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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
The single greatest medical breakthrough of all time? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
The single greatest medical breakthrough of all time? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
The single greatest medical breakthrough of all time? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
NYSEAMERICAN:FRD

Friedman Industries (FRD) Stock Forecast, Price & News

$13.40
+0.07 (+0.53%)
(As of 09/29/2023 ET)
Compare
Today's Range
$13.11
$13.60
50-Day Range
$9.66
$14.00
52-Week Range
$6.92
$18.31
Volume
8,824 shs
Average Volume
32,505 shs
Market Capitalization
$98.89 million
P/E Ratio
5.51
Dividend Yield
0.60%
Price Target
N/A

Friedman Industries MarketRank™ Forecast

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
N/A
Insider Trading
Acquiring Shares
$236,890 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.

1.73 out of 5 stars


FRD stock logo

About Friedman Industries (NYSEAMERICAN:FRD) Stock

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 Price History

FRD Stock News Headlines

Metro Detroit sees boom in industrial development
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
FRD - Friedman Industries, Incorporated
Dr. Fred Friedman
Milton Friedman Never Dumped Monetarism
Veterans in Business: Michelle Friedman, DeWitt LLP
See More Headlines
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FRD Company Calendar

Ex-Dividend for 8/11 Dividend
7/20/2023
Dividend Payable
8/11/2023
Last Earnings
8/14/2023
Today
9/30/2023
Next Earnings (Estimated)
10/10/2023
Ex-Dividend for 11/10 Dividend
10/19/2023
Dividend Payable
11/10/2023
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
4.55%

Debt

Sales & Book Value

Annual Sales
$547.54 million
Cash Flow
$3.25 per share
Book Value
$15.65 per share

Miscellaneous

Free Float
7,095,000
Market Cap
$98.89 million
Optionable
Not Optionable
Beta
1.19
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Key Executives

  • Mr. Michael J. Taylor (Age 64)
    Chairman, Pres & CEO
    Comp: $1.09M
  • Mr. Alex LaRue (Age 37)
    CFO, Sec. & Treasurer
    Comp: $727.05k
  • Paul Rottmann
    VP of Operations













FRD Stock - Frequently Asked Questions

How have FRD shares performed in 2023?

Friedman Industries' stock was trading at $9.96 on January 1st, 2023. Since then, FRD stock has increased by 34.5% and is now trading at $13.40.
View the best growth stocks for 2023 here
.

Are investors shorting Friedman Industries?

Friedman Industries saw a increase in short interest in September. As of September 15th, there was short interest totaling 15,900 shares, an increase of 13.6% from the August 31st total of 14,000 shares. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company's stock are sold short.
View Friedman Industries' Short Interest
.

When is Friedman Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 10th 2023.
View our FRD earnings forecast
.

How were Friedman Industries' earnings last quarter?

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) announced its quarterly earnings results on Monday, August, 14th. The company reported $1.04 EPS for the quarter. The firm had revenue of $137.30 million for the quarter. Friedman Industries had a trailing twelve-month return on equity of 15.72% and a net margin of 3.41%.

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 0.60%. 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 0.60%. The dividend payout ratio is 3.29%. 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).

What is Friedman Industries' stock symbol?

Friedman Industries trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "FRD."

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.

What is Friedman Industries' stock price today?

One share of FRD stock can currently be purchased for approximately $13.40.

How much money does Friedman Industries make?

Friedman Industries (NYSEAMERICAN:FRD) has a market capitalization of $98.89 million and generates $547.54 million in revenue each year. The company earns $21.34 million in net income (profit) each year or $2.43 on an earnings per share basis.

How many employees does Friedman Industries have?

The company employs 234 workers across the globe.

How can I contact Friedman Industries?

Friedman Industries' mailing address is 1121 Judson Rd Ste 124, LONGVIEW, TX 75601-5119, United States. The official website for the company is www.friedmanindustries.com. The company can be reached via phone at (903) 758-3431 or via fax at 903-758-2265.

This page (NYSEAMERICAN:FRD) was last updated on 9/30/2023 by MarketBeat.com Staff

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