Omega Flex (OFLX) Stock Price, News & Analysis

Company Overview

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, fabricating distributors, wholesalers, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.

Key Stats

• Today's Range: $50.72 to $52.41
• 50-Day Range: $44.64 to $53.48
• 52-Week Range: $43.86 to $87.86
• Volume: 30,292 shs
• Average Volume: 21,620 shs
• Market Capitalization: $517.42 million
• P/E Ratio: 26.99
• Dividend Yield: 2.65%
• Price Target: N/A
• Consensus Rating: N/A

Omega Flex Stock Analysis - MarketRank™

Omega Flex scored higher than 45% of companies evaluated by MarketBeat, and ranked 143rd out of 180 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Omega Flex.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Omega Flex is 26.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.27.

Price to Earnings Ratio vs. Sector

The P/E ratio of Omega Flex is 26.99, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.12.

Price to Book Value per Share Ratio

Omega Flex has a P/B Ratio of 6.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.61% of the float of Omega Flex has been sold short.

Short Interest Ratio / Days to Cover

Omega Flex has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Omega Flex has recently increased by 2.16%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Omega Flex pays a meaningful dividend of 2.76%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Omega Flex has been increasing its dividend for 7 years.

Dividend Coverage

The dividend payout ratio of Omega Flex is 71.58%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.61% of the float of Omega Flex has been sold short.

Short Interest Ratio / Days to Cover

Omega Flex has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Omega Flex has recently increased by 2.16%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.06

News Sentiment

Omega Flex has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Omega Flex this week, compared to 1 article on an average week.

Search Interest

3 people have searched for OFLX on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Omega Flex insiders have not sold or bought any company stock.

Percentage Held by Insiders

65.20% of the stock of Omega Flex is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 36.06% of the stock of Omega Flex is held by institutions.

OFLX Stock Analysis - Frequently Asked Questions

How have OFLX shares performed this year?

Omega Flex's stock was trading at $70.51 at the beginning of 2024. Since then, OFLX stock has decreased by 27.3% and is now trading at $51.28.
View the best growth stocks for 2024 here.

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) issued its quarterly earnings data on Wednesday, July, 31st. The industrial products company reported $0.45 earnings per share for the quarter. The industrial products company earned $24.62 million during the quarter. Omega Flex had a trailing twelve-month return on equity of 24.24% and a net margin of 18.18%.

Who are Omega Flex's major shareholders?

Top institutional investors of Omega Flex include Kayne Anderson Rudnick Investment Management LLC (9.68%), Dimensional Fund Advisors LP (2.50%), Bank of New York Mellon Corp and Conestoga Capital Advisors LLC. Insiders that own company stock include Mark F Albino and Stewart B Reed.
View institutional ownership trends.

How do I buy shares of Omega Flex?

Shares of OFLX 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.

What other stocks do shareholders of Omega Flex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Omega Flex investors own include Exxon Mobil (XOM), AbbVie (ABBV), Boeing (BA), Eastman Chemical (EMN), General Motors (GM), Harley-Davidson (HOG) and International Paper (IP).

Company Calendar

• Ex-Dividend for 7/10 Dividend: 6/26/2024
• Dividend Payable: 7/10/2024
• Last Earnings: 7/31/2024
• Today: 9/17/2024
• Ex-Dividend for 10/8 Dividend: 9/26/2024
• Dividend Payable: 10/08/2024
• Next Earnings (Estimated): 10/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Heating equipment, except electric & warm air; & plumbing fixtures
• Sub-Industry: Industrial Machinery
• Current Symbol: NASDAQ:OFLX
• CUSIP: 68209510
• CIK: 1317945
• Web: www.omegaflexcorp.com
• Phone: (610) 524-7272
• Fax: 610-524-7282
• Employees: 170
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.90
• Trailing P/E Ratio: 27.14
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $20.76 million
• Net Margins: 18.18%
• Pretax Margin: 24.10%
• Return on Equity: 24.24%
• Return on Assets: 19.44%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.69
• Quick Ratio: 4.51

Sales & Book Value

• Annual Sales: $105.48 million
• Price / Sales: 4.93
• Cash Flow: $2.30 per share
• Price / Cash Flow: 22.46
• Book Value: $7.81 per share
• Price / Book: 6.60

Miscellaneous

• Outstanding Shares: 10,090,000
• Free Float: N/A
• Market Cap: $520.24 million
• Optionable: Not Optionable
• Beta: 0.40