Sidoti Csr Lifts Earnings Estimates for Insteel Industries

Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) - Sidoti Csr boosted their Q1 2026 earnings per share estimates for shares of Insteel Industries in a note issued to investors on Friday, July 18th. Sidoti Csr analyst J. Romero now anticipates that the industrial products company will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.31. The consensus estimate for Insteel Industries' current full-year earnings is $1.38 per share. Sidoti Csr also issued estimates for Insteel Industries' Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.95 EPS, Q1 2027 earnings at $0.42 EPS, Q2 2027 earnings at $0.80 EPS and Q3 2027 earnings at $0.97 EPS.

Insteel Industries Stock Performance

Shares of IIIN opened at $36.13 on Monday. Insteel Industries has a 52-week low of $22.49 and a 52-week high of $41.64. The stock's 50-day simple moving average is $36.65 and its 200 day simple moving average is $31.33. The stock has a market capitalization 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 (NASDAQ:IIIN - Get Free Report) last posted its quarterly 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 return on equity of 5.91% and a net margin of 3.58%. The firm's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share.

Insteel Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.03 per share. The ex-dividend date was Friday, June 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.33%. Insteel Industries's dividend payout ratio (DPR) is currently 7.50%.

Institutional Investors Weigh In On Insteel Industries

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

About Insteel Industries

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.

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