Posted by admin on Jul 27th, 2022

Truist Financial Corp purchased a new stake in Smith-Midland Co. (OTCMKTS:SMID – Get Rating) during the 1st quarter, HoldingsChannel reports. The fund purchased 30,300 shares of the construction company’s stock, valued at approximately $538,000.

Several other institutional investors have also bought and sold shares of the stock. King Luther Capital Management Corp acquired a new stake in Smith-Midland in the 4th quarter valued at $1,126,000. Rice Hall James & Associates LLC acquired a new stake in Smith-Midland in the 4th quarter valued at $1,695,000. Acadian Asset Management LLC boosted its stake in Smith-Midland by 4.9% in the 4th quarter. Acadian Asset Management LLC now owns 19,904 shares of the construction company’s stock valued at $935,000 after buying an additional 923 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Smith-Midland in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 38.12% of the company’s stock.

Smith-Midland stock opened at $14.49 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.93 and a current ratio of 2.16. The firm has a market cap of $75.76 million, a P/E ratio of 16.47 and a beta of 1.00. The business’s fifty day moving average is $14.57 and its two-hundred day moving average is $19.21. Smith-Midland Co. has a 52 week low of $12.88 and a 52 week high of $47.99.

Smith-Midland (OTCMKTS:SMID – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The construction company reported ($0.02) EPS for the quarter. The business had revenue of $10.44 million during the quarter. Smith-Midland had a return on equity of 8.02% and a net margin of 10.00%.

Separately, TheStreet lowered Smith-Midland from a “b-” rating to a “c” rating in a research note on Monday, June 6th.

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.

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