Friedman Industries, Incorporated (FRD)

In the past six months, Friedman Industries' stock has experienced several notable events. The stock passed above its 200-day moving average, trading at $20.87 after reaching a high of $22.06. The company declared a quarterly dividend of $0.04 per share, with a yield of 0.8%, to be paid on November 14, 2025. Bank of New York Mellon Corp acquired a new stake of 31,122 shares in the first quarter, valued at approximately $463,000. Shares of Friedman Industries gained 14.8% since the company reported its earnings for the quarter ended June 30, 2025, significantly outperforming the S&P 500 Index's 0.5% growth over the same period. For the first quarter of fiscal 2026, Friedman Industries reported net earnings of $5 million, or $0.71 per diluted share, an increase from $2.6 million, or $0.37 per diluted share, a year earlier. On May 6, 2025, Friedman Industries executed the fourth amendment to its credit agreement, extending the maturity date of its $150 million ABL Facility to August 19, 2026. In September 2025, shareholders elected seven directors to the board and approved the company's 2025 Long-Term Incentive Plan. Baker Tilly US, LLP was ratified as the independent registered public accounting firm for the fiscal year ending March 31, 2026, following a merger involving the previous firm, Moss Adams LLP. The company also appointed Gaurav Chhibbar as its new Chief Operating Officer, effective July 10, 2025.

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Friedman Industries, Inc. is a U.S.-based company that manufactures and processes steel products and distributes steel and pipe. It operates through the Coil and Tubular segments. The Coil segment converts steel coils into flat sheet and plate steel, resells steel coils, and offers processing and storage services. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. The company serves steel distributors and manufacturers of steel products. Friedman Industries was founded in 1965 and is headquartered in Longview, Texas.

Friedman Industries, Inc. operates eight facilities nationwide across the United States. Its Flat Roll Division has seven coil processing facilities located in East Chicago, IN; Granite City, IL; Sinton, TX; Hickman, AR; Decatur, AL; Miami, FL (Century Coil Processing Facility); and Orlando, FL (Century Distribution Facility). The Tubular Division, operating under the trade name Texas Tubular Products, is situated in Lone Star, TX, and runs two Electric Resistance Welded (ERW) pipe mills. The company primarily serves customers in the Midwestern, Southwestern, and Southeastern regions of the United States.

Information specifically detailing Friedman Industries, Inc.'s brand reputation in the past year was not found in the provided search results.

Major institutional shareholders of Friedman Industries include Gendell Jeffrey L (5.02%), Mink Brook Asset Management LLC (2.82%), Geode Capital Management LLC (2.23%), and Truffle Hound Capital LLC (2.12%). Hedge funds and other institutional investors collectively own 33.26% of the company's stock. Insiders own 12.84% of Friedman Industries, Inc. stock. Over the last quarter, insiders bought 59.2K shares for a value of $937.6K and sold 300 shares for a total of $4.8K.