How have OFLX shares performed this year?

Omega Flex's stock was trading at $70.51 at the beginning of the year. Since then, OFLX stock has decreased by 24.6% and is now trading at $53.17. View the best growth stocks for 2024 here .

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) posted its quarterly earnings data on Wednesday, May, 1st. The industrial products company reported $0.42 earnings per share for the quarter. The industrial products company earned $25.22 million during the quarter. Omega Flex had a net margin of 18.03% and a trailing twelve-month return on equity of 24.76%.

What is Kevin R. Hoben's approval rating as Omega Flex's CEO?

3 employees have rated Omega Flex Chief Executive Officer Kevin R. Hoben on Glassdoor.com . Kevin R. Hoben has an approval rating of 53% among the company's employees. This puts Kevin R. Hoben in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are Omega Flex's major shareholders?

Top institutional shareholders of Omega Flex include Bank of New York Mellon Corp and Bennett Selby Investments LP. 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) .

NASDAQ:OFLX

Omega Flex (OFLX) Stock Price, News & Analysis

$53.17

+1.22 (+2.35%)

(As of 07/26/2024 ET)

Compare

Today's Range: $51.96
▼
$53.21
50-Day Range: $48.40
▼
$67.17
52-Week Range: $47.79
▼
$91.99

Volume: 24,623 shs
Average Volume: 20,431 shs
Market Capitalization: $521.46 million

P/E Ratio: 27.98
Dividend Yield: 2.56%
Price Target: N/A

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Omega Flex MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.77% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.44
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.80 out of 5 stars

Industrial Products Sector

111th out of 172 stocks

Heating Equipment, Except Electric & Warm Air; & Plumbing Fixtures Industry

2nd out of 2 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Omega Flex.
Read more about Omega Flex's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
1.77% 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 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Omega Flex has recently decreased by 55.62%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Omega Flex pays a meaningful dividend of 2.63%, 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%.
Read more about Omega Flex's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OFLX.

3.6

News and Social Media Coverage

News Sentiment
Omega Flex has a news sentiment score of 1.44. 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 0.48 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Omega Flex this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Omega Flex to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

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.
Read more about Omega Flex's insider trading history.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Omega Flex is 27.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Omega Flex is 27.98, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.41.
Price to Book Value per Share Ratio
Omega Flex has a P/B Ratio of 6.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Omega Flex's valuation and earnings.

See Top Rated MarketRank™ Stocks Here

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About Omega Flex Stock (NASDAQ:OFLX)

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.

OFLX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OFLX Stock News Headlines

June 13, 2024 | globenewswire.com

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024

May 27, 2024 | msn.com

Compare with EVI Industries Inc (EVI)

July 26, 2024 | Unstoppable Prosperity (Ad)

“Generational Bull Run” Incoming

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May 24, 2024 | finance.yahoo.com

Calculating The Intrinsic Value Of Omega Flex, Inc. (NASDAQ:OFLX)

May 4, 2024 | finance.yahoo.com

Omega Flex First Quarter 2024 Earnings: EPS: US$0.42 (vs US$0.57 in 1Q 2023)

May 2, 2024 | investorplace.com

OFLX Stock Earnings: Omega Flex Reported Results for Q1 2024

May 1, 2024 | globenewswire.com

Omega Flex, Inc. Announces First Quarter 2024 Earnings

April 10, 2024 | uk.investing.com

Omega Flex appoints Stephen Shea as new director

July 26, 2024 | Unstoppable Prosperity (Ad)

“Generational Bull Run” Incoming

LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.

April 9, 2024 | globenewswire.com

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea

April 7, 2024 | investing.com

Omega Flex director Derek Glanvill steps down

April 7, 2024 | msn.com

Omega Flex Announces Board Member Resignation

April 5, 2024 | globenewswire.com

Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill

April 1, 2024 | msn.com

Omega Flex Announces Quarterly Dividend Payout

March 28, 2024 | globenewswire.com

Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024

March 7, 2024 | investorplace.com

OFLX Stock Earnings: Omega Flex Reported Results for Q4 2023

March 6, 2024 | globenewswire.com

Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings

March 5, 2024 | msn.com

Daniel Craig's Mysterious White Dial Omega Speedmaster Just Dropped

See More Headlines

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Company Calendar

Last Earnings: 5/01/2024
Ex-Dividend for 7/10 Dividend: 6/26/2024
Dividend Payable: 7/10/2024
Today: 7/26/2024
Next Earnings (Estimated): 7/31/2024
Fiscal Year End: 12/31/2024

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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: 168
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.90
Trailing P/E Ratio: 27.98
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $20.76 million
Net Margins: 18.03%
Pretax Margin: 23.90%
Return on Equity: 24.76%
Return on Assets: 19.76%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.37
Quick Ratio: 4.29

Sales & Book Value

Annual Sales: $111.46 million
Price / Sales: N/A
Cash Flow: $2.23 per share
Price / Cash Flow: 23.85
Book Value: $7.81 per share
Price / Book: 6.81

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: $521.46 million
Optionable: Not Optionable
Beta: 0.38

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Key Executives

Mr. Kevin R. Hoben (Age 77)
Executive Chairman
Comp: $2.13M
Mr. Dean W. Rivest (Age 53)
CEO & Director
Comp: $893.03k
Mr. Edwin B. Moran (Age 56)
President & Director
Comp: $703.75k
Ms. Susan B. Asch (Age 56)
VP, General Counsel & Secretary
Comp: $431.44k
Mr. Steven A. Treichel (Age 73)
Senior Vice President of Corporate Development & Facilities Management
Comp: $550.49k
Luke S. Hawk
Financial Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 the year. Since then, OFLX stock has decreased by 24.6% and is now trading at $53.17.
View the best growth stocks for 2024 here.
How were Omega Flex's earnings last quarter?: Omega Flex, Inc. (NASDAQ:OFLX) posted its quarterly earnings data on Wednesday, May, 1st. The industrial products company reported $0.42 earnings per share for the quarter. The industrial products company earned $25.22 million during the quarter. Omega Flex had a net margin of 18.03% and a trailing twelve-month return on equity of 24.76%.
What is Kevin R. Hoben's approval rating as Omega Flex's CEO?: 3 employees have rated Omega Flex Chief Executive Officer Kevin R. Hoben on Glassdoor.com. Kevin R. Hoben has an approval rating of 53% among the company's employees. This puts Kevin R. Hoben in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
Who are Omega Flex's major shareholders?: Top institutional shareholders of Omega Flex include Bank of New York Mellon Corp and Bennett Selby Investments LP. 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).