Smith-MidlandSMID
SMID
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
27% more capital invested
Capital invested by funds: $83.3M [Q2] → $105M (+$22.1M) [Q3]
14% more funds holding
Funds holding: 49 [Q2] → 56 (+7) [Q3]
2.39% more ownership
Funds ownership: 56.73% [Q2] → 59.12% (+2.39%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SMID.
Financial journalist opinion
Neutral
Accesswire
2 weeks ago
Smith-Midland Receives Over $8M in J-J Hooks Barrier Rental Contracts in Virginia
MIDLAND, VA / ACCESSWIRE / December 3, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems has begun renting its J-J Hooks precast concrete barrier to the Virginia Department of Transportation (VDOT), as part of three separate projects in Virginia. The total value of the projects through its Concrete Safety Systems (CSS) rental division is over $8 million.
Positive
Zacks Investment Research
1 month ago
Smith-Midland Q3 Earnings Skyrocket 146% Y/Y, Revenues Soar 51%
Smith-Midland posts Q3 revenues of $23.6 million, driven by service growth and higher margins, boosting earnings per share to 59 cents.
Neutral
Accesswire
1 month ago
Smith-Midland to Present and Host 1x1 Investor Meetings at the 16th Annual Southwest IDEAS Investor Conference on November 21st
MIDLAND, VA / ACCESSWIRE / November 15, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland, will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. The company's presentation is scheduled to begin at 10:00am CT.
Neutral
Accesswire
1 month ago
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.
Positive
Seeking Alpha
2 months ago
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.
Neutral
Zacks Investment Research
4 months ago
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.
Neutral
Accesswire
4 months ago
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.
Positive
Zacks Investment Research
5 months ago
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.
Neutral
Accesswire
5 months ago
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).
Positive
Zacks Investment Research
5 months ago
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.
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