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Bank of New York Mellon Corp purchased a new stake in Omega Flex, Inc. (NASDAQ: OFLX) during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,022 shares of the industrial products company's stock, valued at approximately $1,727,000. Bank of New York
OFLX's Q2 earnings per share and sales decline year over year as higher raw-material, transportation and tariff costs weigh on gross margin and operating profit.
EXTON, Pa., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. (the “Company”), announced that net sales of the Company for the six months ended June 30, 2026 and 2025 were $47,150,000 and $48,855,000, respectively, decreasing by $1,705,000 or 3.5%. Net sales for the three months ended June 30, 2026 were 5.8% lower than net sales for the three months ended June 30, 2025. 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.
Arrowstreet Capital Limited Partnership raised its stake in Omega Flex, Inc. (NASDAQ: OFLX) by 70.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,069 shares of the industrial products company's stock after acquiring an additional 17,866 shares during the
Shares of Omega Flex, Inc. (NASDAQ: OFLX - Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $31.81 and traded as low as $29.68. Omega Flex shares last traded at $31.39, with a volume of 67,766 shares changing hands.
Designed for real-world jobsite conditions, new fittings for TracPipe corrugated stainless steel tubing systems make installations more intuitive, efficient and consistent for contractors Designed for real-world jobsite conditions, new fittings for TracPipe corrugated stainless steel tubing systems make installations more intuitive, efficient and consistent for contractors
EXTON, Pa., June 11, 2026 (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 July 7, 2026, to shareholders of record on June 23, 2026. 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's downgrade rating reflects shrinking margins, rising costs and weakening profitability, raising concerns over its near-term growth outlook.