Friedman Industries
FRD

$17.28

1.54%

Market Cap: 120M

About: Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include flat-roll products and Tubular Products. It generates maximum revenue from the flat-roll products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Employees: 268

Materials Steel Works, Blast Furnaces & Rolling & Finishing Mills

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

800% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 1

55% more capital invested

Capital invested by funds: $35.8M [Q4 2023] → $55.4M (+$19.6M) [Q1 2024]

27% more funds holding

Funds holding: 30 [Q4 2023] → 38 (+8) [Q1 2024]

12.13% more ownership

Funds ownership: 31.41% [Q4 2023] → 43.55% (+12.13%) [Q1 2024]

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

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Research analyst outlook

We haven’t received any recent analyst ratings for FRD.

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Financial journalist opinion

Friedman Industries, Incorporated Announces Cash Dividend

LONGVIEW, Texas, June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE American: FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on June 26, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 16, 2024 to shareholders of record at the close of business on July 26, 2024. This dividend marks the Company's 210th consecutive quarterly cash dividend since becoming publicly traded in 1972.

Friedman Industries, Incorporated Announces Cash Dividend

Zacks Investment Research

Zacks Initiates Coverage of Friedman Industries With Neutral Recommendation

Find out why Zacks rates Friedman Industries as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore FRD's strategic expansions and financial health amid market challenges.

Zacks Initiates Coverage of Friedman Industries With Neutral Recommendation

Friedman Industries: Decent Q4 FY24 Results But Still Not Cheap

The company booked a net income of $5 million for Q4 FY24 despite rising processing and warehousing expenses and lower HRC steel prices. The sales volume grew by 13%, and I think it could continue to improve in FY25. However, I think that HRC steel prices could stabilize at around $600/t over the coming months as China's economic recovery is still sluggish.

Friedman Industries: Decent Q4 FY24 Results But Still Not Cheap

Zacks Investment Research

Friedman Industries (FRD) Q4 Earnings Decline Y/Y, Margins Down

Friedman Industries' (FRD) overall topline in fourth-quarter fiscal 2024 benefits from revenue growth in both segments.

Friedman Industries (FRD) Q4 Earnings Decline Y/Y, Margins Down

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results

LONGVIEW, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2024.

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results

FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND

LONGVIEW, Texas, March 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE-American: FRD) a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on March 20, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company.

FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND

Friedman Industries, Incorporated Announces Third Quarter Results

LONGVIEW, Texas, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) today announced its results of operations for the third fiscal quarter ended December 31, 2023.

Friedman Industries, Incorporated Announces Third Quarter Results

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

LONGVIEW, Texas, Dec. 18, 2023 (GLOBE NEWSWIRE) -- On December 13, 2023, Friedman Industries, Incorporated (the “Company”) repurchased 400,041 shares of the Company's common stock from Metal One Corporation for an aggregate repurchase price of approximately $5.1 million. After the repurchase, the Company had 6,971,824 shares of common stock outstanding.

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

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

LONGVIEW, Texas, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE—American; Trading Symbol: FRD) The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 13, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 16, 2024 to shareholders of record at the close of business on January 19, 2024. This dividend marks the Company's 208th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

Friedman Industries: 50% Upside To Growing TBV

Friedman Industries has strong financial ratios and is expected to experience significant growth in the next few years. The company has about 50% upside to tangible book value, which is growing rapidly. The steel industry is likely to see strength in the coming years, providing a favorable market for Friedman Industries.

Friedman Industries: 50% Upside To Growing TBV

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