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Basic Materials - Construction Materials - NASDAQ - US
$ 40.55
18.9 %
$ 217 M
Market Cap
46.61
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one SMID stock under the base case scenario is HIDDEN Compared to the current market price of 40.5 USD, Smith-Midland Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SMID

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FINANCIALS
59.6 M REVENUE
18.85%
1.12 M OPERATING INCOME
30.91%
795 K NET INCOME
-0.62%
7.73 M OPERATING CASH FLOW
222.07%
-4.66 M INVESTING CASH FLOW
-77.27%
-619 K FINANCING CASH FLOW
-28.15%
23.6 M REVENUE
20.08%
3.85 M OPERATING INCOME
43.96%
3.15 M NET INCOME
59.01%
3.87 M OPERATING CASH FLOW
43.07%
-2.02 M INVESTING CASH FLOW
2.13%
-131 K FINANCING CASH FLOW
17.61%
Balance Sheet Decomposition Smith-Midland Corporation
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Current Assets 33.3 M
Cash & Short-Term Investments 9.18 M
Receivables 17.7 M
Other Current Assets 6.42 M
Non-Current Assets 28 M
Long-Term Investments 0
PP&E 27.7 M
Other Non-Current Assets 343 K
Current Liabilities 16 M
Accounts Payable 7.34 M
Short-Term Debt 722 K
Other Current Liabilities 7.96 M
Non-Current Liabilities 11.2 M
Long-Term Debt 5.09 M
Other Non-Current Liabilities 6.08 M
EFFICIENCY
Earnings Waterfall Smith-Midland Corporation
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Revenue 59.6 M
Cost Of Revenue 48.9 M
Gross Profit 10.7 M
Operating Expenses 9.53 M
Operating Income 1.12 M
Other Expenses 323 K
Net Income 795 K
RATIOS
17.88% GROSS MARGIN
17.88%
1.88% OPERATING MARGIN
1.88%
1.33% NET MARGIN
1.33%
2.33% ROE
2.33%
1.30% ROA
1.30%
1.68% ROIC
1.68%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Smith-Midland Corporation
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Net Income 795 K
Depreciation & Amortization 2.4 M
Capital Expenditures -5.01 M
Stock-Based Compensation 375 K
Change in Working Capital 4.96 M
Others 4.5 M
Free Cash Flow 2.72 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Smith-Midland Corporation
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SMID has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.055 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Smith-Midland Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
48.7 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
Jun 14, 2024
Sell 48.7 K USD
Gerhardt Richard
Director
- 1334
36.5 USD
1 year ago
Jun 07, 2023
Sell 22.7 K USD
TAYLOR WESLEY A
Director
- 1300
17.44 USD
1 year ago
Jun 08, 2023
Sell 65 K USD
TAYLOR WESLEY A
Director
- 3700
17.567 USD
3 years ago
Sep 08, 2021
Bought 19.5 K USD
SMITH ASHLEY B
+ 1100
17.75 USD
3 years ago
Aug 30, 2021
Sell 5.73 K USD
SMITH RODNEY I
- 300
19.1 USD
3 years ago
Aug 25, 2021
Sell 1.96 K USD
SMITH RODNEY I
Director
- 103
19 USD
3 years ago
Aug 26, 2021
Sell 16.5 K USD
SMITH RODNEY I
Director
- 867
19.0212 USD
3 years ago
Aug 27, 2021
Sell 134 K USD
SMITH RODNEY I
Director
- 7033
19.1003 USD
3 years ago
Aug 20, 2021
Sell 15.3 K USD
SMITH RODNEY I
- 800
19.1283 USD
3 years ago
Aug 23, 2021
Sell 47.7 K USD
SMITH RODNEY I
- 2500
19.0658 USD
3 years ago
Aug 17, 2021
Sell 9.52 K USD
SMITH RODNEY I
- 500
19.04 USD
