NASDAQ:IIIN - Insteel Industries Stock Price, News, & Analysis

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$36.19 -0.30 (-0.82 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$36.19
Today's Range$35.68 - $37.64
52-Week Range$24.51 - $43.78
Volume244,531 shs
Average Volume103,111 shs
Market Capitalization$696.43 million
P/E Ratio26.44
Dividend Yield0.33%
Beta2.16
Insteel Industries logoInsteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). 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, including engineered structural mesh (ESM), concrete pipe reinforcement (CPR), and standard welded wire reinforcement (SWWR). ESM is 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; CPR is 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 SWWR is 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Steel works, blast furnaces, & rolling & finishing mills
Sub-IndustryBuilding Products
SectorIndustrial Products
SymbolNASDAQ:IIIN
CUSIP45774W10
Phone336-786-2141

Debt

Debt-to-Equity RatioN/A
Current Ratio3.62
Quick Ratio2.39

Price-To-Earnings

Trailing P/E Ratio26.44
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$388.87 million
Price / Sales1.78
Cash Flow$1.7863 per share
Price / Cash20.26
Book Value$11.73 per share
Price / Book3.09

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$22.54 million
Net Margins7.15%
Return on Equity11.96%
Return on Assets9.34%

Miscellaneous

Employees803
Outstanding Shares19,080,000
Market Cap$696.43 million

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. Shareholders 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 annualized dividend and a yield of 0.33%. The ex-dividend date is Thursday, September 13th. View Insteel Industries' Dividend History.

How were Insteel Industries' earnings last quarter?

Insteel Industries Inc (NASDAQ:IIIN) posted its quarterly earnings results on Thursday, July, 19th. The industrial products company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.15. The industrial products company earned $126.69 million during the quarter, compared to analyst estimates of $119.02 million. Insteel Industries had a net margin of 7.15% and a return on equity of 11.96%. Insteel Industries's revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. View Insteel Industries' Earnings History.

When is Insteel Industries' next earnings date?

Insteel Industries is scheduled to release their next quarterly earnings announcement on Thursday, October, 18th 2018. View Earnings Estimates for Insteel Industries.

What price target have analysts set for IIIN?

1 analysts have issued 12 month price targets for Insteel Industries' shares. Their predictions 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 that the stock has a possible downside of 6.1%. 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.

Who are some of Insteel Industries' key competitors?

Who are Insteel Industries' key executives?

Insteel Industries' management team includes the folowing people:
  • 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. Howard Osler Woltz III, Chairman, Pres & CEO (Age 62)
  • Mr. Scot R. Jafroodi, Chief Accounting Officer & Corp. Controller

Who are Insteel Industries' major shareholders?

Insteel Industries' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.16%), Dimensional Fund Advisors LP (7.00%), Royce & Associates LP (5.32%), Northern Trust Corp (1.52%), Robotti Robert (1.23%) and Russell Investments Group Ltd. (1.08%). 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 Royce & Associates LP, Bank of America Corp DE, First Wilshire Securities Management Inc., Systematic Financial Management LP, Virginia Retirement Systems ET AL, Arizona State Retirement System, Robotti Robert and US Bancorp DE. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Pinebridge Investments L.P., Citadel Advisors LLC, Intrinsic Edge Capital Management LLC, Dimensional Fund Advisors LP, Russell Investments Group Ltd., Schwab Charles Investment Management Inc. and Northern Trust Corp. 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 $36.19.

How big of a company is Insteel Industries?

Insteel Industries has a market capitalization of $696.43 million and generates $388.87 million in revenue each year. Insteel Industries employs 803 workers across the globe.

What is Insteel Industries' official website?

The official website for Insteel Industries is http://www.insteel.com.

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  129 (Vote Outperform)
Underperform Votes:  110 (Vote Underperform)
Total Votes:  239
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.
This page was last updated on 9/22/2018 by MarketBeat.com Staff

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