Friedman Industries (NYSE:FRD) released its quarterly earnings data on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Friedman Industries had a return on equity of 1.13% and a net margin of 0.74%.
Friedman Industries (NYSE FRD) opened at $5.75 on Tuesday. Friedman Industries has a 1-year low of $5.05 and a 1-year high of $7.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, October 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, October 12th.
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Separately, TheStreet raised Friedman Industries from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th.
An institutional investor recently raised its position in Friedman Industries stock. Vanguard Group Inc. lifted its stake in Friedman Industries (NYSE:FRD) by 15.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 166,072 shares of the company’s stock after purchasing an additional 22,209 shares during the quarter. Vanguard Group Inc. owned about 2.37% of Friedman Industries worth $944,000 at the end of the most recent reporting period.
Friedman Industries Company Profile
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers.
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