NASDAQ:IIIN - Insteel Industries Stock Price, Price Target & More

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$41.77 +1.72 (+4.29 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$40.05
Today's Range$39.67 - $42.70
52-Week Range$23.20 - $42.70
Volume425,300 shs
Average Volume112,238 shs
Market Capitalization$646.63 million
P/E Ratio31.70
Dividend Yield0.35%
Beta2
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 Ratio3.71
Quick Ratio2.05

Price-To-Earnings

Trailing P/E Ratio31.70
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$388.87 million
Price / Sales2.05
Cash Flow$2.2171 per share
Price / Cash18.84
Book Value$11.73 per share
Price / Book3.56

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$22.54 million
Net Margins6.18%
Return on Equity9.36%
Return on Assets7.21%

Miscellaneous

Employees803
Outstanding Shares19,060,000
Market Cap$646.63

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, May 15th. Investors of record on Friday, June 15th will be given a dividend of $0.03 per share on Friday, June 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, June 14th. View Insteel Industries' Dividend History.

How were Insteel Industries' earnings last quarter?

Insteel Industries Inc (NASDAQ:IIIN) announced its quarterly earnings data on Thursday, July, 19th. The industrial products company reported $0.67 earnings per share 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 analysts' expectations of $119.02 million. Insteel Industries had a return on equity of 9.36% and a net margin of 6.18%. Insteel Industries's revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. View Insteel Industries' Earnings History.

What price target have analysts set for IIIN?

2 equities research analysts have issued 12 month price targets for Insteel Industries' shares. Their forecasts range from $34.00 to $34.00. On average, they expect Insteel Industries' share price to reach $34.00 in the next year. This suggests that the stock has a possible downside of 18.6%. View Analyst Ratings for Insteel Industries.

What is the consensus analysts' recommendation for Insteel Industries?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

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

Has Insteel Industries been receiving favorable news coverage?

Media coverage about IIIN stock has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Insteel Industries earned a coverage optimism score of 0.15 on Accern's scale. They also assigned news coverage about the industrial products company an impact score of 46.52 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Insteel Industries' major shareholders?

Insteel Industries' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Municipal Employees Retirement System of Michigan (0.04%). 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 and Scot R Jafroodi. View Institutional Ownership Trends for Insteel Industries.

Which institutional investors are buying Insteel Industries stock?

IIIN stock was bought by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan. 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 $41.77.

How big of a company is Insteel Industries?

Insteel Industries has a market capitalization of $646.63 million and generates $388.87 million in revenue each year. Insteel Industries employs 803 workers across the globe.

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:  2.6 out of 5 (star star)
Outperform Votes:  104 (Vote Outperform)
Underperform Votes:  99 (Vote Underperform)
Total Votes:  203
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 7/20/2018 by MarketBeat.com Staff

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