NYSEAMERICAN:FRD

Friedman Industries (FRD) Stock Forecast, Price & News

$13.40

+0.07 (+0.53%)

(As of 09/29/2023 ET)

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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

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Friedman Industries.

3.0

Short Interest

Percentage of Shares Shorted
0.24% of the float of Friedman Industries has been sold short.
Short Interest Ratio / Days to Cover
Friedman Industries has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Friedman Industries has recently increased by 13.57%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Friedman Industries has a dividend yield of 0.60%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Friedman Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Friedman Industries is 3.29%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

1.1

News and Social Media Coverage

News Sentiment
Friedman Industries has a news sentiment score of -1.00. 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 lower news sentiment than the 0.63 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Friedman Industries this week, compared to 0 articles on an average week.
MarketBeat Follows
2 people have added Friedman Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Friedman Industries insiders have bought 312.41% more of their company's stock than they have sold. Specifically, they have bought $236,890.00 in company stock and sold $57,440.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Friedman Industries is held by insiders.
Percentage Held by Institutions
Only 30.57% of the stock of Friedman Industries is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Friedman Industries is 5.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Friedman Industries is 5.51, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.61.
Price to Book Value per Share Ratio
Friedman Industries has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

FRD Stock News Headlines

September 14, 2023 | finance.yahoo.com

Director Max Reichenthal Buys 2000 Shares of Friedman Industries Inc (FRD)

August 18, 2023 | detroitnews.com

Metro Detroit sees boom in industrial development

September 30, 2023 | Legacy Research (Ad)

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August 15, 2023 | finanznachrichten.de

Friedman Industries Inc.: Friedman Industries, Incorporated Announces First Quarter Results and Provides Near-Term Outlook

August 14, 2023 | finance.yahoo.com

Friedman Industries, Incorporated Announces First Quarter Results and Provides Near-Term Outlook

August 7, 2023 | finance.yahoo.com

FRIEDMAN INDUSTRIES, INCORPORATED LAUNCHES NEW COMPANY WEBSITE

June 30, 2023 | finanznachrichten.de

Friedman Industries Inc.: Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Near-Term Outlook

June 29, 2023 | finance.yahoo.com

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Near-Term Outlook

September 30, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

June 16, 2023 | wsj.com

Nasdaq CEO Adena Friedman Pursues a Black Belt in Deal Making

June 15, 2023 | finance.yahoo.com

FRD - Friedman Industries, Incorporated

June 9, 2023 | wsj.com

What I Learned About ‘Woke’ Capital and Milton Friedman at the University of Chicago

May 27, 2023 | yahoo.com

What former executive Andrew Friedman thinks of Rays’ sustained success

May 3, 2023 | bizjournals.com

With retirement in sight, Glendale's economic development director reflects on city's growth

March 24, 2023 | msn.com

Friedman Industries (FRD) Declares $0.02 Dividend

March 9, 2023 | msn.com

Friedman: Carolina checked in with the Flames on Elias Lindholm prior to the trade deadline

February 10, 2023 | health.usnews.com

Dr. Fred Friedman

February 10, 2023 | finanznachrichten.de

Friedman Industries Inc.: Friedman Industries, Incorporated Announces Third Quarter Results and Provides Near-Term Outlook

February 9, 2023 | finance.yahoo.com

Friedman Industries, Incorporated Announces Third Quarter Results and Provides Near-Term Outlook

January 22, 2023 | wsj.com

Milton Friedman Never Dumped Monetarism

January 20, 2023 | nasdaq.com

Nasdaq CEO Adena Friedman Says 2023 is an Opportunity for a Reset

January 13, 2023 | bizjournals.com

College Hunks co-founder's role in the new 'Bezos' biopic fits his business goals

December 6, 2022 | seekingalpha.com

Friedman Industries: Strong Financials Despite Low HRC Steel Prices

December 3, 2022 | finance.yahoo.com

Friedman Industries, Incorporated Announces Second Quarter Results and Provides Near-term Outlook

November 22, 2022 | finance.yahoo.com

FRIEDMAN INDUSTRIES, INCORPORATED PROVIDES SINTON FACILITY UPDATE AND UPDATE ON FORM 10-Q FILING

November 13, 2022 | wsj.com

Budd Friedman, Founder of The Improv, Has Died at 90

November 10, 2022 | bizjournals.com

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

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NYSEAMERICAN:FRD
Previous Symbol: NYSE:FRD
CUSIP: N/A
CIK: 39092
Web: www.friedmanindustries.com
Phone: (903) 758-3431
Fax: 903-758-2265
Employees: 234
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.43
Trailing P/E Ratio: 5.51
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $21.34 million
Net Margins: 3.41%
Pretax Margin: 4.55%
Return on Equity: 15.72%
Return on Assets: 8.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.63
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $547.54 million
Price / Sales: 0.18
Cash Flow: $3.25 per share
Price / Cash Flow: 4.12
Book Value: $15.65 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 7,380,000
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

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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