Smith-Midland Corporation (SMID)

Over the past six months, Smith-Midland Corp. stock has increased by 38.06%. Recent events include securing over $2 million in SlenderWall projects in Virginia and New York on October 9, 2025, and a barrier rental contract exceeding $4 million for an I-64 project on September 30, 2025. CEO Ashley Smith was named to the Virginia 500 Power List on September 24, 2025. The company presented at the Midwest IDEAS Investor Conference on August 20, 2025, and reported its Second Quarter 2025 Financial Results on August 14, 2025. On June 10, 2025, an analysis upgraded Smith-Midland from 'sell' to 'hold' due to strong 2024 results and expectations for a favorable 2025.

Demand for Smith-Midland's products and services may experience seasonal fluctuations due to its involvement in construction, highway, utilities, and farming industries. Construction and highway projects typically increase during warmer months and slow down in colder weather. The company's focus on infrastructure spending and data center demand could also introduce demand patterns tied to project cycles and government funding.

Smith-Midland Corp. specializes in precast concrete products and systems, operating in the Non-Energy Minerals sector and Construction Materials industry. Its products, including SlenderWall panels, J-J Hooks highway barriers, Easi-Set buildings, utility vaults, SoftSound panels, Sierra Wall System, Beach Prisms, and cattle guards, are used in construction, highway, utilities, and farming industries. SlenderWall panels are lightweight, energy-efficient concrete and steel exterior wall panels. J-J Hooks are used for traffic control. Easi-Set buildings are transportable concrete buildings for various applications. Easi-Set Utility Vaults house equipment and provide underground storage. SoftSound panels mitigate highway noise. Sierra Wall System provides sound and sight barriers. Beach Prisms are used for seawalls and jetties. The company's founder developed the first precast concrete cattleguard. Other products include H2Out drainage systems, water tanks, manholes, box culverts, balconies, landings, and staircases.

Smith-Midland Corp. is headquartered in Midland, Virginia, with manufacturing plants on the East Coast, from New York to Atlanta, specifically in Midland, VA, Reidsville, NC, and Columbia, SC. Through Easi-Set Worldwide, it licenses products internationally, including in Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad. Its barrier rental services, via Concrete Safety Systems, primarily serve the Mid-Atlantic region.

Smith-Midland has a reputation for innovative, high-quality precast concrete products and superior service since 1960 and is recognized for quality, innovation, and customer satisfaction. In the past year, Smith-Midland achieved Gold Status in the ABC Safety Award Program. There is no information indicating negative events affecting the company's reputation in the past year.

Smith-Midland Corporation has significant institutional ownership, with 141 institutional owners holding 3,458,878 shares. Major institutional shareholders include Thompson Davis & Co., Inc., Vanguard Group Inc., Needham Investment Management Llc, BlackRock, Inc., and Geode Capital Management, Llc. Insiders also own a notable proportion of the company; as of April 2024, insider ownership was reported at 14.52%.