NYSEAMERICAN:FRD

Friedman Industries - FRD Stock Forecast, Price & News

$8.78

-0.32 (-3.52%)

(As of 12/6/2022 05:21 PM ET)

Add

Compare

Today's Range: $8.70
▼
$9.22
50-Day Range: N/A
52-Week Range: $6.74
▼
$12.00

Volume: 10,745 shs
Average Volume: 24,617 shs
Market Capitalization: $64.70 million

P/E Ratio: 1.64
Dividend Yield: 0.88%
Price Target: N/A

Friedman Industries MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.11% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$196,938 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.

2.34 out of 5 stars

N/A

Analyst's Opinion

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

5.0

Short Interest

Percentage of Shares Shorted
0.11% 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 0.3, 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 60.77%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Friedman Industries has a dividend yield of 0.88%, 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 1.50%. 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.

1.9

News and Social Media Coverage

News Sentiment
Friedman Industries has a news sentiment score of 0.50. 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 higher news sentiment than the 0.38 average news sentiment score of Industrials companies.

2.5

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 $196,938.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of Friedman Industries is held by insiders.
Percentage Held by Institutions
41.23% of the stock of Friedman Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Friedman Industries is 1.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Friedman Industries is 1.64, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 507.12.
Price to Book Value per Share Ratio
Friedman Industries has a P/B Ratio of 0.93. 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.

Receive FRD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Friedman Industries and its competitors with MarketBeat's FREE daily newsletter.

FRD Stock News Headlines

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

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

August 12, 2021 | finance.yahoo.com

CytoAgents’ Phase 1 Trial Results Show "Cytokine Release Syndrome" Drug Candidate Safe

July 15, 2021 | bizjournals.com

Here's where nine SA companies stand on returning to the office

July 12, 2021 | benzinga.com

Why Worry With Dividends? Their Five-Year Reinvested Value for Friedman Industries

July 7, 2021 | finance.yahoo.com

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2021 Results

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive FRD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Friedman Industries and its competitors with MarketBeat's FREE daily newsletter.

FRD Company Calendar

Last Earnings: 10/12/2022
Ex-Dividend for 11/18 Dividend: 10/13/2022
Dividend Payable: 11/18/2022
Today: 12/06/2022
Fiscal Year End: 3/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Steel Works, Blast Furnaces, & Rolling & Finishing Mills
Sub-Industry: N/A
Sector: Industrials
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): $5.35
Trailing P/E Ratio: 1.64
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $11.42 million
Net Margins: 15.68%
Pretax Margin: 20.50%
Return on Equity: 47.02%
Return on Assets: 27.94%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.83
Quick Ratio: 1.11

Sales & Book Value

Annual Sales: $126.10 million
Price / Sales: 0.51
Cash Flow: $1.08 per share
Price / Cash Flow: 8.13
Book Value: $9.46 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 7,369,000
Free Float: 6,656,000
Market Cap: $64.70 million
Optionable: Not Optionable
Beta: 0.67

Key Executives

Mr. Michael J. Taylor (Age 63)
Chairman, Pres & CEO
Comp: $1.48M

Mr. Alex LaRue (Age 36)
CFO, Sec. & Treasurer
Comp: $990.78k

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 drop in short interest during the month of November. As of November 15th, there was short interest totaling 7,100 shares, a drop of 60.8% from the October 31st total of 18,100 shares. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
View Friedman Industries' Short Interest.
How were Friedman Industries' earnings last quarter?: Friedman Industries, Incorporated (NYSEAMERICAN:FRD) issued its quarterly earnings data on Wednesday, October, 12th. The company reported $1.55 earnings per share for the quarter. The business earned $161.80 million during the quarter. Friedman Industries had a trailing twelve-month return on equity of 47.02% and a net margin of 15.68%.
How often does Friedman Industries pay dividends? What is the dividend yield for Friedman Industries?: Friedman Industries declared a quarterly dividend on Thursday, September 15th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.02 per share on Friday, November 18th. This represents a $0.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, October 13th.
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 0.89%. The dividend payout ratio is 1.50%. 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 a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.31%), Renaissance Technologies LLC (5.34%), Vanguard Group Inc. (4.01%), Callahan Advisors LLC (0.97%), Gendell Jeffrey L (0.62%) and Shufro Rose & Co. LLC (0.61%). Insiders that own company stock include Joe L Williams, 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 $9.10.
How much money does Friedman Industries make?: Friedman Industries (NYSEAMERICAN:FRD) has a market capitalization of $67.06 million and generates $126.10 million in revenue each year. The company earns $11.42 million in net income (profit) each year or $5.35 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 12/6/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial