Are investors shorting Friedman Industries?

Friedman Industries saw a increase in short interest in March. As of March 15th, there was short interest totaling 11,900 shares, an increase of 9.2% from the February 29th total of 10,900 shares. Based on an average daily trading volume, of 21,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company's shares 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 Thursday, June 27th 2024. View our FRD earnings forecast .

How were Friedman Industries' earnings last quarter?

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) posted its quarterly earnings results on Wednesday, February, 14th. The company reported $0.16 earnings per share (EPS) for the quarter. The business earned $115.97 million during the quarter. Friedman Industries had a trailing twelve-month return on equity of 15.31% and a net margin of 3.68%.

How often does Friedman Industries pay dividends? What is the dividend yield for Friedman Industries?

Friedman Industries declared a quarterly dividend on Wednesday, March 20th. Investors of record on Friday, April 26th will be given a dividend of $0.04 per share on Friday, May 24th. This represents a $0.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from the stock's previous quarterly dividend of $0.02. 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 0.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 3.15%. 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) .

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 .

NYSEAMERICAN:FRD

Friedman Industries (FRD) Stock Price, News & Analysis

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$18.81

-0.33 (-1.72%)

(As of 04/16/2024 ET)

Compare

Today's Range: $18.81
▼
$19.42
50-Day Range: N/A
52-Week Range: $9.50
▼
$19.52

Volume: 26,804 shs
Average Volume: 20,518 shs
Market Capitalization: $131.29 million

P/E Ratio: 7.41
Dividend Yield: 0.43%
Price Target: N/A

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Friedman Industries MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.18% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.05
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.52 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
0.18% 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

0.8

Dividend Strength

Dividend Yield
Friedman Industries has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Friedman Industries has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Friedman Industries is 3.15%. 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.

2.2

News and Social Media Coverage

News Sentiment
Friedman Industries has a news sentiment score of -0.05. 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 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Friedman Industries this week, compared to 1 article on an average week.
Search Interest
2 people have searched for FRD on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Friedman Industries to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Friedman Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.80% 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Friedman Industries is 7.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Friedman Industries is 7.41, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.36.
Price to Book Value per Share Ratio
Friedman Industries has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Friedman Industries Stock (NYSEAMERICAN:FRD)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FRD Stock News Headlines

April 13, 2024 | wsj.com

Friedman Industries Inc.

April 11, 2024 | finance.yahoo.com

Justin Rose Joins Mustard Golf as Brand Ambassador

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 11, 2024 | nytimes.com

Fixing the Quality Problems at Boeing

April 10, 2024 | americanbankingnews.com

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

March 21, 2024 | globenewswire.com

FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND

February 15, 2024 | finanznachrichten.de

Friedman Industries Inc.: Friedman Industries, Incorporated Announces Third Quarter Results

February 14, 2024 | finance.yahoo.com

Friedman Industries, Incorporated Announces Third Quarter Results

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

February 14, 2024 | finance.yahoo.com

Friedman Industries Inc (FRD) Reports Mixed Q3 Results Amid Market Volatility

February 14, 2024 | globenewswire.com

Friedman Industries, Incorporated Announces Third Quarter Results

February 14, 2024 | finance.yahoo.com

Jim Simons Adjusts Position in Friedman Industries

February 9, 2024 | sports.yahoo.com

As spring training opens, Andrew Friedman hopes Dodgers do more than 'win the offseason'

February 6, 2024 | ft.com

Live news: Dollar hits 3-month high as Powell seeks to tame rate cut expectations

February 6, 2024 | ft.com

Live news: King Charles diagnosed with cancer

January 30, 2024 | uk.movies.yahoo.com

Severance Season 2 (Finally!) Resumes Production — Get Latest Update

December 20, 2023 | msn.com

Andrew Friedman Reveals His Pitch to Shohei Ohtani That Led to Him Joining Dodgers

December 20, 2023 | seekingalpha.com

Friedman Industries: Time To Take Profits (Rating Downgrade)

December 19, 2023 | finance.yahoo.com

Sizing Up Prospects for 3 Steel Stocks in the Wake of the Deal for U.S. Steel

December 18, 2023 | finance.yahoo.com

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES SHARE REPURCHASE AND AUTHORIZATION OF ADDITIONAL SHARE REPURCHASE PROGRAM

December 7, 2023 | yahoo.com

Andrea Fay Friedman, groundbreaking “Life Goes On” star, dies at 53

December 4, 2023 | seekingalpha.com

Friedman Industries: <5X Growing Earnings, >50% Upside To Growing TBV

November 15, 2023 | finanznachrichten.de

Friedman Industries Inc.: Friedman Industries, Incorporated Announces Second Quarter Results and Provides Update on Strategic Growth Initiatives

November 13, 2023 | news.yahoo.com

The End of Milton Friedman’s Reign

November 13, 2023 | msn.com

When Milton Friedman Ran the Show

November 12, 2023 | msn.com

Andrew Friedman must stop troubling Dodgers trend this offseason

November 11, 2023 | news.yahoo.com

Milton Friedman Was No Conservative

See More Headlines

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Company Calendar

Ex-Dividend for 2/16 Dividend: 1/18/2024
Last Earnings: 2/14/2024
Dividend Payable: 2/16/2024
Today: 4/16/2024
Ex-Dividend for 5/24 Dividend: 4/25/2024
Dividend Payable: 5/24/2024
Next Earnings (Estimated): 6/27/2024
Fiscal Year End: 3/31/2025

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Sector: Industrial Products
Industry: Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry: N/A
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): $2.54
Trailing P/E Ratio: 7.48
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $21.34 million
Net Margins: 3.68%
Pretax Margin: 4.86%
Return on Equity: 15.31%
Return on Assets: 8.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.13
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $547.54 million
Price / Sales: 0.24
Cash Flow: $3.18 per share
Price / Cash Flow: 5.97
Book Value: $15.65 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 6,980,000
Free Float: 6,711,000
Market Cap: $132.62 million
Optionable: Not Optionable
Beta: 1.35

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Key Executives

Mr. Michael J. Taylor (Age 65)
Chairman of the Board, President & CEO
Comp: $1.09M
Mr. Alex LaRue (Age 38)
CFO, Secretary & Treasurer
Comp: $727.05k
Paul Rottmann
Vice President of Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FRD Stock Analysis - Frequently Asked Questions

Are investors shorting Friedman Industries?: Friedman Industries saw a increase in short interest in March. As of March 15th, there was short interest totaling 11,900 shares, an increase of 9.2% from the February 29th total of 10,900 shares. Based on an average daily trading volume, of 21,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company's shares 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 Thursday, June 27th 2024.
View our FRD earnings forecast.
How were Friedman Industries' earnings last quarter?: Friedman Industries, Incorporated (NYSEAMERICAN:FRD) posted its quarterly earnings results on Wednesday, February, 14th. The company reported $0.16 earnings per share (EPS) for the quarter. The business earned $115.97 million during the quarter. Friedman Industries had a trailing twelve-month return on equity of 15.31% and a net margin of 3.68%.
How often does Friedman Industries pay dividends? What is the dividend yield for Friedman Industries?: Friedman Industries declared a quarterly dividend on Wednesday, March 20th. Investors of record on Friday, April 26th will be given a dividend of $0.04 per share on Friday, May 24th. This represents a $0.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from the stock's previous quarterly dividend of $0.02.
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 0.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 3.15%. 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).
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.

This page (NYSEAMERICAN:FRD) was last updated on 4/16/2024 by MarketBeat.com Staff

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Friedman Industries (FRD) Stock Price, News & Analysis

Friedman Industries MarketRank™ Stock Analysis

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

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Friedman Industries Stock (NYSEAMERICAN:FRD)

FRD Stock Price History

FRD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FRD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™