Smith-Midland Corporation (NASDAQ: SMID) reported second-quarter 2026 revenue of $23.4 million, down from $26.2 million a year earlier. Net income was $1.4 million, or $0.26 per diluted share, compared with $4.2 million, or $0.79 per diluted share, in the prior-year quarter.
The company reported backlog of approximately $57.4 million as of August 1, 2026, up 19% from the prior quarter and 6% year over year.
- Gross profit was $5.4 million, compared with $7.8 million in the prior-year quarter.
- Operating income was $2.0 million, compared with $5.5 million a year earlier.
- Product sales totaled $11.2 million and service revenue totaled $12.2 million.
- Smith-Midland secured a $10 million I-81 contract with the Virginia Department of Transportation and was awarded a $1.7 million data center project in Louisiana.
- Cash totaled $10.7 million and debt totaled $4.1 million as of June 30, 2026.
$SMID Hedge Fund Activity
We have seen 22 institutional investors add shares of $SMID stock to their portfolio, and 28 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 35,330 shares (+21.9%) to their portfolio in Q2 2026, for an estimated $1,024,570
- THOMPSON DAVIS & CO., INC. removed 17,656 shares (-1.0%) from their portfolio in Q2 2026, for an estimated $512,024
- STIFEL FINANCIAL CORP removed 16,608 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $540,258
- MORGAN STANLEY added 9,940 shares (+76.8%) to their portfolio in Q2 2026, for an estimated $288,260
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 8,726 shares (+inf%) to their portfolio in Q2 2026, for an estimated $253,054
- GEODE CAPITAL MANAGEMENT, LLC added 6,842 shares (+8.3%) to their portfolio in Q2 2026, for an estimated $198,418
- CITADEL ADVISORS LLC added 6,369 shares (+inf%) to their portfolio in Q1 2026, for an estimated $207,183
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
