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FRIEDMAN INDUSTRIES INC (FRD)

Materials · Steel processing & distribution · NASDAQ

Friedman Industries is a metals processor and manufacturer specializing in flat-roll steel and electric resistance welded pipe for a variety of industrial and energy-related applications.

What FRIEDMAN INDUSTRIES INC does

Friedman Industries, Inc. is a metals processor and manufacturer operating in two segments: flat-roll products and tubular products. The flat-roll segment processes and distributes hot-rolled steel coil into sheet, plate, and slit coil for diverse industries, while the tubular segment manufactures electric resistance welded pipe for energy and structural applications. The company operates multiple processing facilities across the United States, offering both inventory sales and toll processing services.

Recent developments

The company reported record quarterly sales volume for the fiscal first quarter ended June 30, 2026, driven by strong organic growth and the integration of the Century Metals & Supplies acquisition. Net earnings reached $12.8 million for the quarter, significantly exceeding the prior-year period.

From FRIEDMAN INDUSTRIES INC's filing of 2026-08-06.

Themes: steel manufacturing, metal processing, industrial infrastructure, energy supply chain, ,, ,, ,

Fundamentals

  • Price$41.85 as of 2026-10-08 close
  • Market cap$302M as of 2026-08-06 (share count; price 2026-10-08)
  • 1-year return+98.0% 2025-10-08 close $21.14 → 2026-10-08 close $41.85
  • P/E10.70 as of 2026-10-08
  • ROE+4.6% FY2025, SEC XBRL
  • Debt / equity0.58 as of 2026-09-03
  • Revenue growth (YoY)+61.8% as of 2026-09-03
  • Beta0.61 as of 2026-09-03
  • Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)

Dividend: yield +0.4%; 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.

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How FRD compares in its sector

  • price-to-earnings ratiobottom 25% 91 covered Materials peers, as of 2026-10-08
  • return on equitymiddle range 144 covered Materials peers, as of 2026-09-03
  • indicated dividend yieldbottom 10% 95 covered Materials peers, as of 2026-09-03
  • free cash flow (absolute dollars, latest fiscal year)bottom 25% 122 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.

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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.

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How FRIEDMAN INDUSTRIES INC looks technically

FRIEDMAN INDUSTRIES INC (FRD) is trading 51.7% 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 86 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive). It made a new 20-day low about 7 trading days ago.

Trend

8
Distance from the 200-dayit is trading 51.7% above its 200-day average, the long-term trend line — a longer-term uptrend+51.7%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $41.74$41.74
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $27.58$27.58
Swing structureeach 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 nexthigher highs and higher lows
Last swing turnits last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on7 sessions
Wave structureits recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 5 of five; the labelling fails if price closes below 36.88. 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 5 (atypical proportions)
Since the 50/200 crossits 50-day average crossed above its 200-day average about 86 trading days ago — a "golden cross", a bullish long-term signal86 sessions
Trend strength (14-day ADX)there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend)17.3

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30)53.0
Position in its 14-day rangeit is trading near the top of its 14-day range ($36.88 to $43.02) — its "stochastic" reading is 81 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.80.9
Since the MACD crossed zeroMACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive)4 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $48.77$48.77
From the 52-week highit is 14.2% below its 52-week high (its highest price of the past year)-14.2%
Above the 52-week lowit is 152.4% above its 52-week low (its lowest price of the past year)+152.4%
Below the 52-week highit is 14.2% below its highest point of the past year14.2%
Since a 20-day breakoutit made a new 20-day low about 7 trading days ago7 sessions
Since a 55-day breakoutit made a new 55-day high about 38 trading days ago38 sessions
All-time highits highest closing price on record is $48.77 (set on 2026-08-18)$48.77
Given back of the 52-week moveover the past year its closes ranged ($17.01 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 $27.88 to $28.88. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.20.1%
From the all-time highit is 14.2% below its all-time high-14.2%
Nearest price levelit is trading 12.3% above a support level at $36.71 — a price it turned at three times since 2026-07-01, most recently on 2026-10-01. Since 2024-10-08 it has 13 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.-12.3%
All-time lowits lowest closing price on record is $3.72 (set on 2020-03-25)$3.72
Above the all-time lowit is 1025.0% above its all-time low+1,025%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 79% of it)21st percentile
Typical daily rangein a typical session it travels about $1.84 between its high and its low — about 4.4% 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$1.84
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $37.91 and $43.47 — 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$37.91 – $40.69 – $43.47
Typical daily range (% of price)its price moves about 4.4% in a typical session — about typical for the 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 price4.4%
Stretch from the 200-day averageit is trading 7.8 daily ranges above its 200-day average price (51.7% 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 scale7.8 daily ranges above its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.62×

Candlestick patterns

2
Since a doji2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level2 sessions ago
Since a bearish engulfing7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it7 sessions ago

