Sandra Kay Scott Acquires 500 Shares of Friedman Industries (NASDAQ:FRD) Stock

Key Points

  • Director Sandra Kay Scott purchased 500 shares on Nov. 28 at $20.05 and another 500 on Dec. 1 at $20.27 (about $20,160 total); the Nov. 28 SEC filing shows she held 10,069 shares after that transaction.
  • Friedman Industries has a market cap of $133.38 million and a P/E of 11.58, reported $0.32 EPS on $152.38 million in quarterly revenue, and pays a quarterly dividend of $0.04 (annualized $0.16, yield ~0.9%, DPR ~9.9%).
  • Analyst sentiment is positive with a consensus Buy rating; Weiss Ratings reiterated a buy and Wall Street Zen lowered its rating from "strong-buy" to "buy."

Friedman Industries Inc. (NASDAQ:FRD - Get Free Report) Director Sandra Kay Scott purchased 500 shares of the stock in a transaction dated Friday, November 28th. The shares were acquired at an average cost of $20.05 per share, for a total transaction of $10,025.00. Following the completion of the acquisition, the director directly owned 10,069 shares of the company's stock, valued at approximately $201,883.45. This trade represents a 5.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Sandra Kay Scott also recently made the following trade(s):

  • On Monday, December 1st, Sandra Kay Scott acquired 500 shares of Friedman Industries stock. The stock was bought at an average cost of $20.27 per share, with a total value of $10,135.00.

Friedman Industries Stock Performance

Shares of FRD opened at $18.76 on Wednesday. The firm has a market capitalization of $133.38 million, a PE ratio of 11.58 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $20.74 and a 200 day moving average price of $18.63. Friedman Industries Inc. has a 52-week low of $12.24 and a 52-week high of $23.50.




Friedman Industries (NASDAQ:FRD - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.32 earnings per share for the quarter. Friedman Industries had a net margin of 2.25% and a return on equity of 8.55%. The company had revenue of $152.38 million during the quarter.

Friedman Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 24th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 24th. Friedman Industries's dividend payout ratio (DPR) is presently 9.88%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Friedman Industries in a research report on Monday, November 24th. Wall Street Zen lowered Friedman Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Friedman Industries presently has a consensus rating of "Buy".

View Our Latest Analysis on FRD

Hedge Funds Weigh In On Friedman Industries

Hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Friedman Industries during the second quarter valued at $29,000. BNP Paribas Financial Markets increased its stake in Friedman Industries by 50.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,712 shares of the company's stock worth $37,000 after purchasing an additional 576 shares in the last quarter. State of Wyoming acquired a new stake in Friedman Industries during the 1st quarter worth about $45,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Friedman Industries during the second quarter valued at about $60,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Friedman Industries in the second quarter worth about $103,000. 33.26% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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