Tim Scott Stevenson Acquires 1,500 Shares of Friedman Industries, Incorporated (NYSEAMERICAN:FRD) Stock

Friedman Industries, Incorporated (NYSEAMERICAN:FRD - Get Free Report) Director Tim Scott Stevenson bought 1,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was purchased at an average cost of $17.23 per share, for a total transaction of $25,845.00. Following the acquisition, the director now owns 28,675 shares of the company's stock, valued at approximately $494,070.25. This represents a 5.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Friedman Industries Trading Up 3.6 %

Shares of FRD stock traded up $0.60 on Friday, hitting $17.50. The stock had a trading volume of 24,979 shares, compared to its average volume of 15,180. The company has a market capitalization of $121.98 million, a PE ratio of 15.35 and a beta of 1.40. Friedman Industries, Incorporated has a 52-week low of $13.40 and a 52-week high of $19.52.

Friedman Industries (NYSEAMERICAN:FRD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.10) EPS for the quarter. Friedman Industries had a net margin of 1.71% and a return on equity of 6.32%. The company had revenue of $106.76 million for the quarter.

Friedman Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 17th were issued a dividend of $0.04 per share. The ex-dividend date was Friday, January 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.91%. Friedman Industries's dividend payout ratio (DPR) is 14.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Friedman Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th.

Institutional Trading of Friedman Industries

A number of large investors have recently modified their holdings of the company. De Lisle Partners LLP increased its holdings in shares of Friedman Industries by 2.9% in the 3rd quarter. De Lisle Partners LLP now owns 419,816 shares of the company's stock worth $6,644,000 after acquiring an additional 11,689 shares during the period. LSV Asset Management grew its position in Friedman Industries by 21.1% in the 4th quarter. LSV Asset Management now owns 72,700 shares of the company's stock valued at $1,112,000 after buying an additional 12,663 shares in the last quarter. Geode Capital Management LLC grew its position in Friedman Industries by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 70,727 shares of the company's stock valued at $1,133,000 after buying an additional 7,141 shares in the last quarter. Callahan Advisors LLC grew its position in Friedman Industries by 3.3% in the 4th quarter. Callahan Advisors LLC now owns 53,846 shares of the company's stock valued at $823,000 after buying an additional 1,712 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Friedman Industries by 5.0% in the 4th quarter. Empowered Funds LLC now owns 36,629 shares of the company's stock valued at $560,000 after buying an additional 1,751 shares in the last quarter. Institutional investors and hedge funds own 33.26% of the company's stock.

Friedman Industries Company Profile

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils.