NASDAQ:OFLX

Omega Flex (OFLX) Stock Price, News & Analysis

$66.70
-0.80 (-1.19%)
(As of 11:15 AM ET)
Today's Range
$66.70
$66.70
50-Day Range
$66.85
$74.61
52-Week Range
$63.43
$117.63
Volume
2,559 shs
Average Volume
8,808 shs
Market Capitalization
$673.00 million
P/E Ratio
32.54
Dividend Yield
1.98%
Price Target
N/A
OFLX stock logo

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

OFLX Stock News Headlines

Omega Flex appoints Stephen Shea as new director
At first glance, this chart looks like nonsense…
We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”
Omega Flex director Derek Glanvill steps down
At first glance, this chart looks like nonsense…
We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”
Omega Flex Inc
Omega Flex Inc.
Omega Flex, Inc. Board and Organizational Changes
Omega Flex Inc's Dividend Analysis
Omega Strikers Best Goalkeeper
Omega Flex Inc OFLX
Omega Flex, Inc. Announces Third Quarter 2023 Earnings
See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Ex-Dividend for 4/24 Dividend
4/09/2024
Today
4/24/2024
Dividend Payable
4/24/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Heating equipment, except electric & warm air; & plumbing fixtures
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:OFLX
CUSIP
68209510
Employees
168
Year Founded
N/A

Profitability

Net Income
$20.76 million
Pretax Margin
24.71%

Debt

Sales & Book Value

Annual Sales
$111.47 million
Cash Flow
$2.18 per share
Book Value
$7.81 per share

Miscellaneous

Free Float
3,321,000
Market Cap
$681.35 million
Optionable
Not Optionable
Beta
0.37
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Key Executives

  • Mr. Kevin R. Hoben (Age 77)
    Executive Chairman
    Comp: $2.6M
  • Mr. Dean W. Rivest (Age 53)
    CEO & Director
    Comp: $788.7k
  • Mr. Edwin B. Moran (Age 56)
    President & Director
    Comp: $601.74k
  • Mr. Matthew F. Unger CPA (Age 57)
    VP of Finance & CFO
    Comp: $330.52k
  • Ms. Susan B. Asch (Age 56)
    VP, General Counsel & Secretary
  • Mr. Steven A. Treichel (Age 73)
    Senior Vice President of Corporate Development & Facilities Management
    Comp: $550.49k
  • Luke S. Hawk
    Financial Controller

OFLX Stock Analysis - Frequently Asked Questions

How have OFLX shares performed in 2024?

Omega Flex's stock was trading at $70.51 at the start of the year. Since then, OFLX stock has decreased by 5.4% and is now trading at $66.70.
View the best growth stocks for 2024 here
.

When is Omega Flex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our OFLX earnings forecast
.

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) issued its earnings results on Wednesday, March, 6th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter. The industrial products company had revenue of $28.15 million for the quarter. Omega Flex had a trailing twelve-month return on equity of 27.24% and a net margin of 18.63%.

How often does Omega Flex pay dividends? What is the dividend yield for Omega Flex?

Omega Flex announced a quarterly dividend on Thursday, March 28th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.33 per share on Wednesday, April 24th. This represents a $1.32 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, April 9th.
Read our dividend analysis for OFLX
.

Is Omega Flex a good dividend stock?

Omega Flex (NASDAQ:OFLX) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.97%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 64.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OFLX.

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.

What other stocks do shareholders of Omega Flex own?

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

Who are Omega Flex's major shareholders?

Omega Flex's stock is owned by many different institutional and retail investors. Top institutional investors include Norden Group LLC (0.49%) and Azzad Asset Management Inc. ADV (0.10%). 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.

This page (NASDAQ:OFLX) was last updated on 4/24/2024 by MarketBeat.com Staff

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