Friedman Industries, Incorporated (NYSEAMERICAN:FRD – Get Free Report) Director Joe L. Williams purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $14.34 per share, with a total value of $43,020.00. Following the completion of the purchase, the director now owns 31,574 shares of the company’s stock, valued at approximately $452,771.16. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Friedman Industries Stock Up 6.5 %
NYSEAMERICAN:FRD opened at $15.17 on Friday. The stock has a market cap of $105.73 million, a PE ratio of 6.35 and a beta of 1.37. Friedman Industries, Incorporated has a one year low of $9.50 and a one year high of $19.52.
Friedman Industries (NYSEAMERICAN:FRD – Get Free Report) last posted its earnings results on Tuesday, June 11th. The company reported $0.71 EPS for the quarter. The company had revenue of $132.23 million during the quarter. Friedman Industries had a net margin of 3.36% and a return on equity of 13.86%.
Friedman Industries Dividend Announcement
Institutional Investors Weigh In On Friedman Industries
Several hedge funds and other institutional investors have recently made changes to their positions in FRD. Gendell Jeffrey L grew its position in Friedman Industries by 16.4% in the 1st quarter. Gendell Jeffrey L now owns 435,666 shares of the company’s stock worth $8,164,000 after purchasing an additional 61,339 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Friedman Industries in the 1st quarter worth about $425,000. Hillsdale Investment Management Inc. bought a new stake in Friedman Industries in the 1st quarter worth about $131,000. Janney Montgomery Scott LLC grew its position in Friedman Industries by 17.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,667 shares of the company’s stock worth $459,000 after purchasing an additional 4,377 shares in the last quarter. Finally, AJOVista LLC bought a new stake in Friedman Industries in the 4th quarter worth about $49,000. 33.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Friedman Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19th.
View Our Latest Research Report on FRD
Friedman Industries Company Profile
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.
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