Price gaps

2
Gap at the openit opened on 2026-10-08 0.6% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close-0.6%
Gap filleda 2.1% gap down opened on 2026-09-23 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it took 7 sessions to close4 sessions ago

Price streaks

1
Closing streakit closed lower in its latest session, after a session that did not close lower — a single down day rather than a run1 session down

Relative strength

4
vs market, 1 monthover the past 1 month this stock lagged the market by 8.5 percentage points (the stock lost 7.4% while the market gained 1.0%)-8.4%
vs market, 3 monthsover the past 3 months this stock beat the market by 24.6 percentage points (the stock gained 28.5% while the market gained 3.8%)+24.6%
vs market, 6 monthsover the past 6 months this stock beat the market by 123.1 percentage points (the stock gained 140.5% while the market gained 17.5%)+123.1%
vs market, 12 monthsover the past 12 months this stock beat the market by 83.0 percentage points (the stock gained 98.0% while the market gained 15.0%)+83.0%

Signal agreement

2
Bullish technical signals4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive, outperforming the market over 6 months — these describe past price behaviour, not a forecast4 of 9
Bearish technical signals1 of the 9 technical signals we can compute for it is currently in a bearish state: near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast1 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 5.9% of the share price.0.0%

Volume-weighted price

1
Vs this year’s average price paidthe price is 27% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $33.07 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP.+26.6%

Price levels it has turned at before

FRD last closed at $41.85 on 2026-10-08. Since 2024-10-08 it has turned at 13 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.

LevelSideDistanceEvidence
$36.71Support12.3% below the last closeturned there three times · 2026-07-01 to 2026-10-01
$30.68Support26.7% below the last closeturned there twice · 2026-06-30 to 2026-07-21
$24.53Support41.4% below the last closeturned 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 5 of five.

This labelling fails — stops being a possible reading at all — if it closes below $36.88.

It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.

On past moves of this shape the leg has usually ended somewhere between $40.58 and $46.57 — that is where it has tended to end if the count holds, not a forecast of where the price goes.

This reading has stood for 1 trading day, since 2026-10-08.

Read from daily closes as of 2026-10-08.

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.

Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.

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Key risks (from latest filing)

["Exposure to fluctuations in market prices of raw materials, particularly hot-rolled steel coil.","Dependence on a limited number of steel suppliers, where the loss of any could materially disrupt operations."]