3 years ago
Aug 18, 2021
Sell 515 K USD
SMITH RODNEY I
- 27059
19.0158 USD
3 years ago
Aug 19, 2021
Sell 76.1 K USD
SMITH RODNEY I
- 4000
19.0203 USD
3 years ago
Aug 13, 2021
Sell 3.8 K USD
SMITH RODNEY I
- 200
19.025 USD
3 years ago
Jul 21, 2021
Sell 74.4 K USD
SMITH RODNEY I
- 3900
19.08 USD
4 years ago
Jun 08, 2020
Bought 20.1 K USD
SMITH ASHLEY B
+ 4200
4.79 USD
4 years ago
Dec 13, 2019
Bought 786 USD
Krick Adam Jay
+ 130
6.05 USD
4 years ago
Dec 12, 2019
Bought 160 USD
Krick Adam Jay
+ 25
6.38 USD
4 years ago
Dec 11, 2019
Bought 6.25 K USD
Bruner James Russell
+ 1000
6.25 USD
4 years ago
Dec 10, 2019
Bought 31.2 K USD
Bruner James Russell
+ 5000
6.25 USD
4 years ago
Dec 06, 2019
Bought 19.8 K USD
SMITH ASHLEY B
+ 3000
6.61 USD
5 years ago
Dec 10, 2018
Bought 3 K USD
Krick Adam Jay
+ 390
7.69 USD
5 years ago
Dec 07, 2018
Bought 9.8 K USD
SMITH ASHLEY B
+ 1275
7.69 USD
7 years ago
Oct 31, 2017
Sell 7.9 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.9 USD
7 years ago
Sep 28, 2017
Sell 7.8 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.8 USD
7 years ago
Sep 29, 2017
Sell 8 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
8 USD
7 years ago
Sep 18, 2017
Sell 7.4 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.4 USD
7 years ago
Sep 19, 2017
Sell 7.55 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.55 USD
7 years ago
Sep 20, 2017
Sell 7.55 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.55 USD
7 years ago
Sep 13, 2017
Sell 7.75 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.75 USD
7 years ago
Sep 14, 2017
Sell 7.75 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.75 USD
7 years ago
Aug 01, 2017
Sell 23.2 K USD
SMITH RODNEY I
Chairman, CEO and President
- 3000
7.75 USD
7 years ago
Jul 19, 2017
Sell 12.9 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1700
7.59 USD
7 years ago
Jul 24, 2017
Sell 7.75 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.75 USD
7 years ago
Jul 25, 2017
Sell 15.6 K USD
SMITH RODNEY I
Chairman, CEO and President
- 2000
7.78 USD
7 years ago
Jul 20, 2017
Sell 7.65 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.65 USD
7 years ago
Jul 21, 2017
Sell 7.7 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1000
7.7 USD
7 years ago
Jul 18, 2017
Sell 15.3 K USD
SMITH RODNEY I
Chairman, CEO and President
- 2000
7.65 USD
7 years ago
Jul 14, 2017
Sell 8.37 K USD
SMITH RODNEY I
Chairman, CEO and President
- 1100
7.61 USD
7 years ago
Jul 12, 2017
Sell 23 K USD
SMITH RODNEY I
Chairman, CEO and President
- 3000
7.66 USD
7 years ago
Jul 10, 2017
Sell 76.3 K USD
SMITH RODNEY I
Chairman, CEO and President
- 10000
7.63 USD
7 years ago
Jul 11, 2017
Sell 21.3 K USD
SMITH RODNEY I
Chairman, CEO and President
- 2800
7.6 USD
7 years ago
May 22, 2017
Sell 20.2 K USD
TAYLOR WESLEY A
Director
- 2683
7.53 USD
7 years ago
May 23, 2017
Sell 53.5 K USD
TAYLOR WESLEY A
Director
- 7108
7.53 USD
7 years ago
May 25, 2017
Sell 43.3 K USD
TAYLOR WESLEY A
Director
- 5692
7.6 USD
7 years ago
May 26, 2017
Sell 34.8 K USD
TAYLOR WESLEY A
Director
- 4600
7.56 USD
7 years ago
Dec 08, 2016
Sell 19.4 K USD
SMITH ASHLEY B
President
- 4000
4.85 USD
7 years ago
Dec 08, 2016
Sell 12.7 K USD
SMITH ASHLEY B
President
