Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.