Friedman Industries, Incorporated (NYSEAMERICAN:FRD – Get Free Report) CEO Mike J. Taylor acquired 1,322 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average cost of $13.95 per share, with a total value of $18,441.90. Following the acquisition, the chief executive officer now directly owns 160,976 shares of the company’s stock, valued at approximately $2,245,615.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Friedman Industries Trading Up 3.7 %
FRD opened at $14.26 on Friday. Friedman Industries, Incorporated has a 52 week low of $9.50 and a 52 week high of $19.52. The firm has a market capitalization of $99.39 million, a P/E ratio of 5.97 and a beta of 1.37.
Friedman Industries (NYSEAMERICAN:FRD – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.37 EPS for the quarter. The firm had revenue of $114.55 million for the quarter. Friedman Industries had a return on equity of 9.65% and a net margin of 2.48%.
Friedman Industries Announces Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Friedman Industries from a “buy” rating to a “hold” rating in a research note on Tuesday.
Get Our Latest Stock Report on Friedman Industries
Institutional Investors Weigh In On Friedman Industries
A number of institutional investors have recently made changes to their positions in FRD. Hillsdale Investment Management Inc. bought a new stake in Friedman Industries in the first quarter worth $131,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Friedman Industries in the 1st quarter valued at about $425,000. LSV Asset Management purchased a new stake in Friedman Industries during the 2nd quarter valued at about $343,000. Janney Montgomery Scott LLC grew its position in Friedman Industries by 17.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 29,667 shares of the company’s stock worth $459,000 after acquiring an additional 4,377 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Friedman Industries by 8.0% during the 1st quarter. Empowered Funds LLC now owns 30,796 shares of the company’s stock worth $577,000 after acquiring an additional 2,275 shares during the last quarter. Hedge funds and other institutional investors own 33.26% of the company’s stock.
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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