Omega Flex
OFLX
Market cap $516M

51.09 USD

-1.19

2.28%

At close Nov 18, 4:00 PM EST

1 day

-2.28%

5 days

-5.28%

1 month

1.45%

3 months

9.45%

6 months

-23.94%

Year to date

-28.22%

1 year

-25.55%

5 years

-44.59%

10 years

64.81%

About: Omega Flex Inc is a manufacturer of flexible metal hoses, which is used in a variety of ways to carry gases and liquids within their particular applications. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, DEF-Trac and MediTrac brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

Employees: 168

Consumer Discretionary Heating Equipment, Except Electric & Warm Air, & Plumbing Fixtures

0

Funds holding %

of 6,704 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

31% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 26

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

1% less funds holding

Funds holding: 95 [Q2] → 94 (-1) [Q3]

1.29% less ownership

Funds ownership: 34.29% [Q2] → 33.0% (-1.29%) [Q3]

6% less capital invested

Capital invested by funds: $177M [Q2] → $166M (-$11.2M) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for OFLX.

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Financial journalist opinion

Zacks Investment Research

Omega Flex Q3 Earnings Decline Y/Y on Lower Demand, Higher Overheads

OFLX's Q3 earnings decrease as softening demand and higher fixed costs hit margins. Despite cost-cutting efforts, the company witnesses a 9.5% revenue drop and a 17.2% decline in net income.

Omega Flex Q3 Earnings Decline Y/Y on Lower Demand, Higher Overheads

Omega Flex, Inc. Announces Third Quarter 2024 Earnings

EXTON, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first nine months of 2024 and 2023 were $74,716,000 and $83,318,000, respectively, decreasing $8,602,000 or 10.3%. Net Sales for the three months ended September 30, 2024 were 9.5% lower than for the third quarter of 2023. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.

Omega Flex, Inc. Announces Third Quarter 2024 Earnings

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024

EXTON, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2024, to shareholders of record on September 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024

The Motley Fool

A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 74% to Buy Now and Hold Forever

Omega Flex is a leader in flexible metal hose manufacturing. This niche is correlated to the U.S. housing market, meaning the last two years have been rough.

A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 74% to Buy Now and Hold Forever

Zacks Investment Research

Omega Flex (OFLX) Q2 Earnings Flat Y/Y, Cost-Cutting Measures Aid

Omega Flex's (OFLX) Q2 EPS holds steady at 45 cents despite a 4.7% sales decline. Effective cost management helped mitigate the impact of lower unit volumes and market challenges.

Omega Flex (OFLX) Q2 Earnings Flat Y/Y, Cost-Cutting Measures Aid

Omega Flex, Inc. Announces Second Quarter 2024 Earnings

EXTON, Pa., July 31, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first six months of 2024 and 2023 were $49,836,000 and $55,822,000, respectively, decreasing $5,986,000 or 10.7%. Net Sales for the three months ended June 30, 2024 were 4.7% lower than for the second quarter of 2023. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.

Omega Flex, Inc. Announces Second Quarter 2024 Earnings

10 Upcoming Dividend Increases

I highlight ten companies with a history of raising dividends this week. The list will complete not only June, but the first half of 2024. Dividend King National Fuel Gas Company extends its streak with a 4% increase.

10 Upcoming Dividend Increases

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024

EXTON, Pa., June 13, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on July 10, 2024, to shareholders of record on June 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024

Zacks Investment Research

Zacks Initiates Coverage of Omega Flex With Neutral Recommendation

Discover why Zacks gives Omega Flex a 'Neutral' rating, being the first on Wall Street to initiate coverage on the stock. Dive into OFLX's impact in the global construction boom and its strong financial footing, set against the backdrop of a competitive, flexible hose market.

Zacks Initiates Coverage of Omega Flex With Neutral Recommendation

Omega Flex, Inc. Announces First Quarter 2024 Earnings

EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for the first quarters of 2024 and 2023 were $25,216,000 and $29,987,000, respectively, decreasing 15.9%. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.

Omega Flex, Inc. Announces First Quarter 2024 Earnings

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