Price T Rowe Associates Inc. MD decreased its position in shares of Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,307 shares of the industrial products company's stock after selling 37,929 shares during the period. Price T Rowe Associates Inc. MD owned 0.10% of Insteel Industries worth $549,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Insteel Industries by 535.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,970 shares of the industrial products company's stock worth $53,000 after purchasing an additional 1,660 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Insteel Industries by 3,568.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,568 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 2,498 shares during the period. AlphaQuest LLC acquired a new stake in Insteel Industries during the 4th quarter worth $83,000. KLP Kapitalforvaltning AS acquired a new stake in Insteel Industries during the 4th quarter worth $97,000. Finally, Quantbot Technologies LP raised its stake in shares of Insteel Industries by 106.5% in the 4th quarter. Quantbot Technologies LP now owns 8,008 shares of the industrial products company's stock valued at $216,000 after purchasing an additional 4,130 shares during the period. Institutional investors and hedge funds own 83.27% of the company's stock.
Insteel Industries Stock Performance
NASDAQ:IIIN opened at $37.31 on Wednesday. The stock's 50-day simple moving average is $29.26 and its 200 day simple moving average is $28.78. The company has a market cap of $724.26 million, a P/E ratio of 37.69, a P/E/G ratio of 1.81 and a beta of 0.72. Insteel Industries, Inc. has a 52-week low of $22.49 and a 52-week high of $37.61.
Insteel Industries Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding IIIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insteel Industries, Inc. (NASDAQ:IIIN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Insteel Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insteel Industries wasn't on the list.
While Insteel Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
