FRIEDMAN INDUSTRIES INC (FRD)
Materials · Metals service centers and steel processing · NASDAQ
A regional metals processor and distributor specializing in flat-roll sheet/plate and structural tubing for industrial manufacturers and distributors across the U.S. Midwest and South.
What FRIEDMAN INDUSTRIES INC does
Friedman Industries is a metals manufacturer and processor operating two main segments: flat-roll products and tubular products. The flat-roll segment operates processing facilities across six states that cut, slit, and level sheet, plate, and coil materials to customer specifications. The tubular segment manufactures electric resistance welded pipe, including API-licensed line pipe and structural pipe. The company serves primarily metals distributors and fabricated metal product manufacturers across the Midwest, Southwest, and Southeast United States.
Themes: steel processing, metal distribution, industrial infrastructure, energy sector supply chain, flat-roll steel, tubular products
Fundamentals
- Price$41.71 as of 2026-08-21 close
- Market cap$301M as of 2026-08-21
- 1-year return+138.3% 2025-08-21 close $17.50 → 2026-08-21 close $41.71
- P/E12.18 as of 2026-08-24
- Net margin+3.6% as of 2026-08-24
- Gross margin+20.6% as of 2026-08-24
- ROE+18.3% as of 2026-08-24
- Debt / equity0.58 as of 2026-08-24
- Revenue growth (YoY)+61.8% as of 2026-08-24
- Beta1.63 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.7%; at least 4 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How FRD compares in its sector
- price-to-earnings ratiobottom 25% 94 covered Materials peers, as of 2026-08-24
- net profit marginmiddle range 142 covered Materials peers, as of 2026-08-24
- operating marginmiddle range 142 covered Materials peers, as of 2026-08-24
- gross marginmiddle range 141 covered Materials peers, as of 2026-08-24
- return on equitytop 25% 151 covered Materials peers, as of 2026-08-24
- indicated dividend yieldbottom 25% 95 covered Materials peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 124 covered Materials peers, as of FY2025
Position among covered Materials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, FRD's dividend was covered by reported results (earnings payout 18%). This describes past coverage, not a forecast.
- Earnings payout18% dividends / net income
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How FRIEDMAN INDUSTRIES INC looks technically
FRIEDMAN INDUSTRIES INC (FRD) is trading 73.7% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 53 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 55, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 1 trading day ago (its momentum flipped negative). It made a new 20-day high about 5 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 73.7% above its 200-day average, the long-term trend line — a longer-term uptrend | +73.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $36.37 | $36.37 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $24.01 | $24.01 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that upward direction; the labelling fails if price closes below 36.66. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible upward five-wave sequence, in wave 4 (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 53 trading days ago — a "golden cross", a bullish long-term signal | 53 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with buyers in control | 35.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 55, neither overbought (above 70) nor oversold (below 30) | 55.3 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($33.60 to $48.77) — its "stochastic" reading is 53 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 53.5 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 1 trading day ago (its momentum flipped negative) | 1 session |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $48.77 | $48.77 |
|---|---|---|
| From the 52-week high | it is 14.5% below its 52-week high (its highest price of the past year) | -14.5% |
| Above the 52-week low | it is 153.4% above its 52-week low (its lowest price of the past year) | +153.4% |
| Below the 52-week high | it is 14.5% below its highest point of the past year | 14.5% |
| Since a 20-day breakout | it made a new 20-day high about 5 trading days ago | 5 sessions |
| Since a 55-day breakout | it made a new 55-day high about 5 trading days ago | 5 sessions |
| All-time high | its highest closing price on record is $48.77 (set on 2026-08-18) | $48.77 |
| Given back of the 52-week move | over the past year its closes ranged ($16.92 to $48.08), and it has given back roughly a quarter of its rise from last year’s low — 20% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $27.83 to $28.82. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 20.4% |
| From the all-time high | it is 14.5% below its all-time high | -14.5% |
| Nearest price level | it is trading 12.2% above a support level at $36.63 — a price it turned at twice since 2026-07-01, most recently on 2026-07-20. Since 2024-08-21 it has 14 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -12.2% |
| All-time low | its lowest closing price on record is $3.72 (set on 2020-03-25) | $3.72 |
| Above the all-time low | it is 1021.2% above its all-time low | +1,021% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 83% of the past ~6 months) | 83rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.75 between its high and its low — about 6.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.75 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $30.76 and $49.88 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $30.76 – $40.32 – $49.88 |
| Typical daily range (% of price) | its price moves about 6.6% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.6% |
| Stretch from the 200-day average | it is trading 6.4 daily ranges above its 200-day average price (73.7% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 6.4 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.13× |
|---|
Candlestick patterns
1
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | -0.1% |
|---|---|---|
| Open gap | it gapped 7.1% above the previous close 10 sessions ago and has not traded back through the level it left behind at 37.72 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +7.1% |
| Gap filled | a 2.3% gap down opened on 2026-08-18 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 3 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 4 sessions in a row, a -13.25% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 4 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 24.8 percentage points (the stock gained 27.2% while the market gained 2.3%) | +24.8% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 100.1 percentage points (the stock gained 103.2% while the market gained 3.1%) | +100.1% |
| vs market, 6 months | over the past 6 months this stock beat the market by 120.0 percentage points (the stock gained 131.1% while the market gained 11.1%) | +120.0% |
| vs market, 12 months | over the past 12 months this stock beat the market by 117.9 percentage points (the stock gained 138.3% while the market gained 20.5%) | +117.9% |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 28% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thick, spanning 9.3% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | +28.1% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 35% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $30.93 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +34.8% |
|---|
Price levels it has turned at before
FRD last closed at $41.71 on 2026-08-21. Since 2024-08-21 it has turned at 14 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $36.63 | Support | 12.2% below the last close | turned there twice · 2026-07-01 to 2026-07-20 |
| $30.68 | Support | 26.5% below the last close | turned there twice · 2026-06-30 to 2026-07-21 |
| $24.53 | Support | 41.2% below the last close | turned there twice · 2026-02-10 to 2026-05-29 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes below $36.66.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
On past moves of this shape the leg has usually ended somewhere between $36.66 and $37.09 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · MACD just crossed bearish (12/26/9) · in a strong, established uptrend (ADX) · beating the market · Most volatile (6%+ typical daily range) · Stretched far above its 200-day average (6+ daily ranges) | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Reliance on a limited number of suppliers for inventory procurement.","High sensitivity to fluctuations in steel prices and market demand.","Competitive pressure from other metal service centers and brokers."]
