NYSEAMERICAN:FRD

Friedman Industries - FRD Stock Forecast, Price & News

$11.10

+0.10 (+0.91%)

(As of 01/27/2023 12:00 AM ET)

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Today's Range: $10.96
▼
$11.20
50-Day Range: N/A
52-Week Range: $6.74
▼
$11.36

Volume: 28,570 shs
Average Volume: 25,937 shs
Market Capitalization: $81.80 million

P/E Ratio: 31.72
Dividend Yield: 0.73%
Price Target: N/A

Institutional Ownership

Friedman Industries MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.13% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.19
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$43,844 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.

1.67 out of 5 stars

N/A

Analyst's Opinion

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

4.0

Short Interest

Percentage of Shares Shorted
0.13% 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 decreased by 1.27%, indicating that investor sentiment is improving.

0.8

Dividend Strength

Dividend Yield
Friedman Industries has a dividend yield of 0.73%, 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 22.86%. 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.

1.0

News and Social Media Coverage

News Sentiment
Friedman Industries has a news sentiment score of -0.19. 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 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Friedman Industries this week, compared to 0 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Friedman Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $43,844.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.30% of the stock of Friedman Industries is held by insiders.
Percentage Held by Institutions
Only 26.26% of the stock of Friedman Industries is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Friedman Industries is 31.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Friedman Industries is 31.72, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.06.
Price to Book Value per Share Ratio
Friedman Industries has a P/B Ratio of 0.96. 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, Inc. engages in the provision of manufacture and trade of steel products. It operates through the Coil and Tubular segments. The Coil segment produces and markets hot-rolled steel and coils. The Tubular segment focuses on the operation of two electric resistance welded pipe mills with a combined outside diameter. The company was founded by Mendel Friedman in 1965 and is headquartered in Longview, TX.

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FRD Stock News Headlines

January 22, 2023 | wsj.com

Milton Friedman Never Dumped Monetarism

January 22, 2023 | americanbankingnews.com

Friedman Industries (NYSEAMERICAN:FRD) Share Price Passes Above 200 Day Moving Average of $0.00

January 29, 2023 | Porter & Company (Ad)

Is This The End of Capitalism?

EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…

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

November 10, 2022 | bizjournals.com

Veterans in Business: Michelle Friedman, DeWitt LLP

November 9, 2022 | ft.com

It’s still Ben Bernanke and Milton Friedman’s Fed

October 12, 2022 | finance.yahoo.com

Friedman Industries, Incorporated Announces First Quarter Results, Provides Sinton Update and Near-term Outlook

January 29, 2023 | Porter & Company (Ad)

The Next Big Crisis Is Here

You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.

August 24, 2022 | bizjournals.com

Karen Friedman: How to lose customers and sabotage relationships in 5 easy steps

August 23, 2022 | finance.yahoo.com

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

August 9, 2022 | seekingalpha.com

Friedman Is Difficult To Value With So Much Change

July 29, 2022 | bizjournals.com

Karen Friedman: What I learned from a recent 6ABC Action News reunion

July 5, 2022 | seekingalpha.com

Friedman Industries: Plateplus Deal Is Transformational And I'm Going Long

June 29, 2022 | finance.yahoo.com

FRIEDMAN INDUSTRIES, INCORPORATED PROVIDES UPDATE ON FORM 10-K FILING

June 28, 2022 | seekingalpha.com

Friedman declares $0.02 dividend

June 4, 2022 | forbes.com

Are You 'Leading The Life You Want'?

May 2, 2022 | seekingalpha.com

Friedman Industries expands With major acquisition of Plateplus operations

May 2, 2022 | finance.yahoo.com

Friedman Industries, Incorporated Expands With Major Acquisition of Plateplus, Inc. Operations

March 24, 2022 | nytimes.com

The Pandemic Wrecked Millions of Careers. These 6 People Built New Ones.

February 22, 2022 | money.usnews.com

Friedman Industries, Inc.

