Friedman Industries (FRD) reported net earnings of $12.8 million for the quarter ended June 30, 2026, up from $5.0 million a year earlier. Net sales were $240.0 million, up 78% year over year, and diluted earnings per share were $1.79.
The company said sales volume reached about 206,000 tons, a record quarter, rising 28% from the prior-year quarter. Friedman said second-quarter sales volumes are expected to be comparable to first-quarter levels, with sequential margin improvement anticipated from higher average selling prices.
- Net sales were $240.0 million, compared with $134.8 million in the 2025 quarter.
- Net earnings were $12.8 million, compared with $5.0 million a year earlier.
- Basic and diluted earnings per share were $1.79, compared with $0.71 in the prior-year quarter.
- Flat-roll segment sales totaled about $221.8 million, compared with $124.1 million a year earlier.
- Tubular segment sales totaled about $18.2 million, compared with $10.7 million in the prior-year quarter.
$FRD Insider Trading Activity
$FRD insiders have traded $FRD stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FRD stock by insiders over the last 6 months:
- MIKE J TAYLOR (President / CEO / Director) has made 4 purchases buying 1,600 shares for an estimated $29,250 and 0 sales.
- GAURAV CHHIBBAR (Chief Operating Officer) has made 2 purchases buying 1,400 shares for an estimated $25,126 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$FRD Hedge Fund Activity
We have seen 34 institutional investors add shares of $FRD stock to their portfolio, and 19 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TRUFFLE HOUND CAPITAL, LLC removed 33,449 shares (-22.3%) from their portfolio in Q2 2026, for an estimated $1,076,388
- WALLEYE CAPITAL LLC added 25,969 shares (+inf%) to their portfolio in Q2 2026, for an estimated $835,682
- CITADEL ADVISORS LLC added 25,648 shares (+inf%) to their portfolio in Q1 2026, for an estimated $454,482
- O'SHAUGHNESSY ASSET MANAGEMENT, LLC removed 24,249 shares (-35.0%) from their portfolio in Q1 2026, for an estimated $429,692
- CALLAHAN ADVISORS, LLC removed 20,711 shares (-41.0%) from their portfolio in Q2 2026, for an estimated $666,479
- SQUAREPOINT OPS LLC added 18,208 shares (+inf%) to their portfolio in Q1 2026, for an estimated $322,645
- RITHOLTZ WEALTH MANAGEMENT removed 14,367 shares (-34.6%) from their portfolio in Q1 2026, for an estimated $254,583
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
