Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers pre-stressed 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 that 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, distributors, rebar fabricators, and contractors primarily in the United States, as well as in Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Steel works, blast furnaces, & rolling & finishing mills
Sub-IndustryBuilding Products
SectorIndustrial Products
Current SymbolNASDAQ:IIIN
Previous Symbol
CUSIP45774W10
Phone336-786-2141
Debt
Debt-to-Equity RatioN/A
Current Ratio2.72
Quick Ratio1.41
Price-To-Earnings
Trailing P/E Ratio16.60
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$453.22 million
Price / Sales1.19
Cash Flow$2.4191 per share
Price / Cash11.62
Book Value$12.57 per share
Price / Book2.24
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$36.26 million
Net Margins8.00%
Return on Equity14.20%
Return on Assets10.87%
Miscellaneous
Employees810
Outstanding Shares19,220,000
Market Cap$532.85 million
OptionableOptionable
Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions
What is Insteel Industries' stock symbol?
Insteel Industries trades on the NASDAQ under the ticker symbol "IIIN."
How often does Insteel Industries pay dividends? What is the dividend yield for Insteel Industries?
Insteel Industries declared a quarterly dividend on Tuesday, August 14th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.03 per share on Friday, September 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 13th. View Insteel Industries' Dividend History.
How were Insteel Industries' earnings last quarter?
Insteel Industries Inc (NASDAQ:IIIN) issued its earnings results on Thursday, October, 18th. The industrial products company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.56 by $0.07. The industrial products company had revenue of $121.40 million for the quarter, compared to analyst estimates of $130.38 million. Insteel Industries had a return on equity of 14.20% and a net margin of 8.00%. The firm's revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. View Insteel Industries' Earnings History.
When is Insteel Industries' next earnings date?
What price target have analysts set for IIIN?
1 equities research analysts have issued 1-year target prices for Insteel Industries' stock. Their forecasts range from $34.00 to $34.00. On average, they expect Insteel Industries' stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price. View Analyst Price Targets for Insteel Industries.
What is the consensus analysts' recommendation for Insteel Industries?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Insteel Industries.
Has Insteel Industries been receiving favorable news coverage?
Media coverage about IIIN stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Insteel Industries earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days.
Who are some of Insteel Industries' key competitors?
Who are Insteel Industries' key executives?
Insteel Industries' management team includes the folowing people:
- Mr. Howard Osler Woltz III, Chairman, Pres & CEO (Age 62)
- Mr. Michael C. Gazmarian, VP, CFO & Treasurer (Age 59)
- Mr. James F. Petelle, VP of Admin. & Sec. (Age 68)
- Mr. Richard T. Wagner, VP (Age 59)
- Mr. Scot R. Jafroodi, Chief Accounting Officer & Corp. Controller
Who are Insteel Industries' major shareholders?
Insteel Industries' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.70%), Franklin Resources Inc. (4.21%), Royce & Associates LP (3.98%), Thomson Horstmann & Bryant Inc. (1.89%), Bank of New York Mellon Corp (1.19%) and WINTON GROUP Ltd (0.95%). Company insiders that own Insteel Industries stock include Charles B Newsome, Gary L Pechota, H O Woltz III, James F Petelle, Michael C Gazmarian, Richard Wagner, Scot R Jafroodi and W Allen Rogers II. View Institutional Ownership Trends for Insteel Industries.
Which institutional investors are selling Insteel Industries stock?
IIIN stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Royce & Associates LP, Thomson Horstmann & Bryant Inc., Bruce & Co. Inc., Russell Investments Group Ltd., JPMorgan Chase & Co., JPMorgan Chase & Co. and Systematic Financial Management LP. Company insiders that have sold Insteel Industries company stock in the last year include Charles B Newsome, H O Woltz III, James F Petelle, Michael C Gazmarian, Scot R Jafroodi and W Allen Rogers II. View Insider Buying and Selling for Insteel Industries.
Which institutional investors are buying Insteel Industries stock?
IIIN stock was purchased by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, BlackRock Inc., Citadel Advisors LLC, Renaissance Technologies LLC, Hillsdale Investment Management Inc., Los Angeles Capital Management & Equity Research Inc., LPL Financial LLC and BBT Capital Management LLC. View Insider Buying and Selling for Insteel Industries.
How do I buy shares of Insteel Industries?
Shares of IIIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Insteel Industries' stock price today?
One share of IIIN stock can currently be purchased for approximately $27.69.
How big of a company is Insteel Industries?
Insteel Industries has a market capitalization of $532.85 million and generates $453.22 million in revenue each year. Insteel Industries employs 810 workers across the globe.
What is Insteel Industries' official website?
How can I contact Insteel Industries?
Insteel Industries' mailing address is 1373 BOGGS DRIVE, MOUNT AIRY NC, 27030. The industrial products company can be reached via phone at 336-786-2141.
MarketBeat Community Rating for Insteel Industries (NASDAQ IIIN)
MarketBeat's community ratings are surveys of what our community members think about Insteel Industries and other stocks. Vote "Outperform" if you believe IIIN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IIIN will underperform the S&P 500 over the long term. You may vote once every thirty days.