January 20, 2022 | msn.com

Inflation may be a problem. But it’s also a political opportunity.

January 5, 2022 | msn.com

Tesla's Direct Sales Model Is The Way Of The Future: Here's Why

January 4, 2022 | seekingalpha.com

Friedman Industries Looks Cheap Based On Fundamentals

December 8, 2021 | finance.yahoo.com

Bertolet Capital Trust Buys Gulf Island Fabrication Inc, Seacor Marine Holdings Inc, Sells ...

November 19, 2021 | finance.yahoo.com

Friedman Industries, Incorporated Announces Second Quarter Results and Sinton, Texas Facility Update

August 23, 2021 | marketwatch.com

Friedman Industries 1Q Results Lifted by Rise in Steel Prices -- Commodity Comment

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FRD Company Calendar

Ex-Dividend for 11/18 Dividend: 10/13/2022
Dividend Payable: 11/18/2022
Last Earnings: 12/02/2022
Ex-Dividend for 2/10 Dividend: 1/12/2023
Today: 1/29/2023
Dividend Payable: 2/10/2023
Fiscal Year End: 3/31/2023

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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: 101
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.35
Trailing P/E Ratio: 31.72
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $14.07 million
Net Margins: 0.74%
Pretax Margin: 1.01%
Return on Equity: 14.95%
Return on Assets: 7.26%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.34
Quick Ratio: 1.02

Sales & Book Value

Annual Sales: $285.23 million
Price / Sales: 0.29
Cash Flow: $4.32 per share
Price / Cash Flow: 2.57
Book Value: $11.62 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 7,369,000
Free Float: 7,126,000
Market Cap: $81.80 million
Optionable: Not Optionable
Beta: 1.00

Key Executives

Michael J. Taylor
Chairman, President & Chief Executive Officer

Alex LaRue
Chief Financial Officer, Secretary & Treasurer

Jonathan Holcomb
Vice President-Purchasing & Coil Sales

Thompson Michael
Vice President-Tubular Sales

Howard Henderson
Vice President-Texas Tubular Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FRD Stock - Frequently Asked Questions

Are investors shorting Friedman Industries?: Friedman Industries saw a increase in short interest in December. As of December 30th, there was short interest totaling 7,900 shares, an increase of 6.8% from the December 15th total of 7,400 shares. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% 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) released its earnings results on Friday, December, 2nd. The company reported $0.34 earnings per share (EPS) for the quarter. The company earned $149.69 million during the quarter. Friedman Industries had a trailing twelve-month return on equity of 14.95% and a net margin of 0.74%.
How often does Friedman Industries pay dividends? What is the dividend yield for Friedman Industries?: Friedman Industries declared a quarterly dividend on Wednesday, December 7th. Stockholders of record on Friday, January 13th will be paid a dividend of $0.02 per share on Friday, February 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, January 12th.
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 0.73%. The dividend payout ratio is 22.86%. 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."
Who are Friedman Industries' major shareholders?: Friedman Industries' stock is owned by many different retail and institutional investors. Top institutional shareholders include Shufro Rose & Co. LLC (0.56%). Insiders that own company stock include Joe L Williams, 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.
What is Friedman Industries' stock price today?: One share of FRD stock can currently be purchased for approximately $11.10.
How much money does Friedman Industries make?: Friedman Industries (NYSEAMERICAN:FRD) has a market capitalization of $81.80 million and generates $285.23 million in revenue each year. The company earns $14.07 million in net income (profit) each year or $0.35 on an earnings per share basis.
How many employees does Friedman Industries have?: The company employs 101 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 1/29/2023 by MarketBeat.com Staff

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Friedman Industries - FRD Stock Forecast, Price & News

Friedman Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Friedman Industries (NYSEAMERICAN:FRD) Stock

FRD Stock News Headlines

FRD Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FRD Stock - Frequently Asked Questions

Overall MarketRank^™