Smith-Midland (NASDAQ:SMID) Director Richard Gerhardt Sells 666 Shares

Smith-Midland Corp. (NASDAQ:SMID) Director Richard Gerhardt sold 666 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $33.26, for a total transaction of $22,151.16. Following the completion of the transaction, the director owned 5,137 shares of the company’s stock, valued at approximately $170,856.62. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Smith-Midland Price Performance

Smith-Midland stock traded up $0.85 during mid-day trading on Tuesday, hitting $33.52. The stock had a trading volume of 637 shares, compared to its average volume of 12,162. Smith-Midland Corp. has a one year low of $25.13 and a one year high of $51.96. The company has a current ratio of 2.88, a quick ratio of 2.44 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $177.82 million, a P/E ratio of 14.77 and a beta of 1.76. The firm’s 50 day moving average is $36.94 and its 200 day moving average is $35.99.

Smith-Midland (NASDAQ:SMID) last released its quarterly earnings data on Friday, November 14th. The company reported $0.54 earnings per share for the quarter. Smith-Midland had a return on equity of 27.32% and a net margin of 13.24%.The firm had revenue of $21.45 million during the quarter.

Hedge Funds Weigh In On Smith-Midland

Large investors have recently bought and sold shares of the business. CWM LLC increased its holdings in shares of Smith-Midland by 1,300.0% in the 3rd 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 boosted its holdings in shares of Smith-Midland by 495.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,787 shares of the company’s stock valued at $60,000 after buying an additional 1,487 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Smith-Midland by 9.6% during the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock worth $133,000 after acquiring an additional 372 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Smith-Midland by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,382 shares of the company’s stock valued at $162,000 after acquiring an additional 638 shares in the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Smith-Midland during the 2nd quarter valued at $211,000. Institutional investors own 49.94% of the company’s stock.

Analysts Set New Price Targets

SMID has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Smith-Midland in a research note on Thursday, November 13th. Wall Street Zen lowered Smith-Midland from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Smith-Midland

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.