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AMD   97.51 (+1.46%)
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GE   112.71 (-0.25%)
DIS   81.99 (-0.89%)
AMC   7.92 (+2.86%)
PFE   32.73 (-0.37%)
PYPL   58.68 (+0.10%)
NFLX   382.80 (-0.35%)
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MSFT   320.00 (+0.15%)
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AMZN   131.11 (+1.38%)
TSLA   255.58 (-0.05%)
NVDA   419.27 (+2.22%)
NIO   8.59 (+1.66%)
BABA   88.24 (+4.91%)
AMD   97.51 (+1.46%)
T   15.09 (-1.44%)
F   12.53 (+2.70%)
MU   69.41 (+2.22%)
CGC   0.86 (+11.44%)
GE   112.71 (-0.25%)
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NASDAQ:OFLX

Omega Flex (OFLX) Stock Forecast, Price & News

$81.11
+1.01 (+1.26%)
(As of 09:47 AM ET)
Compare
Today's Range
$79.87
$87.86
50-Day Range
$79.74
$98.80
52-Week Range
$77.28
$128.51
Volume
3,938 shs
Average Volume
17,140 shs
Market Capitalization
$818.40 million
P/E Ratio
35.57
Dividend Yield
1.63%
Price Target
N/A

OFLX stock logo

About Omega Flex (NASDAQ:OFLX) Stock

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; 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 Price History

OFLX Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Omega Flex (NASDAQ: OFLX)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Omega Flex, Inc. Announces First Quarter 2023 Earnings
Omega Flex declares $0.32 dividend
OFLX Omega Flex, Inc.
Omega Flex, Inc. Announces Fourth Quarter 2022 Earnings
Omega Flex: More Engineering Expenses And Undervalued
See More Headlines
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OFLX Company Calendar

Ex-Dividend for 7/7 Dividend
6/23/2023
Dividend Payable
7/07/2023
Last Earnings
7/19/2023
Today
9/22/2023
Ex-Dividend for 10/6 Dividend
9/22/2023
Dividend Payable
10/06/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Heating equipment, except electric & warm air; & plumbing fixtures
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:OFLX
CUSIP
68209510
Employees
177
Year Founded
N/A

Profitability

Net Income
$23.62 million
Pretax Margin
25.34%

Debt

Sales & Book Value

Annual Sales
$118.27 million
Cash Flow
$2.46 per share
Book Value
$7.05 per share

Miscellaneous

Free Float
3,321,000
Market Cap
$808.53 million
Optionable
Not Optionable
Beta
0.51
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Get This Free Report

Key Executives

  • Mr. Kevin R. Hoben (Age 76)
    CEO & Chairman
    Comp: $2.6M
  • Mr. Dean W. Rivest (Age 52)
    Pres
    Comp: $788.7k
  • Mr. Matthew F. Unger CPA (Age 56)
    VP of Fin. & CFO
    Comp: $330.52k
  • Mr. Edwin B. Moran (Age 55)
    Exec. VP of Sales
    Comp: $601.74k
  • Ms. Susan B. Asch (Age 56)
    Gen. Counsel & Sec.
  • Mr. Steven A. Treichel (Age 72)
    Sr. VP of Corp. Devel. & Facilities Management
  • Luke S. Hawk
    Financial Controller













OFLX Stock - Frequently Asked Questions

How have OFLX shares performed in 2023?

Omega Flex's stock was trading at $93.32 at the start of the year. Since then, OFLX stock has decreased by 14.2% and is now trading at $80.10.
View the best growth stocks for 2023 here
.

When is Omega Flex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our OFLX earnings forecast
.

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) announced its earnings results on Wednesday, July, 19th. The industrial products company reported $0.45 earnings per share for the quarter. The industrial products company had revenue of $25.84 million for the quarter. Omega Flex had a net margin of 19.46% and a trailing twelve-month return on equity of 31.97%.

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

Omega Flex declared a quarterly dividend on Monday, September 11th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.33 per share on Friday, October 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, September 22nd.
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 1.66%. 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 57.89%. 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).

What is Omega Flex's stock symbol?

Omega Flex trades on the NASDAQ under the ticker symbol "OFLX."

Who are Omega Flex's major shareholders?

Omega Flex's stock is owned by many different retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (11.03%), Conestoga Capital Advisors LLC (3.49%), BlackRock Inc. (3.00%), Dimensional Fund Advisors LP (2.53%), Portside Wealth Group LLC (1.11%) and Geode Capital Management LLC (0.75%). Insiders that own company stock include Derek Glanvill, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Omega Flex's stock price today?

One share of OFLX stock can currently be purchased for approximately $80.10.

How much money does Omega Flex make?

Omega Flex (NASDAQ:OFLX) has a market capitalization of $808.53 million and generates $118.27 million in revenue each year. The industrial products company earns $23.62 million in net income (profit) each year or $2.28 on an earnings per share basis.

How many employees does Omega Flex have?

The company employs 177 workers across the globe.

How can I contact Omega Flex?

Omega Flex's mailing address is 451 CREAMERY WAY, EXTON PA, 19341. The official website for the company is www.omegaflexcorp.com. The industrial products company can be reached via phone at (610) 524-7272 or via fax at 610-524-7282.

This page (NASDAQ:OFLX) was last updated on 9/22/2023 by MarketBeat.com Staff

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