TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Friedman Industries ( (FRD) ) is now available.
On August 29, 2025, Friedman Industries entered into a definitive agreement to acquire assets from Century Metals & Supplies, Inc., including real estate, operations, and inventory, for approximately $45.25 million in cash and a $3.5 million note. The acquisition, announced on September 2, 2025, expands Friedman’s presence in the southeastern U.S. and Latin American markets, enhances its product offerings, and is expected to be immediately accretive. Additionally, Friedman amended its credit facility to accommodate the acquisition, reducing commitments and extending the maturity date to 2030.
The most recent analyst rating on (FRD) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Friedman Industries stock, see the FRD Stock Forecast page.
Spark’s Take on FRD Stock
According to Spark, TipRanks’ AI Analyst, FRD is a Neutral.
Friedman Industries’ overall stock score is primarily influenced by its stable financial position and positive corporate event. The company’s strong balance sheet and recent executive appointment are significant strengths. However, concerns about cash flow management and the lack of technical analysis data weigh down the score. Valuation is fair, providing a balanced outlook for potential investors.
To see Spark’s full report on FRD stock, click here.
More about Friedman Industries
Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products. The company operates plants in various locations, including Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois; Sinton, Texas; Miami, Florida; and Lone Star, Texas. It has two main segments: flat-roll products, which involve processing ferrous and non-ferrous coils, and tubular products, which involve manufacturing and distributing electric resistance welded pipe.
Average Trading Volume: 36,360
Technical Sentiment Signal: Buy
Current Market Cap: $134.8M
For a thorough assessment of FRD stock, go to TipRanks’ Stock Analysis page.