Segall Bryant & Hamill LLC Buys Shares of 61,905 Insteel Industries, Inc. (NASDAQ:IIIN)

Segall Bryant & Hamill LLC purchased a new stake in shares of Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 61,905 shares of the industrial products company's stock, valued at approximately $1,628,000. Segall Bryant & Hamill LLC owned about 0.32% of Insteel Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Insteel Industries by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,241,131 shares of the industrial products company's stock valued at $33,523,000 after purchasing an additional 41,908 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Insteel Industries by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 684,467 shares of the industrial products company's stock valued at $18,487,000 after purchasing an additional 36,978 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Insteel Industries by 1.1% in the 4th quarter. American Century Companies Inc. now owns 537,495 shares of the industrial products company's stock valued at $14,518,000 after purchasing an additional 5,935 shares during the last quarter. Robotti Robert lifted its stake in shares of Insteel Industries by 0.4% in the 4th quarter. Robotti Robert now owns 299,245 shares of the industrial products company's stock valued at $8,083,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Insteel Industries by 11.5% in the 4th quarter. Northern Trust Corp now owns 227,528 shares of the industrial products company's stock valued at $6,146,000 after purchasing an additional 23,427 shares during the last quarter. 83.27% of the stock is owned by institutional investors.

Insteel Industries Price Performance

Shares of NASDAQ:IIIN traded up $0.05 during trading on Friday, hitting $36.13. The company had a trading volume of 294,898 shares, compared to its average volume of 146,023. The stock has a market cap of $701.32 million, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.72. Insteel Industries, Inc. has a one year low of $22.49 and a one year high of $41.64. The company has a fifty day simple moving average of $36.65 and a two-hundred day simple moving average of $31.30.

Insteel Industries (NASDAQ:IIIN - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. Insteel Industries had a return on equity of 5.91% and a net margin of 3.58%. During the same quarter last year, the company posted $0.34 earnings per share. Insteel Industries's quarterly revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts anticipate that Insteel Industries, Inc. will post 1.38 earnings per share for the current year.

Insteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, June 13th. Insteel Industries's dividend payout ratio is currently 10.34%.

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.