About Insteel Industries (NASDAQ:IIIN)
Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company's operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). 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. WWR is produced as an engineered reinforcing product for use in nonresidential and residential construction. Its products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Wires & Cables
- Sub-Industry: Building Products
- Symbol: NASDAQ:IIIN
- CUSIP: 45774W10
- Web: www.insteel.com
Capitalization:- Market Cap: $513.67 million
- Outstanding Shares: 19,025,000
Average Prices:- 50 Day Moving Avg: $25.67
- 200 Day Moving Avg: $29.75
- 52 Week Range: $23.20 - $42.81
P/E:- Trailing P/E Ratio: 18.12
- P/E Growth: 1.23
Sales & Book Value:- Annual Revenue: $395.1 million
- Price / Sales: 1.30
- Book Value: $11.52 per share
- Price / Book: 2.34
Dividend:- Annual Dividend: $0.12
- Dividend Yield: 0.4%
Profitability:- EBITDA: $57.39 million
- Net Margins: 5.80%
- Return on Equity: 10.50%
- Return on Assets: 8.00%
Debt:- Current Ratio: 3.79%
- Quick Ratio: 1.53%
Misc:- Average Volume: 157,515 shs.
- Beta: 2.1
- Short Ratio: 5.12
Frequently Asked Questions for Insteel Industries (NASDAQ:IIIN)
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 special dividend on Friday, October 20th. Investors of record on Wednesday, December 20th will be paid a dividend of $1.00 per share on Friday, January 5th. This represents a dividend yield of 0.44%. The ex-dividend date of this dividend is Tuesday, December 19th. View Insteel Industries' Dividend History.
How were Insteel Industries' earnings last quarter?
Insteel Industries, Inc. (NASDAQ:IIIN) posted its earnings results on Thursday, October, 19th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.05. The company earned $96.89 million during the quarter, compared to the consensus estimate of $96.25 million. Insteel Industries had a return on equity of 10.50% and a net margin of 5.80%. Insteel Industries's revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. View Insteel Industries' Earnings History.
Who are some of Insteel Industries' key competitors?
Some companies that are related to Insteel Industries include Hyster-Yale Materials Handling (HY), H&E Equipment Services (HEES), Lindsay Corporation (LNN), Encore Wire Corporation (WIRE), CIRCOR International (CIR), Fairmount Santrol Holdings (FMSA), NN (NNBR), Columbus McKinnon Corporation (CMCO), TPI Composites (TPIC), Ituran Location and Control (ITRN), Casella Waste Systems (CWST), Global Brass and Copper Holdings (BRSS), Myers Industries (MYE), Unifi (UFI), Landauer (LDR), Plug Power (PLUG), Titan International (TWI) and Park-Ohio Holdings Corp. (PKOH).
Who are Insteel Industries' key executives?
Insteel Industries' management team includes the folowing people:
- H. O. Woltz III, Chairman of the Board, President, Chief Executive Officer
- Michael C. Gazmarian, Chief Financial Officer, Vice President, Treasurer
- Richard T. Wagner, Vice President; General Manager of Insteel Wire Products
- James F. Petelle, Vice President - Administration, Secretary
- Charles Benjamin Newsome, Independent Director
- W. Allen Rogers II, Independent Director
- Jon M. Ruth, Independent Director
- Joseph A. Rutkowski, Independent Director
- G. Kennedy Thompson, Independent Director
How do I buy Insteel Industries stock?
Shares of Insteel Industries can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Insteel Industries' stock price today?