What changed in the latest 10-Q
AI-assisted comparison of FRD's 10-Q filed 2026-02-09 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Added comparative balance sheet date of December 31, 2025 (newer filing shows nine-month period ended December 31, 2025 vs. six-month period ended September 30, 2025 in older filing)
- Added consolidated statements of operations for nine-month period ended December 31, 2025 with comparison to nine-month period ended December 31, 2024
- Added consolidated statements of cash flows for nine-month period ended December 31, 2025 with comparison to nine-month period ended December 31, 2024
- Removed:
- Removed comparative balance sheet date of September 30, 2025 (older filing's current period)
- Removed consolidated statements of operations for six-month period ended September 30, 2025 with comparison to six-month period ended September 30, 2024
- Removed consolidated statements of cash flows for six-month period ended September 30, 2025 with comparison to six-month period ended September 30, 2024
- Reworded:
- Balance sheet line item changed from 'Accrued employee compensation and related expenses' to 'Employee compensation and related expenses'
- Balance sheet line item changed from 'CONTINGENT CONSIDERATION LIABILITY' to 'NON-CURRENT CONTINGENT CONSIDERATION LIABILITY' (with addition of 'Current portion of contingent consideration' as separate line item)
- Accounts receivable allowance description changed from 'net of allowances for credit losses and cash discounts' to 'net of allowances for credit losses'
- Statement of operations line changed from 'Loss on disposal of property, plant and equipment' to 'Gain on disposal of property, plant and equipment'
- Cash flows statement line item changed from 'Proceeds from sale of assets' (showing $0 in older) to removed in newer; 'Loss on disposal of property, plant and equipment' changed to 'Gain on disposal of property, plant and equipment'
- Notes:
- The two filings represent different reporting periods (nine months vs. six months), making some numerical comparisons reflect extended time periods rather than accounting changes
- Balance sheet comparison dates differ: December 31, 2025 vs. September 30, 2025 as current period
- Most numerical differences in assets, liabilities, and operations reflect the three-month extension of the reporting period rather than substantive accounting policy changes
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days3 buys ($22976) · 0 sells — 2 buying insiders
Most recent open-market transaction: 2026-03-18. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FRD's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding FRD as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 769,651
- Reported value $13,638,224
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
FRD had 111,791 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
FRD had 1.55% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.68 days to cover at the same settlement.
- Reported short interest (shares) 111,791
- Short interest (% of shares outstanding) 1.55%
- Prior settlement (shares) 138,961
- Reported change -19.55%
- Days to cover (reported) 1.68
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Reliance Steel & Aluminum Co. (RS)
- Worthington Enterprises (WOR)
- Ryerson Holding Corporation
- Steel Dynamics (STLD)
- Olympic Steel (ZEUS)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does FRIEDMAN INDUSTRIES INC (FRD) do?
Friedman Industries is a metals manufacturer and processor operating two main segments: flat-roll products and tubular products. The flat-roll segment operates processing facilities across six states that cut, slit, and level sheet, plate, and coil materials to customer specifications. The tubular segment manufactures electric resistance welded pipe, including API-licensed line pipe and structural pipe.
What sector is FRIEDMAN INDUSTRIES INC (FRD) in?
FRIEDMAN INDUSTRIES INC (FRD) is classified in the Materials sector. Its industry is Metals service centers and steel processing. It trades on NASDAQ.
Does FRD pay a dividend?
Yes — FRIEDMAN INDUSTRIES INC (FRD) pays a dividend, with an indicated yield of about 0.67% and at least 4 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are FRIEDMAN INDUSTRIES INC's (FRD) competitors?
Notable peers of FRIEDMAN INDUSTRIES INC (FRD) include Reliance Steel & Aluminum Co., Worthington Enterprises, Ryerson Holding Corporation, Steel Dynamics and Olympic Steel. This peer set is informational only — not financial advice.
Is FRIEDMAN INDUSTRIES INC (FRD) overbought or oversold right now?
FRIEDMAN INDUSTRIES INC (FRD) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 55, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FRD come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.