NASDAQ:IIIN

Insteel Industries (IIIN) Stock Forecast, Price & News

$33.13

+1.23 (+3.86%)

(As of 09/27/2023 ET)

Compare

Today's Range: $32.21
▼
$33.25
50-Day Range: $30.69
▼
$35.72
52-Week Range: $24.00
▼
$35.80

Volume: 86,654 shs
Average Volume: 94,825 shs
Market Capitalization: $643.82 million

P/E Ratio: 12.69
Dividend Yield: 0.36%
Price Target: N/A

Insteel Industries MarketRank™ Forecast

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: Selling Shares
$160,571 Sold Last Quarter
Proj. Earnings Growth: N/A

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

163rd out of 178 stocks

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

6th out of 6 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Insteel Industries.

N/A

Short Interest

Short Interest
There is no current short interest data available for IIIN.

0.8

Dividend Strength

Dividend Yield
Insteel Industries has a dividend yield of 0.38%, 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 4.60%. This payout ratio is at a healthy, sustainable level, below 75%.

0.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Insteel Industries has received a -73.78% net impact score from Upright. The largest negative impact of Insteel Industries in category "GHG emissions" seems to be driven mostly by its "Carbon steel wire", "Steel reinforcement meshes", and "Stainless steel wire" products. See details.
Environmental Sustainability
The Environmental Impact score for Insteel Industries is -4.23.

3.1

News and Social Media Coverage

News Sentiment
Insteel Industries has a news sentiment score of 1.54. 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 is a higher news sentiment than the 0.68 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Insteel Industries this week, compared to 1 article on an average week.
MarketBeat Follows
6 people have added Insteel Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Insteel Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $160,571.00 in company stock.
Percentage Held by Insiders
Only 5.40% of the stock of Insteel Industries is held by insiders.
Percentage Held by Institutions
80.99% of the stock of Insteel Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Insteel Industries is 12.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Insteel Industries is 12.69, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.71.
Price to Book Value per Share Ratio
Insteel Industries has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Insteel Industries (NASDAQ:IIIN) Stock

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. The company sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors primarily in the United States, Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

IIIN Price History

30 days | 90 days | 365 days | Advanced Chart

IIIN Stock News Headlines

September 19, 2023 | finance.yahoo.com

Insteel Industries Announces Fourth Quarter 2023 Conference Call

September 14, 2023 | finance.yahoo.com

Here's What To Make Of Insteel Industries' (NYSE:IIIN) Decelerating Rates Of Return

September 28, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

August 1, 2023 | finance.yahoo.com

Insteel Industries, Inc. (NYSE:IIIN) is largely controlled by institutional shareholders who own 82% of the company

July 25, 2023 | finance.yahoo.com

Insteel cites pricing squeeze for down quarter

July 23, 2023 | finance.yahoo.com

Insteel Industries, Inc. (NYSE:IIIN) Q3 2023 Earnings Call Transcript

July 20, 2023 | markets.businessinsider.com

Insteel Industries Inc. Profit Declines In Q3

July 20, 2023 | finance.yahoo.com

Insteel Industries Reports Third Quarter 2023 Results

September 28, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

June 20, 2023 | finance.yahoo.com

Insteel Industries Announces Third Quarter 2023 Conference Call

June 15, 2023 | sg.finance.yahoo.com

IIIN - Insteel Industries, Inc.

June 2, 2023 | finance.yahoo.com

Investing in Insteel Industries (NYSE:IIIN) three years ago would have delivered you a 87% gain

May 19, 2023 | finance.yahoo.com

Is Insteel Industries, Inc.'s (NYSE:IIIN) Recent Stock Performance Tethered To Its Strong Fundamentals?

May 18, 2023 | msn.com

Insteel Industries (IIIN) Declares $0.03 Dividend

May 16, 2023 | msn.com

Insteel Industries, Inc. declares $0.03 dividend

May 5, 2023 | finance.yahoo.com

When Should You Buy Insteel Industries, Inc. (NYSE:IIIN)?

April 27, 2023 | finance.yahoo.com

Insteel Industries, Inc. (NYSE:IIIN) Q2 2023 Earnings Call Transcript

April 21, 2023 | finance.yahoo.com

Calculating The Fair Value Of Insteel Industries, Inc. (NYSE:IIIN)

April 20, 2023 | seekingalpha.com

Insteel Industries, Inc. 2023 Q3 - Results - Earnings Call Presentation

April 20, 2023 | finance.yahoo.com

Inflation, weather affect Insteel's quarter, but company sees improvements in rest of year

April 20, 2023 | finance.yahoo.com

Insteel Industries Reports Second Quarter 2023 Results

April 12, 2023 | seekingalpha.com

Insteel Industries Is Offering A Good Entry Point

April 9, 2023 | uk.finance.yahoo.com

Why The 37% Return On Capital At Insteel Industries (NYSE:IIIN) Should Have Your Attention

