Wall Street Zen Upgrades Smith-Midland (NASDAQ:SMID) to Buy

Smith-Midland (NASDAQ:SMID - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.Get Smith-Midland alerts:Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Smith-Midland in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".Check Out Our Latest Research Report on SMIDSmith-Midland Trading Up 5.7%Shares of SMID stock opened at $33.98 on Friday. The stock has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $34.75. Smith-Midland has a fifty-two week low of $25.60 and a fifty-two week high of $43.66. The stock has a market capitalization of $180.43 million, a P/E ratio of 14.46 and a beta of 1.89. The company has a quick ratio of 2.33, a current ratio of 2.76 and a debt-to-equity ratio of 0.08. Smith-Midland (NASDAQ:SMID - Get Free Report) last announced its earnings results on Tuesday, April 14th. The company reported $0.40 earnings per share 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 $23.11 million during the quarter. Hedge Funds Weigh In On Smith-MidlandA number of hedge funds and other institutional investors have recently modified their holdings of SMID. Rhumbline Advisers boosted its position in shares of Smith-Midland by 9.6% in 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 period. Tower Research Capital LLC TRC increased 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 purchasing an additional 1,487 shares during the period. 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 purchasing an additional 988 shares during the period. Berman McAleer LLC acquired a new position in shares of Smith-Midland in the 3rd quarter valued at about $214,000. Finally, Thompson Davis & CO. Inc. increased its holdings in shares of Smith-Midland by 3.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,832,843 shares of the company's stock valued at $67,632,000 after purchasing an additional 58,981 shares during the period. Institutional investors and hedge funds own 49.94% of the company's stock. Smith-Midland Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Smith-MidlandThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Smith-Midland Right Now?Before you consider Smith-Midland, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smith-Midland wasn't on the list.While Smith-Midland currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here