Friedman Industries (NASDAQ:FRD) Issues Earnings Results

Posted by George Bondi on Nov 5th, 2026

Friedman Industries (NASDAQ:FRD – Get Free Report) released its quarterly earnings data on Thursday. The company reported $2.19 earnings per share for the quarter, FiscalAI reports. Friedman Industries had a net margin of 3.63% and a return on equity of 18.29%. The company had revenue of $286.81 million during the quarter.

Friedman Industries Stock Down 8.7%

Shares of Friedman Industries stock traded down $3.36 on Thursday, reaching $35.43. The stock had a trading volume of 92,982 shares, compared to its average volume of 50,510. The company has a 50 day moving average price of $41.93 and a 200 day moving average price of $29.74. The company has a quick ratio of 1.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.02. Friedman Industries has a 1 year low of $16.55 and a 1 year high of $48.77. The stock has a market capitalization of $255.45 million, a P/E ratio of 9.23 and a beta of 1.62.

Friedman Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 23rd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Friedman Industries’s dividend payout ratio (DPR) is presently 4.17%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Friedman Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Read Our Latest Research Report on Friedman Industries

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRD. Dimensional Fund Advisors LP raised its position in shares of Friedman Industries by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 541,693 shares of the company’s stock valued at $9,599,000 after purchasing an additional 3,297 shares during the last quarter. De Lisle Partners LLP purchased a new stake in Friedman Industries during the 2nd quarter worth approximately $12,937,000. BlackRock Inc. purchased a new stake in Friedman Industries during the 2nd quarter worth approximately $12,708,000. Renaissance Technologies LLC grew its position in Friedman Industries by 3.2% during the 1st quarter. Renaissance Technologies LLC now owns 331,282 shares of the company’s stock worth $5,870,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Friedman Industries during the 2nd quarter valued at approximately $1,990,000. 33.26% of the stock is currently owned by hedge funds and other institutional investors.

About Friedman Industries

(Get Free Report)

Friedman Industries, Inc is a steel processing and distribution company headquartered in Longview, Texas. The company purchases flat-rolled steel from domestic and international producers and processes it into products designed to meet the specifications of industrial and commercial customers.

Its products and services include steel coil processing, slitting, cut-to-length operations, and the sale of sheet and other flat-rolled steel products. Friedman Industries serves manufacturers, steel service centers, fabricators, and customers in industries such as construction, transportation, energy, and general manufacturing.

Founded in 1965, the company operates processing and distribution facilities in the United States and serves customers primarily across domestic markets.