Smith Midland CEO Ashley Smith acquires $9,804 in company stock

Ashley B. Smith, Chief Executive Officer and a director at Smith Midland Corp (NASDAQ:SMID), acquired common stock in the company on December 7, 2018. Smith purchased a total of 1,275 shares for an aggregate value of $9,804, with shares transacting at a price of $7.69 each. The stock currently trades at $26.09, representing substantial appreciation since Smith’s purchase. The company, with a market cap of $139 million and a P/E ratio of 18, is currently considered undervalued according to InvestingPro analysis.

Following this transaction, Smith directly owns 173,042 shares of Smith Midland Corp common stock. InvestingPro subscribers have access to 7 additional exclusive tips about SMID, including insights on the company’s strong financial health rating of "GREAT."

In other recent news, Smith-Midland Corporation has embarked on a significant production project for a data center near Fredericksburg, Virginia. The company is manufacturing underground precast utility vaults and manholes, with deliveries planned through 2026. Additionally, Smith-Midland has secured contracts for three transportation infrastructure projects in Virginia, valued at over $2.7 million. These projects will involve the production and delivery of more than 100,000 linear feet of precast concrete products, including sound wall systems and retaining wall systems for roadway improvements.

In a separate development, Smith-Midland received a non-compliance notice from Nasdaq concerning a delayed filing of its quarterly report for the period ending March 31, 2026. The letter, dated May 29, 2026, highlighted a breach of listing rule 5250(c)(1), which requires timely submission of financial reports to the SEC. Despite this notice, the company’s stock listing on The Nasdaq Capital Market remains unaffected at this time.