Insteel Industries, Inc. (NASDAQ:IIIN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.86 and traded as high as $36.93. Insteel Industries shares last traded at $36.81, with a volume of 84,607 shares traded.
Insteel Industries Price Performance
The business's 50-day moving average price is $37.19 and its 200 day moving average price is $33.15. The firm has a market capitalization of $752.58 million, a price-to-earnings ratio of 39.16, a PEG ratio of 1.81 and a beta of 0.74.
Insteel Industries (NASDAQ:IIIN - Get Free Report) last posted its earnings results on Thursday, July 17th. The industrial products company reported $0.78 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company earned $0.34 EPS. The company's quarterly revenue was up 23.4% on a year-over-year basis. As a group, sell-side analysts expect that Insteel Industries, Inc. will post 1.38 earnings per share for the current year.
Insteel Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.12 annualized dividend and a yield of 0.3%. Insteel Industries's dividend payout ratio is currently 7.50%.
Institutional Trading of Insteel Industries
Several institutional investors have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board raised its holdings in Insteel Industries by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 66,199 shares of the industrial products company's stock valued at $2,463,000 after acquiring an additional 4,548 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Insteel Industries by 372.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,283 shares of the industrial products company's stock valued at $122,000 after acquiring an additional 2,588 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Insteel Industries by 30.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,516 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 583 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Insteel Industries by 1,455.6% in the second quarter. Lazard Asset Management LLC now owns 31,703 shares of the industrial products company's stock valued at $1,179,000 after acquiring an additional 29,665 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Insteel Industries by 42.6% in the second quarter. Engineers Gate Manager LP now owns 19,545 shares of the industrial products company's stock valued at $727,000 after acquiring an additional 5,836 shares in the last quarter. 83.27% of the stock is owned by institutional investors and hedge funds.
Insteel Industries Company Profile
(
Get 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.
Read More
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
