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NASDAQ:IIIN

Insteel Industries (IIIN) Stock Price, News & Analysis

Insteel Industries logo
$27.25
+0.28 (+1.04%)
(As of 11/1/2024 ET)

About Insteel Industries Stock (NASDAQ:IIIN)

Key Stats

Today's Range
$26.96
$27.38
50-Day Range
$26.91
$34.40
52-Week Range
$26.74
$39.38
Volume
94,947 shs
Average Volume
136,849 shs
Market Capitalization
$530.01 million
P/E Ratio
27.53
Dividend Yield
0.44%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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.

Insteel Industries Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
35th Percentile Overall Score

IIIN MarketRank™: 

Insteel Industries scored higher than 35% of companies evaluated by MarketBeat, and ranked 136th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Insteel Industries are expected to grow by 153.15% in the coming year, from $1.11 to $2.81 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Insteel Industries is 27.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Insteel Industries is 27.53, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.17.

  • Price to Earnings Growth Ratio

    Insteel Industries has a PEG Ratio of 2.02. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Insteel Industries has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Insteel Industries' valuation and earnings.
  • Short Interest

    There is no current short interest data available for IIIN.
  • Dividend Yield

    Insteel Industries has a dividend yield of 0.44%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Insteel Industries does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Insteel Industries is 12.12%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Insteel Industries will have a dividend payout ratio of 4.27% next year. This indicates that Insteel Industries will be able to sustain or increase its dividend.

  • Read more about Insteel Industries' dividend.
  • Short Interest

    There is no current short interest data available for IIIN.
  • News Sentiment

    Insteel Industries has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • Search Interest

    Only 1 people have searched for IIIN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Insteel Industries to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Insteel Industries insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 5.60% of the stock of Insteel Industries is held by insiders.

  • Percentage Held by Institutions

    83.27% of the stock of Insteel Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Insteel Industries' insider trading history.
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IIIN Stock News Headlines

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Bear of the Day: Insteel Industries (IIIN)
Insteel unit acquires welded wire reinforcement firm EWP for $70M
Insteel Industries Expands with Key Acquisition
See More Headlines

IIIN Stock Analysis - Frequently Asked Questions

Insteel Industries' stock was trading at $38.29 at the start of the year. Since then, IIIN shares have decreased by 28.8% and is now trading at $27.25.
View the best growth stocks for 2024 here
.

Insteel Industries, Inc. (NASDAQ:IIIN) released its quarterly earnings results on Thursday, July, 18th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.09. The firm's revenue was down 12.0% compared to the same quarter last year.

Insteel Industries subsidiaries include these companies: Strand-Tech Manufacturing Inc., Insteel Wire Products Company, and Intercontinental Metals Corporation.

Top institutional investors of Insteel Industries include Principal Financial Group Inc. (0.47%), Cardinal Capital Management (0.18%), Ellsworth Advisors LLC (0.08%) and Louisiana State Employees Retirement System (0.05%). Insiders that own company stock include Richard Wagner, Scot R Jafroodi and James F Petelle.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Insteel Industries investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

Last Earnings
7/18/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Today
11/03/2024
Next Earnings (Estimated)
1/16/2025
Fiscal Year End
9/30/2025

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
$19.31 million
Pretax Margin
4.78%

Debt

Sales & Book Value

Annual Sales
$529.20 million
Cash Flow
$1.81 per share
Book Value
$18.04 per share

Miscellaneous

Free Float
18,363,000
Market Cap
$530.01 million
Optionable
Optionable
Beta
1.12

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This page (NASDAQ:IIIN) was last updated on 11/3/2024 by MarketBeat.com Staff
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