2 weeks Ago By Defense World Staff
Friedman Industries ( NYSEAMERICAN:FRD – Get Free Report ) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday. Friedman Industries Stock Up 2.
2 % Friedman Industries stock traded up $0.34 during midday trading on Monday, hitting $16.02.
7,452 shares of the company’s stock were exchanged, compared to its average volume of 18,673. Friedman Industries has a 52-week low of $9.50 and a 52-week high of $19.
52. The stock has a market cap of $111.66 million, a price-to-earnings ratio of 6.
70 and a beta of 1.37. Friedman Industries ( NYSEAMERICAN:FRD – Get Free Report ) last issued its earnings results on Thursday, August 8th.
The company reported $0.37 EPS for the quarter. Friedman Industries had a net margin of 2.
48% and a return on equity of 9.65%. The company had revenue of $114.
55 million for the quarter. Insider Buying and Selling at Friedman Industries Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRD. Dimensional Fund Advisors LP boosted its position in Friedman Industries by 0.
3% in the second quarter. Dimensional Fund Advisors LP now owns 561,702 shares of the company’s stock worth $8,482,000 after purchasing an additional 1,591 shares during the last quarter. Gendell Jeffrey L grew its position in Friedman Industries by 16.
4% during the first quarter. Gendell Jeffrey L now owns 435,666 shares of the company’s stock valued at $8,164,000 after buying an additional 61,339 shares during the period. Renaissance Technologies LLC grew its position in Friedman Industries by 0.
6% during the second quarter. Renaissance Technologies LLC now owns 361,882 shares of the company’s stock valued at $5,464,000 after buying an additional 2,245 shares during the period. Acadian Asset Management LLC increased its holdings in Friedman Industries by 1.
0% during the second quarter. Acadian Asset Management LLC now owns 135,794 shares of the company’s stock valued at $2,048,000 after buying an additional 1,337 shares during the last quarter. Finally, Callahan Advisors LLC raised its position in Friedman Industries by 8.
6% in the second quarter. Callahan Advisors LLC now owns 54,131 shares of the company’s stock worth $817,000 after acquiring an additional 4,293 shares during the period. Institutional investors own 33.
26% of the company’s stock. About Friedman Industries ( Get Free Report ) 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. Featured Stories Five stocks we like better than Friedman Industries Where to Find Earnings Call Transcripts TJX Stock: A Buying Opportunity Before the Holiday Rush Where Do I Find 52-Week Highs and Lows? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge What is an Earnings Surprise? Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Friedman Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Friedman Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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