One share of Insteel Industries stock can currently be purchased for approximately $27.00.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Insteel Industries (NASDAQ:IIIN) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | N/A |
Consensus Price Target History for Insteel Industries (NASDAQ:IIIN)
Analysts' Ratings History for Insteel Industries (NASDAQ:IIIN)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/25/2017 | Longbow Research | Downgrade | Buy -> Neutral | | High |  |
| 3/22/2017 | Sidoti | Initiated Coverage | Buy | | Low | |
| 7/22/2016 | Rosenblatt Securities | Boost Price Target | Neutral | $31.00 -> $34.00 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for Insteel Industries (NASDAQ:IIIN)Earnings History by Quarter for Insteel Industries (NASDAQ IIIN)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/19/2017 | Q4 2017 | $0.25 | $0.20 | $96.25 million | $96.89 million | View | N/A | |
| 7/20/2017 | Q3 2017 | $0.56 | $0.36 | $122.39 million | $96.90 million | View | N/A | |
| 4/20/2017 | Q2 2017 | $0.51 | $0.39 | $102.46 million | $101.16 million | View | N/A | |
| 1/19/2017 | Q117 | $0.36 | $0.23 | $92.50 million | $93.90 million | View | N/A | |
| 10/20/2016 | Q416 | $0.61 | $0.51 | $125.11 million | $103.10 million | View | Listen | |
| 7/21/2016 | Q316 | $0.52 | $0.71 | $119.48 million | $115.60 million | View | Listen | |
| 4/21/2016 | Q216 | $0.35 | $0.38 | $92.93 million | $107.40 million | View | Listen | |
| 1/21/2016 | Q116 | $0.35 | $0.36 | $103.24 million | $92.40 million | View | Listen | |
| 10/22/2015 | Q415 | $0.48 | $0.50 | $131.14 million | $118.10 million | View | Listen | |
| 7/16/2015 | Q315 | $0.39 | $0.32 | $128.96 million | $117.00 million | View | Listen | |
| 4/16/2015 | Q215 | $0.24 | $0.10 | $111.10 million | $101.80 million | View | Listen | |
| 1/15/2015 | Q115 | $0.18 | $0.22 | $101.00 million | $110.60 million | View | N/A | |
| 10/16/2014 | Q414 | $0.33 | $0.24 | $122.00 million | $117.10 million | View | Listen | |
| 7/17/2014 | Q314 | $0.29 | $0.28 | $106.40 million | $113.20 million | View | N/A | |
| 4/17/2014 | Q214 | $0.13 | $0.19 | $82.90 million | $91.40 million | View | N/A | |
| 1/15/2014 | Q114 | $0.10 | $0.15 | $93.00 million | $87.20 million | View | N/A | |
| 10/17/2013 | Q413 | $0.19 | $0.13 | $101.98 million | $98.20 million | View | N/A | |
| 7/18/2013 | Q3 2013 | $0.27 | $0.18 | $95.10 million | $96.90 million | View | N/A | |
| 4/18/2013 | Q2 2013 | $0.12 | $0.20 | $87.85 million | $82.90 million | View | N/A | |
| 1/17/2013 | 1Q13 | $0.04 | $0.13 | | | View | N/A | |
| 1/17/2013 | Q1 2013 | $0.04 | $0.13 | $85.28 million | $85.90 million | View | N/A | |
| 10/18/2012 | | $0.10 | $0.05 | | | View | N/A | |
| 7/19/2012 | | $0.13 | $0.05 | | | View | N/A | |
| 4/19/2012 | | $0.10 | $0.02 | | | View | N/A | |
| 1/19/2012 | | $0.02 | ($0.01) | | | View | N/A | |
| 10/20/2011 | | $0.22 | $0.05 | | | View | N/A | |
| 7/21/2011 | | $0.30 | $0.27 | | | View | N/A | |
| 4/21/2011 | | | $0.23 | | | View | N/A | |
| 1/27/2011 | | ($0.05) | ($0.44) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Insteel Industries (NASDAQ:IIIN)No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Insteel Industries (NASDAQ:IIIN)| Next Dividend: | 1/5/2018 |
| Annual Dividend: | $0.12 |
| Dividend Yield: | 0.44% |
| Payout Ratio: | 10.17% (Trailing 12 Months of Earnings)
|
Dividend History by Quarter for Insteel Industries (NASDAQ IIIN)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/20/2017 | special | $1.00 | 0.44% | 12/19/2017 | 12/20/2017 | 1/5/2018 |
| 8/15/2017 | Quarterly | $0.03 | 0.47% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 5/11/2017 | quarterly | $0.03 | 0.36% | 6/14/2017 | 6/16/2017 | 6/30/2017 |
