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PFE   28.80 (+0.03%)
PYPL   58.85 (-1.14%)
XOM   98.35 (-0.77%)

Friedman Industries Stock Price, News & Analysis (NYSEAMERICAN:FRD)

$12.31
+0.20 (+1.65%)
(As of 02:25 PM ET)
Compare
Today's Range
$12.21
$12.56
50-Day Range
$9.66
$14.00
52-Week Range
$8.20
$18.31
Volume
4,742 shs
Average Volume
24,158 shs
Market Capitalization
$90.85 million
P/E Ratio
4.79
Dividend Yield
0.65%
Price Target
N/A

Friedman Industries MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Friedman Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$39,700 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars


FRD stock logo

About Friedman Industries Stock (NYSEAMERICAN:FRD)

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.

FRD Stock Price History

FRD Stock News Headlines

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The End of Milton Friedman’s Reign
When Milton Friedman Ran the Show
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Milton Friedman Was No Conservative
Friedman Industries Inc FRD
Metro Detroit sees boom in industrial development
FRD - Friedman Industries, Incorporated
Dr. Fred Friedman
See More Headlines
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Company Calendar

Ex-Dividend for 11/10 Dividend
10/19/2023
Dividend Payable
11/10/2023
Last Earnings
11/14/2023
Today
12/07/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
N/A
Current Symbol
NYSEAMERICAN:FRD
Employees
234
Year Founded
N/A

Profitability

Net Income
$21.34 million
Pretax Margin
5.01%

Debt

Sales & Book Value

Annual Sales
$547.54 million
Cash Flow
$3.11 per share
Book Value
$15.65 per share

Miscellaneous

Free Float
7,095,000
Market Cap
$89.37 million
Optionable
Not Optionable
Beta
1.30
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FRD Stock Analysis - Frequently Asked Questions

How have FRD shares performed in 2023?

Friedman Industries' stock was trading at $9.96 at the beginning of the year. Since then, FRD shares have increased by 23.6% and is now trading at $12.31.
View the best growth stocks for 2023 here
.

Are investors shorting Friedman Industries?

Friedman Industries saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 15,900 shares, an increase of 174.1% from the October 31st total of 5,800 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company's shares are sold short.
View Friedman Industries' Short Interest
.

How were Friedman Industries' earnings last quarter?

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) posted its quarterly earnings results on Tuesday, November, 14th. The company reported $0.48 earnings per share for the quarter. The business had revenue of $130.75 million for the quarter. Friedman Industries had a trailing twelve-month return on equity of 15.93% and a net margin of 3.75%.

How often does Friedman Industries pay dividends? What is the dividend yield for Friedman Industries?

Friedman Industries declared a quarterly dividend on Thursday, September 14th. Shareholders of record on Friday, October 20th will be given a dividend of $0.02 per share on Friday, November 10th. This represents a $0.08 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for FRD
.

Is Friedman Industries a good dividend stock?

Friedman Industries (NYSEAMERICAN:FRD) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.63%. The dividend payout ratio is 3.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FRD.

What other stocks do shareholders of Friedman Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Friedman Industries investors own include Energy Transfer (ET), International Business Machines (IBM), Tapestry (TPR), Applied Optoelectronics (AAOI), AbbVie (ABBV), Abeona Therapeutics (ABEO), Analog Devices (ADI), Aehr Test Systems (AEHR), Algonquin Power & Utilities (AQN) and BCE (BCE).

Who are Friedman Industries' major shareholders?

Friedman Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Gendell Jeffrey L (4.79%), Acadian Asset Management LLC (1.86%), EAM Investors LLC (1.18%), Callahan Advisors LLC (0.71%), Janney Montgomery Scott LLC (0.34%) and Denali Advisors LLC (0.03%). Insiders that own company stock include Alex Larue, Durga D Agrawal, Joe L Williams, Joel Spira, Max Alan Reichenthal, Mike J Taylor and Sandra Kay Scott.
View institutional ownership trends
.

How do I buy shares of Friedman Industries?

Shares of FRD 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.

This page (NYSEAMERICAN:FRD) was last updated on 12/7/2023 by MarketBeat.com Staff

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