- 2650
4.8 USD
8 years ago
Feb 04, 2016
Sell 395 K USD
Tall Cotton Partners, LLC
10 percent owner
- 180166
2.19 USD
8 years ago
Nov 30, 2015
Sell 39.9 K USD
TAYLOR WESLEY A
Vice President
- 11900
3.35 USD
8 years ago
Nov 30, 2015
Sell 30.9 K USD
TAYLOR WESLEY A
Vice President
- 9100
3.4 USD
10 years ago
Mar 28, 2014
Sell 85.5 K USD
WRIGHT DAVID W
10 percent owner
- 39000
2.192 USD
10 years ago
Mar 28, 2014
Sell 59.2 K USD
WRIGHT DAVID W
10 percent owner
- 27000
2.192 USD
10 years ago
Nov 27, 2013
Sell 16.9 K USD
SMITH ASHLEY B
President
- 8600
1.96 USD
10 years ago
Nov 27, 2013
Sell 2.57 K USD
SMITH ASHLEY B
President
- 1300
1.98 USD
10 years ago
Nov 27, 2013
Sell 201 USD
SMITH ASHLEY B
President
- 100
2.01 USD
11 years ago
Jun 14, 2013
Sell 9.18 K USD
TAYLOR WESLEY A
Vice President
- 5367
1.71 USD
13 years ago
Nov 23, 2010
Sell 2.01 K USD
TAYLOR WESLEY A
Vice President
- 1100
1.83 USD
13 years ago
Nov 26, 2010
Sell 366 USD
TAYLOR WESLEY A
Vice President
- 200
1.83 USD
14 years ago
Dec 02, 2009
Sell 6.26 K USD
SMITH ASHLEY B
Vice President
- 4500
1.39 USD
14 years ago
Dec 02, 2009
Sell 3.75 K USD
SMITH ASHLEY B
Vice President
- 2500
1.5 USD
16 years ago
Nov 21, 2008
Bought 9.82 K USD
SMITH RODNEY I
Chief Executive Officer
+ 17600
0.558 USD
17 years ago
Jun 07, 2007
Sell 1.04 K USD
SMITH ASHLEY B
Vice President
- 500
2.08 USD
17 years ago
Jun 07, 2007
Sell 7.07 K USD
SMITH ASHLEY B
Vice President
- 3450
2.05 USD
17 years ago
Jun 07, 2007
Sell 7.77 K USD
SMITH ASHLEY B
Vice President
- 3700
2.1 USD
18 years ago
Feb 09, 2006
Sell 6.28 K USD
KAVOUNIS ANDREW G
Director
- 2000
3.14 USD
18 years ago
Feb 09, 2006
Sell 4.62 K USD
KAVOUNIS ANDREW G
Director
- 1500
3.08 USD
18 years ago
Feb 09, 2006
Sell 4.58 K USD
KAVOUNIS ANDREW G
Director
- 1500
3.05 USD
19 years ago
Aug 31, 2005
Sell 6.3 K USD
SMITH ASHLEY B
Vice President
- 2000
3.15 USD
19 years ago
Jul 29, 2005
Sell 2.94 K USD
TAYLOR WESLEY A
Vice President
- 1300
2.26 USD
19 years ago
Jul 29, 2005
Sell 1.35 K USD
TAYLOR WESLEY A
Vice President
- 600
2.25 USD
19 years ago
Aug 31, 2005
Sell 14 K USD
TAYLOR WESLEY A
Vice President
- 5000
2.8 USD
19 years ago
Jul 26, 2005
Sell 6.98 K USD
TAYLOR WESLEY A
Vice President
- 3100
2.25 USD
19 years ago
Jul 26, 2005
Sell 2.26 K USD
TAYLOR WESLEY A
Vice President
- 1000
2.26 USD
19 years ago
Jul 22, 2005
Sell 4.12 K USD
TAYLOR WESLEY A
Vice President
- 2000
2.06 USD
19 years ago
Jul 22, 2005
Sell 2.02 K USD
TAYLOR WESLEY A
Vice President
- 1000
2.02 USD
19 years ago
Jul 22, 2005
Sell 1 K USD
TAYLOR WESLEY A
Vice President
- 500
2.01 USD
19 years ago
Jul 22, 2005
Sell 7.17 K USD
TAYLOR WESLEY A
Vice President
- 3500
2.05 USD
19 years ago
Jun 23, 2005
Sell 9.75 K USD
TAYLOR WESLEY A
Vice President
- 6500
1.5 USD
7. News
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. accesswire.com - 2 days 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. seekingalpha.com - 3 weeks ago
Diversify Your SMID Exposure With Actively-Managed NBSM Investors looking to the potential of small- and midcap (SMID) performance in a declining rate environment would do well to consider the Neuberger Berman Small-Mid Cap ETF (NBSM). The actively managed fund offers diversified exposure when compared to the Russell 2500 Index benchmark. etftrends.com - 4 weeks ago
