Thompson Davis & CO. Inc. Has $59.53 Million Stock Position in Smith-Midland Corp. $SMID

Thompson Davis & CO. Inc. decreased its holdings in Smith-Midland Corp. (NASDAQ:SMID) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,773,862 shares of the company’s stock after selling 38,073 shares during the quarter. Smith-Midland accounts for approximately 31.0% of Thompson Davis & CO. Inc.’s holdings, making the stock its biggest position. Thompson Davis & CO. Inc. owned approximately 0.33% of Smith-Midland worth $59,531,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Smith-Midland by 495.7% during the second 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. Los Angeles Capital Management LLC purchased a new stake in Smith-Midland in the second quarter worth approximately $370,000. Y Intercept Hong Kong Ltd bought a new stake in Smith-Midland in the 2nd quarter worth approximately $238,000. DAVENPORT & Co LLC purchased a new stake in Smith-Midland during the 2nd quarter valued at $211,000. Finally, Rhumbline Advisers lifted its holdings in shares of 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 buying an additional 372 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Smith-Midland Price Performance

NASDAQ SMID opened at $34.05 on Friday. The business’s fifty day moving average is $35.92 and its 200 day moving average is $36.22. Smith-Midland Corp. has a fifty-two week low of $25.13 and a fifty-two week high of $49.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.33 and a current ratio of 2.76. The company has a market capitalization of $180.47 million, a PE ratio of 15.34 and a beta of 1.81.

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

Analyst Ratings Changes

SMID has been the subject of several research analyst reports. Wall Street Zen lowered Smith-Midland from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Smith-Midland in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Smith-Midland Profile

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.