March 20, 2023 | businesswire.com

Insteel Industries Announces Second Quarter 2023 Conference Call

February 22, 2023 | finance.yahoo.com

Insteel Industries, Inc. (NYSE:IIIN) is largely controlled by institutional shareholders who own 80% of the company

February 8, 2023 | yahoo.com

Here's Why Shareholders May Want To Be Cautious With Increasing Insteel Industries, Inc.'s (NYSE:IIIN) CEO Pay Packet

January 27, 2023 | seekingalpha.com

Insteel Industries: Waiting On The Sidelines Till The Bottom Is In Place

See More Headlines

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IIIN Company Calendar

Ex-Dividend for 6/30 Dividend: 6/15/2023
Dividend Payable: 6/30/2023
Last Earnings: 7/20/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Today: 9/27/2023
Dividend Payable: 9/29/2023
Fiscal Year End: 9/30/2023
Next Earnings (Confirmed): 10/19/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry: Building Products
Sector: Industrial Products
Current Symbol: NASDAQ:IIIN
CUSIP: 45774W10
CIK: 764401
Web: www.insteel.com
Phone: (336) 786-2141
Fax: 336-719-9097
Employees: 964
Year Founded: 1953

Profitability

EPS (Most Recent Fiscal Year): $2.61
Trailing P/E Ratio: 12.69
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $125.01 million
Net Margins: 7.30%
Pretax Margin: 9.44%
Return on Equity: 13.00%
Return on Assets: 10.96%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.83
Quick Ratio: 3.22

Sales & Book Value

Annual Sales: $826.83 million
Price / Sales: 0.78
Cash Flow: $7.50 per share
Price / Cash Flow: 4.42
Book Value: $20.01 per share
Price / Book: 1.66

Miscellaneous

Outstanding Shares: 19,430,000
Free Float: 18,384,000
Market Cap: $643.72 million
Optionable: Optionable
Beta: 1.06

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Key Executives

Mr. Howard Osler Woltz III (Age 67)
Pres, CEO & Chairman
Comp: $1.85M

Mr. Richard T. Wagner (Age 64)
Sr. VP & COO
Comp: $843.6k

Mr. James F. Petelle (Age 73)
Sec. & Chief Legal Officer
Comp: $603.97k

Mr. James R. York (Age 64)
Sr. VP of Sourcing & Logistics
Comp: $588.94k

Mr. Scot R. Jafroodi (Age 53)
CFO, VP, Chief Accounting Officer & Corp. Controller

Elizabeth Carroll Southern
VP of Admin.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

IIIN Stock - Frequently Asked Questions

Should I buy or sell Insteel Industries stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" IIIN shares.
View IIIN analyst ratings or view top-rated stocks.
How have IIIN shares performed in 2023?: Insteel Industries' stock was trading at $27.52 on January 1st, 2023. Since then, IIIN stock has increased by 20.4% and is now trading at $33.13.
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, October 19th 2023.
View our IIIN earnings forecast.
How can I listen to Insteel Industries' earnings call?: 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.
How were Insteel Industries' earnings last quarter?: Insteel Industries, Inc. (NASDAQ:IIIN) released its quarterly earnings results on Thursday, July, 20th. The industrial products company reported $0.54 earnings per share for the quarter, missing the consensus estimate 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%.
How often does Insteel Industries pay dividends? What is the dividend yield for Insteel Industries?: Insteel Industries announced a quarterly dividend on Tuesday, August 15th. Investors of record on Friday, September 15th will be paid a dividend of $0.03 per share on Friday, September 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, September 14th.
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 Euclidean Fundamental Value ETF (ECML).First Trust Dow Jones Select Microcap Index Fund (FDM).
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 0.38%. The dividend payout ratio is 4.60%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IIIN.

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).
What is Insteel Industries' stock symbol?: Insteel Industries trades on the NASDAQ under the ticker symbol "IIIN."
Who are Insteel Industries' major shareholders?: Insteel Industries' stock is owned by a number of retail and institutional investors. Top institutional investors 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.
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.
What is Insteel Industries' stock price today?: One share of IIIN stock can currently be purchased for approximately $33.13.
How much money does Insteel Industries make?: Insteel Industries (NASDAQ:IIIN) has a market capitalization of $643.72 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.
How many employees does Insteel Industries have?: The company employs 964 workers across the globe.
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
How can I contact Insteel Industries?: 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.

This page (NASDAQ:IIIN) was last updated on 9/28/2023 by MarketBeat.com Staff

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Insteel Industries (IIIN) Stock Forecast, Price & News

Insteel Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Insteel Industries (NASDAQ:IIIN) Stock

IIIN Price History

IIIN Stock News Headlines

IIIN Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

IIIN Stock - Frequently Asked Questions

Overall MarketRank^™