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Smith-Midland Corp (SMID)



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Upturn Advisory Summary
06/30/2025: SMID (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $
1 Year Target Price $
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 83.98% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 177.60M USD | Price to earnings Ratio 23.09 | 1Y Target Price - |
Price to earnings Ratio 23.09 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.62 | 52 Weeks Range 25.03 - 51.96 | Updated Date 06/29/2025 |
52 Weeks Range 25.03 - 51.96 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.45 |
Earnings Date
Report Date 2025-06-09 | When After Market | Estimate - | Actual - |
Profitability
Profit Margin 9.78% | Operating Margin (TTM) 10.08% |
Management Effectiveness
Return on Assets (TTM) 9.57% | Return on Equity (TTM) 20.22% |
Valuation
Trailing PE 23.09 | Forward PE - | Enterprise Value 174883886 | Price to Sales(TTM) 2.26 |
Enterprise Value 174883886 | Price to Sales(TTM) 2.26 | ||
Enterprise Value to Revenue 2.23 | Enterprise Value to EBITDA 13.76 | Shares Outstanding 5304610 | Shares Floating 4547948 |
Shares Outstanding 5304610 | Shares Floating 4547948 | ||
Percent Insiders 14.89 | Percent Institutions 60.92 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Smith-Midland Corp

Company Overview
History and Background
Smith-Midland Corporation was founded in 1960, initially focusing on agricultural precast concrete products. Over time, it expanded into a broader range of precast concrete solutions for construction, transportation, and other industries. The company has grown through organic expansion and strategic acquisitions, focusing on innovative products and sustainable practices.
Core Business Areas
- Precast Concrete Products: Designs, manufactures, and sells a wide variety of precast concrete products, including barriers, sound walls, structural components, and utility products.
- Construction Services: Provides installation and construction services related to its precast concrete products.
- Easi-Set Worldwide: Licenses its proprietary precast product designs and technologies to other manufacturers worldwide. This segment generates licensing fees and royalties.
Leadership and Structure
The leadership team consists of Glenn Wormser (President & CEO), Jeremy Wynes (CFO), and others in key management positions. The organizational structure comprises departments for sales, engineering, manufacturing, construction, and finance.
Top Products and Market Share
Key Offerings
- SlenderWall: A lightweight precast concrete panel system used in building construction. Market share data is not publicly disclosed, and competitors include AltusGroup and Gate Precast. Revenue is not available for specific products.
- J-J Hooks Highway Safety Barrier: Precast concrete highway safety barriers. Market share data is not publicly disclosed, and competitors include Trinity Highway Products and Hill and Smith Infrastructure. Revenue is not available for specific products.
- SoftSound Noise Barrier: A noise barrier system used for highway and construction projects. Market share data is not publicly disclosed, and competitors include Delta Bloc and Tensar International. Revenue is not available for specific products.
Market Dynamics
Industry Overview
The precast concrete industry is moderately competitive, driven by infrastructure development, building construction, and environmental regulations (e.g., noise reduction). The industry experiences cyclical trends related to economic growth and government spending.
Positioning
Smith-Midland Corp. is positioned as a provider of innovative and high-quality precast concrete solutions, with a focus on proprietary products and licensing. Its competitive advantages include its patented technologies, strong customer relationships, and established brand reputation.
Total Addressable Market (TAM)
The TAM for precast concrete products is estimated to be in the billions of USD annually. Smith-Midland Corp. is positioned to capture a portion of this TAM through its diverse product portfolio and geographic reach, although market size data is not publicly shared in detail.
Upturn SWOT Analysis
Strengths
- Proprietary product designs
- Strong brand reputation
- Established licensing program
- Experienced management team
- Vertically integrated operations
Weaknesses
- Reliance on cyclical construction markets
- Limited geographic diversification
- High capital expenditure requirements
- Sensitivity to raw material price fluctuations
- Smaller market capitalization compared to major peers
Opportunities
- Increased infrastructure spending
- Expansion into new geographic markets
- Development of new sustainable products
- Strategic acquisitions of complementary businesses
- Growth in licensing revenue
Threats
- Economic downturns
- Increased competition
- Rising raw material costs
- Changes in government regulations
- Technological obsolescence
Competitors and Market Share
Key Competitors
- TXI
- CRH
- Martin Marietta Materials (MLM)
Competitive Landscape
Smith-Midland competes with larger, more diversified companies in the precast concrete industry. Its competitive advantage lies in its proprietary products and licensing program, which allow it to differentiate itself from competitors.
Growth Trajectory and Initiatives
Historical Growth: Historical Growth Analysis Financial data is not included.
Future Projections: Future Projections Analysis Financial data is not included.
Recent Initiatives: Recent Initiatives Analysis Financial data is not included.
Summary
Smith-Midland is a niche player in the precast concrete industry with proprietary products. Strengths include its brand and licensing model, while weaknesses involve cyclical markets and limited scale. Opportunities arise from infrastructure spending and new markets, but threats include competition and economic risks. They are positioned well to capitalize on niche products and have great potential.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data is not included.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Smith-Midland Corp
Exchange NASDAQ | Headquaters Midland, VA, United States | ||
IPO Launch date 1995-12-13 | Chairman of the Board of Directors, President & CEO Mr. Ashley B. Smith | ||
Sector Basic Materials | Industry Building Materials | Full time employees 166 | Website https://smithmidland.com |
Full time employees 166 | Website https://smithmidland.com |
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems. The company offers SlenderWall lightweight construction panel, a lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, which are used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations; Easi-Set utility vaults for use in house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as manufactures custom-built utility vaults for special needs; SoftSound soundwall panels that absorbs highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding. It licenses its proprietary products in the United States, Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad. The company markets its products through in-house sales force and independent sales representatives; 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. It serves construction, highway, utilities, and farming industries. Smith-Midland Corporation was founded in 1960 and is based in Midland, Virginia.
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