Friedman Industries (FRD) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $13.86 to $14.37
• 50-Day Range: N/A
• 52-Week Range: $9.50 to $19.52
• Volume: 14,834 shs
• Average Volume: 17,736 shs
• Market Capitalization: $97.23 million
• P/E Ratio: 8.11
• Dividend Yield: 1.15%
• Price Target: N/A
• Consensus Rating: N/A

Friedman Industries Stock Analysis - MarketRank™

Friedman Industries scored higher than 62% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Friedman Industries.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Friedman Industries is 8.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Friedman Industries is 8.11, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.66.

Price to Book Value per Share Ratio

Friedman Industries has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

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 0.6, 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 27.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Friedman Industries pays a meaningful dividend of 1.13%, higher than 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 9.30%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 0.6, 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 27.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.53

News Sentiment

Friedman Industries has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Friedman Industries this week, compared to 1 article on an average week.

MarketBeat Follows

Only 1 people have added Friedman Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

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 $91,241.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 4.60% of the stock of Friedman Industries is held by insiders.

Percentage Held by Institutions

Only 33.26% of the stock of Friedman Industries is held by institutions.

FRD Stock Analysis - Frequently Asked Questions

How have FRD shares performed this year?

Friedman Industries' stock was trading at $18.74 on January 1st, 2024. Since then, FRD stock has decreased by 25.6% and is now trading at $13.95.
View the best growth stocks for 2024 here.

How were Friedman Industries' earnings last quarter?

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) announced its earnings results on Thursday, August, 8th. The company reported $0.37 EPS for the quarter. The company had revenue of $114.55 million for the quarter. Friedman Industries had a trailing twelve-month return on equity of 9.65% and a net margin of 2.48%.

Who are Friedman Industries' major shareholders?

Top institutional investors of Friedman Industries include Callahan Advisors LLC (0.75%). Insiders that own company stock include Mike J Taylor, Joe L Williams, Max Alan Reichenthal, Durga D Agrawal, Alex Larue, Joel Spira 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Friedman Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Friedman Industries investors own include Main Street Capital (MAIN), Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM), British American Tobacco (BTI), Hercules Capital (HTGC), ONEOK (OKE) and AGNC Investment (AGNC).

Company Calendar

• Ex-Dividend for 8/16 Dividend: 7/26/2024
• Last Earnings: 8/08/2024
• Dividend Payable: 8/16/2024
• Ex-Dividend for 11/15 Dividend: 10/25/2024
• Today: 10/31/2024
• Dividend Payable: 11/15/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Industrial Products
• Industry: Steel works, blast furnaces, & rolling & finishing mills
• Sub-Industry: Steel Works
• 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: 100
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.72
• Trailing P/E Ratio: 8.34
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $17.34 million
• Net Margins: 2.48%
• Pretax Margin: 3.32%
• Return on Equity: 9.65%
• Return on Assets: 5.41%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.19
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $516.25 million
• Price / Sales: 0.19
• Cash Flow: $2.98 per share
• Price / Cash Flow: 4.82
• Book Value: $18.27 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 6,970,000
• Free Float: 6,649,000
• Market Cap: $100.02 million
• Optionable: Not Optionable
• Beta: 1.37