarter results for the period ended September 30, 2024. Third Quarter 2024 Summary (compared to comparable prior-year quarter) Revenue increased 51 percent to $23.6 million Product sales of $10.8 versus $10.9 million Service revenue increased 170 percent to $12.8 million Operating income of $3.8 million, compared to $1.5 million Net income of $3.2 million, or $0.59 per diluted share, compared to $1.3 million or $0.24 per diluted share Awarded provisional patent and successfully crash tested J-J Hook MASH 16 Low-Profile Barrier "Our third quarter was a record-setter for both revenue and net income, driven by the tailwinds within our sector and multiple special barrier projects, occurring and completed in the quarter, which have a more favorable margin profile," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland.

Smith-Midland Reports Third Quarter 2024 Financial Results

Comparing SMID INTL Equity ETFs: Sell GWX, Buy DFIS

International Small Cap stocks currently offer better valuation compared to US Small-Cap stocks, as indicated by ETF comparisons. GWX ranks last in the Foreign Small/Mid Blend category, earning a Strong Sell rating due to poor relative performance. DFIS, the top-ranked ETF gets a Buy rating. This article reviews both GWX's and DFIS's current holdings, and then explores the reason why their returns vary so much.

Comparing SMID INTL Equity ETFs: Sell GWX, Buy DFIS

Zacks Investment Research

Smith-Midland (SMID) Earnings & Revenues Rise Y/Y in Q2

Increased production and higher sales volumes across multiple product lines aid Smith-Midland's (SMID) earnings in Q2.

Smith-Midland (SMID) Earnings & Revenues Rise Y/Y in Q2

Smith-Midland Reports Second Quarter 2024 Financial Results

Quarterly Revenue Increased 32% to Record $19.5 Million MIDLAND, VA / ACCESSWIRE / August 14, 2024 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its second quarter results for the period ended June 30, 2024. Second Quarter 2024 Summary (compared to prior-year second quarter) Revenue increased 34 percent to $19.6 million Product sales increased 23 percent to $13.1 million Service revenue increased 63 percent to $6.5 million Operating income of $2.7 million, compared to loss of ($981,000) Net income of $2.0 million, or $0.37 per diluted share compared to net loss of ($782,000) or ($0.15) per share Awarded $7.5 million contract from Georgia Department of Transportation Added to Russell 2000 and 3000 stock indexes "Our second quarter performance included a record for quarterly revenue and our best net income since the first quarter of 2021," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland.

Smith-Midland Reports Second Quarter 2024 Financial Results

Zacks Investment Research

3 Microcaps to Benefit from Federal Highway Spending

The IIJA (Infrastructure Investment and Jobs Act) is a $1.2 trillion investment over a five-year period.

3 Microcaps to Benefit from Federal Highway Spending

Easi-Set Worldwide Develops New J-J Hook(TM) MASH 16 Low-Profile Barrier

MIDLAND, VA / ACCESSWIRE / July 8, 2024 / Easi-Set Worldwide a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), has developed a J-J Hook™ Low-Profile Portable Concrete Barrier. The Company has been issued a provisional patent from the US Patent Office, has successfully crash-tested the barrier to the MASH 16 TL2 guidelines, and obtained a Federal Highway Association (FHWA) Letter of Eligibility (B-379).

Zacks Investment Research

Zacks Initiates Coverage of Smith-Midland With Neutral Recommendation

Discover why Zacks rates Smith-Midland (SMID) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore SMID's robust revenue growth and operational improvements amid significant risks, including rising material costs and dependency on a single customer.

Zacks Initiates Coverage of Smith-Midland With Neutral Recommendation

Smith-Midland Secures $7.5 Million Noise Wall Contract for Georgia Department of Transportation Project

COLUMBIA, SC / ACCESSWIRE / June 12, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been awarded a new $7.5 million precast concrete noise wall contract for a Georgia Department of Transportation (GDOT) project. Smith-Midland South Carolina will manufacture more than 4,700 precast noise wall panels, with an Ashlar stone finish on both sides, for the I-285/I-20 interchange project, which is well known for having some of the worst traffic congestion in the country.

Smith-Midland Secures $7.5 Million Noise Wall Contract for Georgia Department of Transportation Project

Smith-Midland Reports First Quarter 2024 Financial Results

Highest Quarterly Revenue of $16.8 Million; Backlog of $64.6 Million MIDLAND, VA / ACCESSWIRE / June 11, 2024 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its first quarter results for the period ended March 31, 2024. First Quarter 2024 Summary (compared to prior-year quarter) Revenue increased 30 percent to $16.8 million Product sales increased 30 percent to $10.8 million Service revenue increased 31 percent to $6.0 million Operating income of $1.5 million, compared to $54,000 Net income of $1.1 million, or $0.22 and $0.21 per basic and diluted share, respectively, compared to $80,000 or $0.02 per basic and diluted share Started construction to double the size of its North Carolina plant "We are off to a strong start in 2024, posting a 30 percent increase in revenue from the prior-year quarter and our highest quarterly revenue," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland.

Smith-Midland Reports First Quarter 2024 Financial Results

Smith-Midland Announces Receipt of Nasdaq Letter

MIDLAND, VA / ACCESSWIRE / April 24, 2024 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it received a letter dated April 19, 2024, from Nasdaq, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").

Smith-Midland Announces Receipt of Nasdaq Letter

See News Rankings

Charts implemented using Lightweight Charts™