Insteel Industries (IIIN) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IIIN shares.
View IIIN analyst ratings or view top-rated stocks.

Insteel Industries' stock was trading at $27.52 at the beginning of the year. Since then, IIIN shares have increased by 16.2% and is now trading at $31.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our IIIN earnings forecast.

Insteel Industries will be holding an earnings conference call on Thursday, October 19th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Insteel Industries, Inc. (NASDAQ:IIIN) released its quarterly earnings data on Thursday, July, 20th. The industrial products company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.67 by $0.13. The industrial products company had revenue of $165.71 million for the quarter. Insteel Industries had a net margin of 7.30% and a trailing twelve-month return on equity of 13.00%.

Insteel Industries announced a quarterly dividend on Tuesday, August 15th. Stockholders of record on Friday, September 15th will be given a dividend of $0.03 per share on Friday, September 29th. This represents a $0.12 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for IIIN.

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

Insteel Industries (NASDAQ:IIIN) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.37%. The dividend payout ratio is 4.60%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IIIN.

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.

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).

Insteel Industries trades on the NASDAQ under the ticker symbol "IIIN."

Insteel Industries' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.30%), Dimensional Fund Advisors LP (6.28%), Royce & Associates LP (4.61%), State Street Corp (3.53%), Mirae Asset Global Investments Co. Ltd. (2.48%) and Franklin Resources Inc. (2.24%). Insiders that own company stock include H O Woltz III, James F Petelle, Richard Wagner, Scot R Jafroodi and Scot R Jafroodi.
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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.
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One share of IIIN stock can currently be purchased for approximately $31.98.

Insteel Industries (NASDAQ:IIIN) has a market capitalization of $621.37 million and generates $826.83 million in revenue each year. The industrial products company earns $125.01 million in net income (profit) each year or $2.61 on an earnings per share basis.

The company employs 964 workers across the globe.

Insteel Industries' mailing address is 1373 BOGGS DRIVE, MOUNT AIRY NC, 27030. The official website for the company is www.insteel.com. The industrial products company can be reached via phone at (336) 786-2141 or via fax at 336-719-9097.