Smith-MidlandSMID
Market Cap: $163M
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
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]
3.83% more ownership
Funds ownership: 52.77% [Q1] → 56.6% (+3.83%) [Q2]
36% less capital invested
Capital invested by funds: $130M [Q1] → $83.1M (-$47.3M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for SMID.