On November 21, 2024, Mike Taylor, President, Chief Executive Officer, and Director of Friedman Industries Inc (FRD, Financial), purchased 2,000 shares of the company. Following this transaction, the insider now owns a total of 164,154 shares. The transaction details can be found in the SEC Filing.
Friedman Industries Inc is engaged in the steel processing, pipe manufacturing, and steel and pipe distribution. The company operates in two segments: coil products and tubular products. The coil products segment processes hot-rolled steel coils into flat, finished sheet and plate products. The tubular products segment manufactures and distributes steel pipe.
The insider transaction history for Friedman Industries Inc indicates a trend of insider buying, with 13 insider purchases and no insider sales over the past year. Mike Taylor has been active in acquiring shares, purchasing a total of 22,000 shares over the past year without any sales.
On the day of the recent purchase, shares of Friedman Industries Inc were trading at $13.50, resulting in a market cap of $107.912 million. The company's price-earnings ratio stands at 13.59, which is lower than the industry median of 15.59 but higher than the company's historical median price-earnings ratio.
The GF Value for Friedman Industries Inc is estimated at $14.27, giving it a price-to-GF-Value ratio of 0.95. This suggests that the stock is fairly valued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also includes a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
