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Insteel Industries (IIIN) Stock Price, News & Analysis

$34.47
+0.10 (+0.29%)
(As of 04:24 PM ET)
Compare
Today's Range
$34.13
$34.78
50-Day Range
$26.98
$36.29
52-Week Range
$24.42
$36.86
Volume
103,504 shs
Average Volume
94,619 shs
Market Capitalization
$670.44 million
P/E Ratio
20.77
Dividend Yield
0.35%
Price Target
N/A

Insteel Industries MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.23
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
210.48%
From $1.24 to $3.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.57 out of 5 stars

Industrial Products Sector

137th out of 170 stocks

Steel Works, Blast Furnaces, & Rolling & Finishing Mills Industry

5th out of 6 stocks


IIIN stock logo

About Insteel Industries Stock (NASDAQ:IIIN)

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. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. It sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

IIIN Stock Price History

IIIN Stock News Headlines

Insteel Industries Inc IIIN
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Insteel Industries Q4 Profit Plunges
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
Insteel Q4 2023 Earnings Preview
Insteel cites pricing squeeze for down quarter
Insteel Industries Inc. Profit Declines In Q3
IIIN - Insteel Industries, Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
10/19/2023
Ex-Dividend for 12/22 Dividend
12/07/2023
Today
12/11/2023
Dividend Payable
12/22/2023
Next Earnings (Estimated)
1/18/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
Building Products
Current Symbol
NASDAQ:IIIN
CUSIP
45774W10
Employees
884
Year Founded
1953

Profitability

Net Income
$32.42 million
Pretax Margin
6.43%

Debt

Sales & Book Value

Annual Sales
$649.19 million
Cash Flow
$2.22 per share
Book Value
$19.61 per share

Miscellaneous

Free Float
18,403,000
Market Cap
$668.50 million
Optionable
Optionable
Beta
1.05

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IIIN Stock Analysis - Frequently Asked Questions

How have IIIN shares performed in 2023?

Insteel Industries' stock was trading at $27.52 at the start of the year. Since then, IIIN stock has increased by 25.3% and is now trading at $34.47.
View the best growth stocks for 2023 here
.

When is Insteel Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our IIIN earnings forecast
.

How were Insteel Industries' earnings last quarter?

Insteel Industries, Inc. (NASDAQ:IIIN) released its earnings results on Thursday, October, 19th. The industrial products company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.62 by $0.33. The industrial products company had revenue of $157.52 million for the quarter, compared to analyst estimates of $167.10 million. Insteel Industries had a trailing twelve-month return on equity of 8.04% and a net margin of 4.99%. During the same period in the previous year, the business earned $1.24 earnings per share.

How often does Insteel Industries pay dividends? What is the dividend yield for Insteel Industries?

Insteel Industries declared a quarterly dividend on Tuesday, November 14th. Stockholders of record on Friday, December 8th will be paid a dividend of $2.50 per share on Friday, December 22nd. This represents a $10.00 dividend on an annualized basis and a dividend yield of 29.01%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for IIIN
.

Is Insteel Industries a good dividend stock?

Insteel Industries (NASDAQ:IIIN) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.35%. The dividend payout ratio is 7.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IIIN will have a dividend payout ratio of 3.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IIIN.

What ETFs hold Insteel Industries' stock?

ETFs with the largest weight of Insteel Industries (NASDAQ:IIIN) stock in their portfolio include EA Series Trust - Euclidean Fundamental Value ETF (ECML).First Trust Dow Jones Select Microcap Index Fund (FDM).

What is H. O. Woltz III's approval rating as Insteel Industries' CEO?

9 employees have rated Insteel Industries Chief Executive Officer H. O. Woltz III on Glassdoor.com. H. O. Woltz III has an approval rating of 81% among the company's employees.

What other stocks do shareholders of Insteel Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Insteel Industries investors own include AbbVie (ABBV), Energy Transfer (ET), Ford Motor (F), General Electric (GE), Gilead Sciences (GILD), Pfizer (PFE), Walgreens Boots Alliance (WBA), Exxon Mobil (XOM), Callon Petroleum (CPE) and Enbridge (ENB).

Who are Insteel Industries' major shareholders?

Insteel Industries' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (2.72%), Royal Bank of Canada (1.82%), Kennedy Capital Management LLC (1.55%), Bank of New York Mellon Corp (1.33%), Oppenheimer & Co. Inc. (1.26%) and Northern Trust Corp (1.10%). Insiders that own company stock include H O Woltz III, James F Petelle, Richard Wagner, Scot R Jafroodi and Scot R Jafroodi.
View institutional ownership trends
.

How do I buy shares of Insteel Industries?

Shares of IIIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Insteel Industries have any subsidiaries?
The following companies are subsidiares of Insteel Industries: Insteel Wire Products Company, Intercontinental Metals Corporation, and Strand-Tech Manufacturing Inc..
Read More
This page (NASDAQ:IIIN) was last updated on 12/11/2023 by MarketBeat.com Staff

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