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NYSEAMERICAN:FRD

Friedman Industries (FRD) Stock Price, News & Analysis

Friedman Industries logo
$15.85 -0.08 (-0.50%)
(As of 12:08 PM ET)

About Friedman Industries Stock (NYSEAMERICAN:FRD)

Key Stats

Today's Range
$15.81
$16.04
50-Day Range
N/A
52-Week Range
$13.40
$19.52
Volume
605 shs
Average Volume
16,696 shs
Market Capitalization
$110.47 million
P/E Ratio
13.90
Dividend Yield
1.01%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.

Friedman Industries Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
41st Percentile Overall Score

FRD MarketRank™: 

Friedman Industries scored higher than 41% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Friedman Industries.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Friedman Industries is 13.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Friedman Industries is 13.97, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.78.

  • Price to Book Value per Share Ratio

    Friedman Industries has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.06% of the float of Friedman Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Friedman Industries has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Friedman Industries has recently decreased by 18.00%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Friedman Industries has a dividend yield of 0.97%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Friedman Industries does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Friedman Industries is 14.04%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Friedman Industries' dividend.
  • Percentage of Shares Shorted

    0.06% of the float of Friedman Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Friedman Industries has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Friedman Industries has recently decreased by 18.00%, indicating that investor sentiment is improving significantly.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Friedman Industries this week, compared to 1 article on an average week.
  • Search Interest

    1 people have searched for FRD on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Friedman Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $36,695.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 4.60% of the stock of Friedman Industries is held by insiders.

  • Percentage Held by Institutions

    Only 33.26% of the stock of Friedman Industries is held by institutions.

  • Read more about Friedman Industries' insider trading history.
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FRD Stock News Headlines

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Friedman Industries, Incorporated Announces Cash Dividend
FRD Friedman Industries, Incorporated
See More Headlines

FRD Stock Analysis - Frequently Asked Questions

Friedman Industries' stock was trading at $18.74 at the start of the year. Since then, FRD shares have decreased by 15.0% and is now trading at $15.93.
View the best growth stocks for 2024 here
.

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) posted its quarterly earnings results on Tuesday, August, 14th. The company reported $0.51 earnings per share for the quarter. The company earned $48.19 million during the quarter. Friedman Industries had a trailing twelve-month return on equity of 6.32% and a net margin of 1.71%.

Friedman Industries' top institutional shareholders include De Lisle Partners LLP (6.02%), Geode Capital Management LLC (1.01%), Callahan Advisors LLC (0.75%) and Empowered Funds LLC (0.50%). Insiders that own company stock include Mike J Taylor, Joe L Williams, Max Alan Reichenthal, Durga D Agrawal, Alex Larue, Joel Spira and Sandra Kay Scott.
View institutional ownership trends
.

Shares of FRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Friedman Industries investors own include Main Street Capital (MAIN), Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM), British American Tobacco (BTI), Hercules Capital (HTGC), ONEOK (OKE) and AGNC Investment (AGNC).

Company Calendar

Last Earnings
8/14/2018
Ex-Dividend for 11/15 Dividend
10/25/2024
Dividend Payable
11/15/2024
Today
12/24/2024
Ex-Dividend for 2/14 Dividend
1/17/2025
Dividend Payable
2/14/2025
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
Steel Works
Current Symbol
NYSEAMERICAN:FRD
Employees
100
Year Founded
N/A

Profitability

Net Income
$17.34 million
Pretax Margin
2.30%

Debt

Sales & Book Value

Annual Sales
$516.25 million
Cash Flow
$2.83 per share
Book Value
$18.27 per share

Miscellaneous

Free Float
6,646,000
Market Cap
$111.03 million
Optionable
Not Optionable
Beta
1.41
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This page (NYSEAMERICAN:FRD) was last updated on 12/24/2024 by MarketBeat.com Staff
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