61,905 Shares in Insteel Industries, Inc. (NASDAQ:IIIN) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in shares of Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 61,905 shares of the industrial products company's stock, valued at approximately $1,628,000. Segall Bryant & Hamill LLC owned 0.32% of Insteel Industries as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of Insteel Industries by 53.9% during the 4th quarter. Millennium Management LLC now owns 71,938 shares of the industrial products company's stock valued at $1,943,000 after buying an additional 25,204 shares during the period. GAMMA Investing LLC increased its holdings in Insteel Industries by 23,382.1% in the 1st quarter. GAMMA Investing LLC now owns 13,150 shares of the industrial products company's stock valued at $3,460,000 after purchasing an additional 13,094 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Insteel Industries by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 96,847 shares of the industrial products company's stock valued at $2,547,000 after purchasing an additional 2,244 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Insteel Industries by 209.8% in the 4th quarter. Two Sigma Advisers LP now owns 37,800 shares of the industrial products company's stock valued at $1,021,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Insteel Industries in the 4th quarter valued at approximately $929,000. Hedge funds and other institutional investors own 83.27% of the company's stock.

Insteel Industries Trading Up 1.8%

Insteel Industries stock traded up $0.65 during trading on Wednesday, hitting $37.58. The company had a trading volume of 177,530 shares, compared to its average volume of 147,032. Insteel Industries, Inc. has a 1-year low of $22.49 and a 1-year high of $41.64. The company's 50 day simple moving average is $36.66 and its 200-day simple moving average is $31.45. The stock has a market cap of $729.50 million, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.72.

Insteel Industries (NASDAQ:IIIN - Get Free Report) last posted its earnings results on Thursday, July 17th. The industrial products company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. Insteel Industries had a net margin of 3.58% and a return on equity of 5.91%. During the same period in the prior year, the firm posted $0.34 earnings per share. Insteel Industries's revenue was up 23.4% compared to the same quarter last year. As a group, analysts forecast that Insteel Industries, Inc. will post 1.38 earnings per share for the current fiscal year.

Insteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.03 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.32%. Insteel Industries's dividend payout ratio (DPR) is 7.50%.

Insteel Industries Profile

Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures.