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NASDAQ:IIINInsteel Industries Stock Price, Forecast & News

$14.01
+0.68 (+5.10 %)
(As of 04/6/2020 04:00 PM ET)
Add
Compare
Today's Range
$13.70
Now: $14.01
$14.64
50-Day Range
$10.89
MA: $17.26
$22.58
52-Week Range
$10.00
Now: $14.01
$26.61
Volume118,000 shs
Average Volume128,074 shs
Market Capitalization$269.85 million
P/E Ratio140.11
Dividend Yield0.90%
Beta1.83
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.
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Insteel Industries logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.69 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$455.71 million
Cash Flow$0.99 per share
Book Value$12.77 per share

Profitability

Net Income$5.60 million

Miscellaneous

Employees810
Market Cap$269.85 million
Next Earnings Date4/16/2020 (Estimated)
OptionableOptionable

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Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions

How has Insteel Industries' stock been impacted by COVID-19 (Coronavirus)?

Insteel Industries' stock was trading at $16.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IIIN stock has decreased by 13.0% and is now trading at $14.01. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Insteel Industries?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Insteel Industries.

When is Insteel Industries' next earnings date?

Insteel Industries is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. View our earnings forecast for Insteel Industries.

How were Insteel Industries' earnings last quarter?

Insteel Industries Inc (NASDAQ:IIIN) announced its earnings results on Thursday, January, 16th. The industrial products company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.17. The industrial products company earned $97.57 million during the quarter. Insteel Industries had a return on equity of 0.82% and a net margin of 0.45%. View Insteel Industries' earnings history.

How often does Insteel Industries pay dividends? What is the dividend yield for Insteel Industries?

Insteel Industries announced a quarterly dividend on Tuesday, February 11th. Investors of record on Friday, March 13th will be paid a dividend of $0.03 per share on Friday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, March 12th. View Insteel Industries' dividend history.

What price target have analysts set for IIIN?

1 Wall Street analysts have issued 1 year price objectives for Insteel Industries' stock. Their forecasts range from $19.00 to $19.00. On average, they expect Insteel Industries' share price to reach $19.00 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price. View analysts' price targets for Insteel Industries.

Has Insteel Industries been receiving favorable news coverage?

Headlines about IIIN stock have trended very negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Insteel Industries earned a news impact score of -3.3 on InfoTrie's scale. They also assigned headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutInsteel Industries.

Are investors shorting Insteel Industries?

Insteel Industries saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 329,200 shares, a drop of 22.3% from the February 27th total of 423,700 shares. Based on an average daily volume of 95,200 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.8% of the company's shares are sold short. View Insteel Industries' Current Options Chain.

Who are some of Insteel Industries' key competitors?

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 Ford Motor (F), Pattern Energy Group (PEGI), Primo Water (PRMW), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Chewy (CHWY), General Electric (GE), Exxon Mobil (XOM), Axcelis Technologies (ACLS) and Century Aluminum (CENX).

Who are Insteel Industries' key executives?

Insteel Industries' management team includes the following people:
  • Mr. Howard Osler Woltz III, Chairman, Pres & CEO (Age 63)
  • Mr. Michael C. Gazmarian, VP, CFO & Treasurer (Age 60)
  • Mr. James F. Petelle, VP of Admin. & Sec. (Age 69)
  • Mr. Richard T. Wagner, VP (Age 60)
  • Mr. Scot R. Jafroodi, Chief Accounting Officer & Corp. Controller

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 shareholders include State of Alaska Department of Revenue (0.09%). Company insiders that own Insteel Industries stock include Charles B Newsome, H O Woltz III, James F Petelle, Jon M Ruth, Michael C Gazmarian, Scot R Jafroodi and W Allen Rogers II. View institutional ownership trends for Insteel Industries.

Which major investors are buying Insteel Industries stock?

IIIN stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Insteel Industries' stock price today?

One share of IIIN stock can currently be purchased for approximately $14.01.

How big of a company is Insteel Industries?

Insteel Industries has a market capitalization of $269.85 million and generates $455.71 million in revenue each year. Insteel Industries employs 810 workers across the globe. View additional information about Insteel Industries.

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.

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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