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

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$20.09 -0.07 (-0.35 %)
(As of 03/18/2019 10:25 AM ET)
Previous Close$20.16
Today's Range$20.02 - $20.27
52-Week Range$19.75 - $43.78
Volume1,290 shs
Average Volume175,786 shs
Market Capitalization$386.19 million
P/E Ratio12.66
Dividend Yield0.60%
Beta1.81
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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Industry, Sector and Symbol

Industry N/A
Sub-IndustryBuilding Products
SectorIndustrial Products
Current SymbolNASDAQ:IIIN
CUSIP45774W10
Phone336-786-2141

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$453.22 million
Cash Flow$2.2804 per share
Book Value$12.57 per share

Profitability

Net Income$36.26 million

Miscellaneous

EmployeesN/A
Market Cap$386.19 million
Next Earnings Date4/22/2019 (Estimated)
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 Wednesday, February 13th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.03 per share on Friday, March 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, March 14th. View Insteel Industries' Dividend History.

How were Insteel Industries' earnings last quarter?

Insteel Industries Inc (NASDAQ:IIIN) issued its quarterly earnings results on Thursday, January, 17th. The industrial products company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The industrial products company had revenue of $104.11 million for the quarter, compared to the consensus estimate of $106.79 million. Insteel Industries had a net margin of 7.02% and a return on equity of 13.50%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. View Insteel Industries' Earnings History.

When is Insteel Industries' next earnings date?

Insteel Industries is scheduled to release their next quarterly earnings announcement on Monday, April 22nd 2019. View Earnings Estimates for Insteel Industries.

What guidance has Insteel Industries issued on next quarter's earnings?

Insteel Industries updated its FY 2019 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $276-285 million, compared to the consensus revenue estimate of $474.82 million.

What price target have analysts set for IIIN?

1 brokers have issued 12-month price objectives for Insteel Industries' shares. Their predictions range from $25.00 to $25.00. On average, they expect Insteel Industries' share price to reach $25.00 in the next year. This suggests a possible upside of 24.4% 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Insteel Industries.

Has Insteel Industries been receiving favorable news coverage?

Media coverage about IIIN stock has trended somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Insteel Industries earned a news sentiment score of 1.1 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

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), Johnson & Johnson (JNJ), General Electric (GE), Boeing (BA), NVIDIA (NVDA), Broadcom (AVGO), Exxon Mobil (XOM), AbbVie (ABBV), Cross Timbers Royalty Trust (CRT) and JPMorgan Chase & Co. (JPM).

Who are Insteel Industries' key executives?

Insteel Industries' management team includes the folowing 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

Who are Insteel Industries' major shareholders?

Insteel Industries' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.01%), Dimensional Fund Advisors LP (6.96%), Dimensional Fund Advisors LP (6.96%), Royce & Associates LP (6.22%), Thomson Horstmann & Bryant Inc. (1.97%) and Northern Trust Corp (1.40%). Company insiders that own Insteel Industries stock include Charles B Newsome, H O Woltz III, James F Petelle, Jon M Ruth, Michael C Gazmarian, Richard Wagner, Scot R Jafroodi and W Allen Rogers II. View Institutional Ownership Trends for Insteel Industries.

Which major investors are selling Insteel Industries stock?

IIIN stock was sold by a variety of institutional investors in the last quarter, including Ranger Investment Management L.P., Millennium Management LLC, WINTON GROUP Ltd, Northern Trust Corp, Barclays PLC, Two Sigma Investments LP, MetLife Investment Advisors LLC and Robotti Robert. 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 major investors are buying Insteel Industries stock?

IIIN stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, BlackRock Inc., Municipal Employees Retirement System of Michigan, State Board of Administration of Florida Retirement System, D. E. Shaw & Co. Inc., Thomson Horstmann & Bryant Inc., American Century Companies Inc. and Stone Ridge Asset 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 $20.09.

How big of a company is Insteel Industries?

Insteel Industries has a market capitalization of $386.19 million and generates $453.22 million in revenue each year.

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:  2.6 out of 5 (star star)
Outperform Votes:  151 (Vote Outperform)
Underperform Votes:  137 (Vote Underperform)
Total Votes:  288
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 3/18/2019 by MarketBeat.com Staff

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