More Than Rate Cut Hype: This SMID-Cap ETF Offers Long-Term Upside Many investors likely recognize by now the brightened outlook that rate cuts have provided for SMID-cap and midcap equities. That's been borne out by some recent upswings for those categories. etftrends.com - 1 month ago
Look to This Outperforming SMID-Cap ETF as Rate Cuts Loom The rate-cut story looks better and better, seemingly by the week. While markets are not in the business of locked-in future predictions, many investor eyes are locked on the potential for cuts. etftrends.com - 2 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. zacks.com - 3 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. accesswire.com - 3 months ago
3 Funds for Bullish SMID Investors Small cap stocks experienced a flux of inflows in mid-July as investor rate cut hopes soared. Fidelity offers three actively managed ETFs for investors looking for opportunity in the SMID (small and mid cap) space. etftrends.com - 3 months ago
This Active SMID-Cap ETF Doubled Its AUM in Just 6 Months Active ETFs are continuing to grow their share of ETF and active assets this year, contributing significantly to the growth of ETFs overall. Active strategies offer some real synergies with the ETF wrapper, but not all active ETFs are the same. etftrends.com - 3 months ago
Fill Gaps in SMID-Cap Exposure With XMHQ and XSHQ Investors may want to consider filling any gaps in smid-cap exposure. Many investors may be missing out on the growth potential mid- and small-cap companies. etftrends.com - 3 months ago
This SMID Cap ETF Outperformed SPY Over the Last Month SPY may be the landmark ETF many investors know about, but it isn't the be-all, end-all in the space. Plenty of ETFs can complement the strategy, offering a different view away from the mega-cap-heavy S&P 500. etftrends.com - 3 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. zacks.com - 4 months ago
8. Profile Summary

Smith-Midland Corporation SMID

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COUNTRY US
INDUSTRY Construction Materials
MARKET CAP $ 217 M
Dividend Yield 0.00%
Description 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. The company also provides 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 to absorb highway noise; Beach Prisms, an erosion control module for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding. In addition, it licenses its proprietary products in Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. The company markets its products through in-house sales force and independent sales representatives to contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. Smith-Midland Corporation was incorporated in 1960 and is based in Midland, Virginia.
Contact 5119 Catlett Road, Midland, VA, 22728 https://smithmidland.com
IPO Date Dec. 13, 1995
Employees 172
Officers Mr. Arthur X. Miles President of Easi-Set Worldwide & Advisor Mr. Ashley B. Smith Chairman of the Board of Directors, President & Chief Executive Officer Mr. Edward G. Broenniman Advisor Mr. Matthew I. Smith Vice President of Sales & Marketing, President of Concrete Safety Systems and Director