See FRD's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of FRD's 10-Q filed 2026-08-06 against the prior one filed 2026-02-09.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Newer filing (2026-08-06) reports results for the three months ended June 30, 2026 compared to three months ended June 30, 2025, whereas older filing (2026-02-09) reported nine months ended December 31, 2025 compared to nine months ended December 31, 2024.
    • Newer filing adds discussion of HRC prices entering the 2026 quarter: sustained upward trend, increasing approximately 28% during the preceding quarter and an additional 10% throughout the 2026 quarter.
    • Newer filing adds statement that the favorable pricing environment contributed to margin expansion during the 2026 quarter.
    • Newer filing adds statement that margin expansion in the 2025 quarter was less pronounced than in the 2026 quarter.
  • Removed:
    • Older filing's discussion of HRC price trends (declining approximately 15% from April 2025 to October 2025, then increasing approximately 14% by end of 2025 period; declining approximately 40% from January 2024 through mid-August 2024) is not present in newer filing.
    • Older filing's statement that the Company experienced stronger margins at the start of the 2025 period which then tapered off until slight margin improvement to conclude the 2025 period is not present in newer filing.
    • Older filing's statement that the Company experienced compressed physical margins throughout the 2024 period is not present in newer filing.
    • Older filing's statement that hedging related gains were approximately $2.5 million in the 2025 period compared to approximately $5.8 million in the 2024 period is not present in newer filing.
    • Older filing's mention of $1.3 million of one-time, non-recurring transaction costs associated with the acquisition of Century is not present in newer filing.
  • Reworded:
    • Newer filing states sales, cost of materials sold and adjusted gross profit increased approximately $105.2 million, $78.5 million and $26.7 million respectively; older filing stated increases of approximately $139.8 million, $106.1 million and $33.7 million respectively.
    • Newer filing states adjusted gross profit was approximately $55.8 million compared to approximately $29.1 million; older filing stated approximately $85.9 million compared to approximately $52.2 million.
    • Newer filing states adjusted gross profit as a percentage of sales was approximately 23.2% compared to approximately 21.6%; older filing stated approximately 18.9% compared to approximately 16.6%.
    • Newer filing attributes the sales increase to both an increase in average selling price per ton and an increase in sales volume; older filing attributed the sales increase primarily to an increase in sales volume.
    • Newer filing states sales volume for the 2026 quarter was approximately 188,500 tons from inventory and 17,500 tons of toll processing, compared to 141,500 tons from inventory and 19,000 tons of toll processing in the 2025 quarter; older filing stated approximately 458,000 tons from inventory and 59,000 tons of toll processing, compared to 353,000 tons and 60,000 tons respectively.
    • Newer filing states same facility year-over-year growth accounted for approximately 33,500 tons and Century acquisition contributed approximately 12,000 tons; older filing stated approximately 89,500 tons and 14,500 tons respectively.
    • Newer filing states the Company recognized hedging related losses of approximately $2.8 million in the 2026 quarter compared to hedging related gains of approximately $0.3 million in the 2025 quarter; older filing stated hedging related gains of approximately $2.5 million in the 2025 period compared to approximately $5.8 million in the 2024 period.
    • Newer filing states flat-roll segment sales totaled approximately $221.8 million compared to approximately $124.1 million; older filing stated approximately $420.4 million compared to approximately $286.9 million.
    • Newer filing states sales generated from processing or storage of customer owned material totaled approximately $1.2 million for both quarters; older filing stated approximately $3.9 million and $3.7 million.
    • Newer filing states sales generated from flat-roll segment inventory totaled approximately $220.6 million compared to approximately $122.9 million; older filing stated approximately $416.5 million compared to approximately $283.2 million.
    • Newer filing states average per ton selling price increased from approximately $926 per ton to approximately $1,262 per ton; older filing stated increase from approximately $868 per ton to approximately $970 per ton.
    • Newer filing states flat-roll sales volume was approximately 175,000 tons from inventory and 17,500 tons of toll processing, compared to 132,500 tons and 19,000 tons; older filing stated approximately 429,000 tons and 59,000 tons, compared to 326,000 tons and 60,000 tons.
    • Newer filing states flat-roll segment earnings from operations were approximately $24.7 million and $8.8 million; older filing stated approximately $21.8 million and $6.6 million.
    • Newer filing states tubular product segment sales totaled approximately $18.2 million compared to approximately $10.7 million; older filing stated approximately $34.7 million compared to approximately $28.5 million.
    • Newer filing states tubular tons sold increased from approximately 9,000 tons to approximately 13,500 tons; older filing stated increase from approximately 26,500 tons to approximately 29,000 tons.
    • Newer filing states tubular average per ton selling price increased from approximately $1,206 per ton to approximately $1,341 per ton; older filing stated increase from approximately $1,065 per ton to approximately $1,198 per ton.
    • Newer filing states tubular segment recorded earnings from operations of approximately $2.1 million and $1.3 million; older filing stated earnings from operations of approximately $3.6 million compared to a loss of approximately $2.0 million.
    • Newer filing states selling, general and administrative costs increased approximately $5.4 million, including approximately $3.1 million higher profit-based and volume-based incentive compensation and approximately $1.7 million of additional ongoing expenses related to Century; older filing stated an increase of approximately $6.6 million, including $1.3 million of one-time transaction costs, $1.7 million of additional ongoing Century expenses, and increased incentive compensation.
    • Newer filing states income taxes increased from a provision of approximately $1.6 million to approximately $4.2 million; older filing referred to a provision for the 2024 period of approximately $0.1 million (text truncated).
    • Newer MD&A is presented for quarterly periods (three months ended June 30), while older MD&A covered nine-month year-to-date periods (ended December 31).
  • Notes:
    • Older filing text for the Income Taxes section is truncated at approximately $0.1 million, limiting complete comparison of that subsection.
    • Newer filing text for the Income Taxes section is truncated at 'The income tax p', limiting complete comparison of that subsection.

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.

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Insider activity (SEC Form 4)

No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.

Most recent open-market transaction: 2026-03-18. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.

View full insider trading history → View SEC Form 3/4/5 filings

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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 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 5
  • Reported shares held 826,890
  • Reported value $26,609,333

reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 3 increased, 2 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.

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Short interest (FINRA)

FRD had 147,366 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).

FRD had 2.04% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.34 days to cover at the same settlement.

  • Reported short interest (shares) 147,366
  • Short interest (% of shares outstanding) 2.04%
  • Prior settlement (shares) 132,868
  • Reported change 10.91%
  • Days to cover (reported) 2.34

Reported to FINRA as of the 2026-09-15 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.

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Competitors & peers

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, Inc. is a metals processor and manufacturer operating in two segments: flat-roll products and tubular products. The flat-roll segment processes and distributes hot-rolled steel coil into sheet, plate, and slit coil for diverse industries, while the tubular segment manufactures electric resistance welded pipe for energy and structural applications.

What sector is FRIEDMAN INDUSTRIES INC (FRD) in?

FRIEDMAN INDUSTRIES INC (FRD) is classified in the Materials sector. Its industry is Steel processing & distribution. It trades on NASDAQ.

Does FRD pay a dividend?

Yes — FRIEDMAN INDUSTRIES INC (FRD) pays a dividend, with an indicated yield of about 0.39% 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 2026-09-03). 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., Ryerson Holding Corporation, Worthington Enterprises, Inc., Olympic Steel, Inc. and Commercial Metals Company. 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 53, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on FRD come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; 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: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-08.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.