Smith-Midland Corp. $SMID Stock Position Increased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. increased its stake in Smith-Midland Corp. (NASDAQ:SMID) by 3.3% in the third quarter, Holdings Channel reports. The institutional investor owned 1,832,843 shares of the company’s stock after acquiring an additional 58,981 shares during the period. Smith-Midland makes up about 41.7% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its biggest holding. Thompson Davis & CO. Inc. owned 0.35% of Smith-Midland worth $67,632,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SMID. CWM LLC raised its stake in shares of 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 acquiring an additional 988 shares during the period. Tower Research Capital LLC TRC grew its holdings in Smith-Midland by 495.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,787 shares of the company’s stock valued at $60,000 after purchasing an additional 1,487 shares during the last quarter. Rhumbline Advisers grew its holdings in Smith-Midland by 9.6% during the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock valued at $133,000 after purchasing an additional 372 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in Smith-Midland in the 2nd quarter worth about $211,000. Finally, Berman McAleer LLC bought a new stake in Smith-Midland in the third quarter worth about $214,000. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Trading Up 2.2%

SMID stock opened at $36.56 on Friday. The company has a market capitalization of $193.77 million, a PE ratio of 16.47 and a beta of 1.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.33. Smith-Midland Corp. has a 12 month low of $25.13 and a 12 month high of $43.66. The firm’s 50-day moving average is $35.42 and its 200 day moving average is $37.10.

Smith-Midland (NASDAQ:SMID) last issued its earnings results on Friday, November 14th. The company reported $0.54 EPS for the quarter. The business had revenue of $21.45 million for the quarter. Smith-Midland had a net margin of 13.27% and a return on equity of 25.08%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith-Midland in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Smith-Midland presently has an average rating of “Hold”.

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.