Smith Midland director buys $54,300 in company stock

Smith Midland Corp. director Matthew I. Smith purchased 2,000 shares of the company's common stock on September 2, 2026, for a total of $54,300, or $27.15 per share, in an open-market transaction. The stock trades near its 52-week low of $24.63 and has fallen 27% year-to-date. InvestingPro analysis considers SMID undervalued based on fair value, and the company maintains a "GREAT" financial health score with profitability over the past 12 months. The filing notes this is a correction reflecting an open-market purchase, not a grant. Following the transaction, Smith directly holds 12,205 shares. Smith Midland recently began producing underground pre-cast electrical boxes and manholes for a Virginia data center project, with deliveries scheduled through 2026. The company also secured three Virginia transportation infrastructure contracts exceeding $2.7 million, involving over 100,000 linear feet of pre-cast concrete products.