UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Item 1.

Security and Issuer

The class of equity securities to which this Schedule 13D relates is the common stock, $0.001 par value per share (“Common Stock”), of Meadow Valley Corporation, a Nevada corporation (the “Company”). The principal executive office of the Company is located at 4411 South 40th Street Suite D-11, Phoenix, AZ  85040.

Item 2.

Identity and Background

This Schedule 13D is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by Hoak Public Equities, L.P., a Texas limited partnership (“HPE”), Hoak Fund Management, L.P. (“HFM”), a Texas limited partnership (HPE’s general partner),  James M. Hoak & Co. (“Hoak & Co.”), a Texas corporation (HFM’s general partner) and James M. Hoak (Hoak & Co.’s controlling shareholder).  The address of the principal business and the principal office of HPE, HFM, Hoak & Co. and James M. Hoak is 500 Crescent Court, Suite 230, Dallas, Texas 75201. HPE is principally engaged in the business of acquiring, holding, voting and disposing of various public and private securities investments.

During the last five years, none of HPE, HFM, Hoak & Co. nor James M. Hoak, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3.

Source and Amount of Funds or Other Consideration

All purchases of Common Stock were made in open market transactions. The total amount of funds used for such purchases was $3,142,734.  All of the shares of Common Stock beneficially held by the Reporting Persons were paid for using working capital.

Item 4.

Purpose of Transaction

The Reporting Persons made the investment decision to acquire shares of Common Stock because they believe they are substantially undervalued and represent an attractive investment opportunity.  The Reporting Persons intend to monitor and evaluate the Issuer’s business, corporate governance and financial performance and will continue to communicate their opinions with the management and the Board of Directors of the Issuer. Accordingly, the Reporting Persons reserve the right to propose or take any or all of the actions set forth in subparagraphs (a)-(j) of Item 4 of Form Schedule 13D.

Item 5.

Interest in Securities of the Issuer

(a)    As of February 27, 2007, the Reporting Persons beneficially owned 273,924 shares of Common Stock, representing approximately 5.48% of the shares of Common Stock outstanding based upon the 4,998,416 shares of Common Stock reported by the Issuer to be outstanding as of February 27, 2007 in the Issuer’s Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2006 filed with the Securities and Exchange Commission (the “Commission”) on November 9, 2006 (the “Outstanding Shares”).

(b)    HPE, HFM, Hoak & Co. and James M. Hoak have shared power to vote or to direct the vote, shared power to dispose or to direct the disposition of 273,924 shares of Common Stock.

(c)    Schedule A annexed hereto lists all transactions in the Issuer’s Common Stock in the last 60 days by the Reporting Persons.

(d)    Inapplicable.

(e)    Inapplicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Inapplicable

Item 7.

Material to Be Filed as Exhibits

Inapplicable

Hoak Public Equities, L.P.

By Hoak Fund Management, L.P. (its general partner)

By James M. Hoak & Co. (its general partner)

By:

/s/ J. Hale Hoak

J. Hale Hoak

President

Hoak Fund Management, L.P.

By James M. Hoak & Co. (its general partner)

By:

/s/ J. Hale Hoak

J. Hale Hoak

President

James M. Hoak & Co.

By:

/s/ J. Hale Hoak

J. Hale Hoak

President

/s/ James M. Hoak

James M. Hoak (individually)

Dated: March 6, 2007

Date

Number of Shares Purchased (Sold)

Price per Share

Aggregate Price (1)

1/30/2007

1,500

$11.7467

$17,620.01

1/31/2007

992

$11.7419

$11,648.00

2/1/2007

500

$11.7480

$5,874.00

2/2/2007

20,000

$11.7881

$235,762.00

2/12/2007

9,899

$12.4375

$123,118.42

2/14/2007

2,309

$12.4495

$28,745.99

2/15/2007

500

$12.4000

$6,200.00

2/16/2007

1,000

$12.2000

$12,200.00

2/27/2007

31,924

$11.8537

$378,416.24