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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

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.

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FRD Stock News Headlines

Veterans in Business: Michelle Friedman, DeWitt LLP
Friedman Is Difficult To Value With So Much Change
Friedman declares $0.02 dividend
Are You 'Leading The Life You Want'?
Friedman Industries, Inc.
Friedman Industries Looks Cheap Based On Fundamentals
See More Headlines
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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

Industry, Sector and Symbol

Industry
Steel Works, Blast Furnaces, & Rolling & Finishing Mills
Sub-Industry
N/A
Current Symbol
NYSEAMERICAN:FRD
Employees
101
Year Founded
N/A

Profitability

Net Income
$11.42 million
Pretax Margin
20.50%

Debt

Sales & Book Value

Annual Sales
$126.10 million
Cash Flow
$1.08 per share
Book Value
$9.46 per share

Miscellaneous

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













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