Smith Midland CEO buys $53,740 in company stock

Smith Midland CEO Ashley Smith purchased 2,000 shares of company stock on September 1, 2026, totaling $53,740 in an open-market transaction. The shares were bought at $26.87 each, bringing Smith's direct holdings to 180,539 shares. The purchase occurred near the stock's 52-week low of $24.63, with shares down 36% over the past year. InvestingPro analysis suggests the stock is undervalued at current levels. The filing amended a prior report to correct the transaction type from grant to open-market purchase. The company recently began manufacturing underground utility vaults for a Virginia data center project and secured three transportation infrastructure contracts worth over $2.7 million.