Smith-Midland Corporation (SMID)

Over the past six months, Smith-Midland Corp.'s stock price has decreased by 2.73%. The company secured several contracts, including a $1.9 million contract for noise wall systems, a $1.84 million contract for J-J Hooks barriers, and over $1 million in utility vaults for a data center. The company reported Q3 2025 earnings, with product sales increasing by 11% despite a slight decline in overall revenue, and a record nine-month net income, however the stock fell after reporting weak Q3 earnings and softer rentals. Director Richard Gerhardt sold 666 shares of common stock. The company regained Nasdaq compliance with its 10-K filing.

Demand for Smith-Midland Corp.'s products and services experiences seasonality, with revenues sometimes dipping during the winter months due to lower construction activity. The company's performance is tied to infrastructure spending and the construction sector's health. Smith-Midland anticipates continued growth driven by infrastructure initiatives and increased demand for its proprietary products.

Smith-Midland Corp. is a Virginia-based manufacturer specializing in precast concrete products and systems, operating within the Basic Materials sector. Its major products include SlenderWall lightweight construction panels, Sierra Wall, J-J Hooks highway safety barriers, Easi-Set precast buildings and Easi-Span expandable precast buildings, Easi-Set utility vaults, SoftSound soundwall panels, Beach Prisms erosion control modules, H2Out secondary drainage systems, and other products like retaining walls and decorative site furnishings.

Smith-Midland Corp. is headquartered in Midland, Virginia, with manufacturing plants spanning the East Coast from New York to Atlanta, including facilities in Virginia, North Carolina, and South Carolina. The company licenses its products in the United States, Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad.

Smith-Midland Corp. maintains a positive brand reputation through ISO 9001 certification and national certifications from the Precast/Prestressed Concrete Institute and National Precast Concrete Association. The company is recognized for innovation and leadership in the precast concrete industry. CEO Ashley Smith was named to the Virginia 500 Power List in September 2025. Recent contract awards solidify its reputation as an industry leader providing resilient infrastructure solutions.

As of February 3, 2026, Smith-Midland Corporation has 122 institutional owners and shareholders holding a total of 3,475,948 shares, representing 49.94% of the stock. Major institutional owners include Thompson Davis & Co., Inc., Vanguard Group Inc., and Needham Investment Management Llc. Director Richard Gerhardt sold shares in November 2025.