| 2/8/2017 | quarterly | $0.03 | 0.33% | 3/15/2017 | 3/17/2017 | 3/31/2017 |
| 11/16/2016 | quarterly | $0.03 | 0.35% | 12/12/2016 | 12/14/2016 | 1/6/2017 |
| 8/17/2016 | quarterly | $0.03 | 0.35% | 9/14/2016 | 9/16/2016 | 9/30/2016 |
| 5/18/2016 | quarterly | $0.03 | 0.45% | 6/8/2016 | 6/10/2016 | 6/24/2016 |
| 2/12/2016 | quarterly | $0.03 | 0.49% | 3/9/2016 | 3/11/2016 | 3/25/2016 |
| 11/12/2015 | special | $1.00 | 0.53% | 12/9/2015 | 12/11/2015 | 1/8/2016 |
| 11/12/2015 | quarterly | $0.03 | 0.53% | 12/9/2015 | 12/11/2015 | 12/29/2015 |
| 8/19/2015 | quarterly | $0.03 | 0.67% | 9/9/2015 | 9/11/2015 | 9/25/2015 |
| 5/13/2015 | quarterly | $0.03 | 0.59% | 6/10/2015 | 6/12/2015 | 6/26/2015 |
| 2/18/2015 | quarterly | $0.03 | 0.55% | 3/11/2015 | 3/13/2015 | 3/27/2015 |
| 11/11/2014 | quarterly | $0.03 | 0.5% | 12/8/2014 | 12/10/2014 | 12/26/2014 |
| 8/19/2014 | quarterly | $0.03 | 0.54% | 9/10/2014 | 9/12/2014 | 9/26/2014 |
| 5/6/2014 | quarterly | $0.03 | 0.59% | 6/11/2014 | 6/13/2014 | 6/27/2014 |
| 2/12/2014 | quarterly | $0.03 | 0.6% | 3/12/2014 | 3/14/2014 | 3/28/2014 |
| 11/5/2013 | quarterly | $0.03 | 0.73% | 12/9/2013 | 12/11/2013 | 12/27/2013 |
| 8/20/2013 | quarterly | $0.03 | 0.71% | 9/11/2013 | 9/13/2013 | 9/27/2013 |
| 5/3/2013 | quarterly | $0.03 | 0.7% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 5/2/2013 | quarterly | $0.03 | | | 6/14/2013 | 6/28/2013 |
| 2/12/2013 | quarterly | $0.03 | 0.71% | 3/13/2013 | 3/15/2013 | 3/29/2013 |
| 12/10/2012 | special | $0.25 | | 12/17/2012 | 12/19/2012 | 12/28/2012 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Insteel Industries (NASDAQ:IIIN)Insider Ownership Percentage: 5.70%
Institutional Ownership Percentage: 81.29%
Insider Trades by Quarter for Insteel Industries (NASDAQ:IIIN)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/24/2017 | Richard Wagner | VP | Sell | 10,732 | $31.62 | $339,345.84 | |
| 5/23/2017 | Richard Wagner | VP | Sell | 20,465 | $31.99 | $654,675.35 | |
| 3/2/2017 | Scot R Jafroodi | Insider | Sell | 5,282 | $37.09 | $195,909.38 | |
| 3/1/2017 | Richard Wagner | VP | Sell | 12,466 | $38.33 | $477,821.78 | |
| 2/13/2017 | Richard Wagner | VP | Sell | 2,501 | $37.31 | $93,312.31 | |
| 12/9/2016 | Charles B Newsome | Director | Sell | 1,000 | $38.82 | $38,820.00 | |
| 11/29/2016 | James F Petelle | VP | Sell | 1,902 | $40.68 | $77,373.36 | |
| 11/28/2016 | Gary L Pechota | Director | Sell | 2,000 | $40.78 | $81,560.00 | |
| 9/9/2016 | Michael C Gazmarian | VP | Sell | 9,488 | $33.37 | $316,614.56 | |
| 9/1/2016 | H O Woltz III | Chairman | Sell | 15,000 | $33.13 | $496,950.00 | |
| 8/30/2016 | H O Woltz III | Chairman | Sell | 20,000 | $34.47 | $689,400.00 | |
| 8/19/2016 | Charles B Newsome | Director | Sell | 1,500 | $33.42 | $50,130.00 | |
| 8/18/2016 | Richard Wagner | VP | Sell | 4,420 | $33.86 | $149,661.20 | |
| 8/15/2016 | Richard Wagner | VP | Sell | 2,178 | $34.69 | $75,554.82 | |
| 8/12/2016 | James F Petelle | VP | Sell | 766 | $34.31 | $26,281.46 | |
| 7/29/2016 | Scot R Jafroodi | Insider | Sell | 10,345 | $34.69 | $358,868.05 | |
| 7/28/2016 | James F Petelle | VP | Sell | 11,913 | $34.70 | $413,381.10 | |
| 7/26/2016 | Michael C Gazmarian | VP | Sell | 59,723 | $34.88 | $2,083,138.24 | |
| 6/8/2016 | James F Petelle | VP | Sell | 4,693 | $28.42 | $133,375.06 | |
| 6/1/2016 | Richard Wagner | VP | Sell | 21,791 | $27.68 | $603,174.88 | |
| 5/5/2016 | Richard Wagner | VP | Sell | 9,653 | $28.22 | $272,407.66 | |
| 5/3/2016 | Richard Wagner | VP | Sell | 20,680 | $28.41 | $587,518.80 | |
| 4/28/2016 | Scot R Jafroodi | CAO | Sell | 16,360 | $28.79 | $471,004.40 | |
| 4/26/2016 | James F Petelle | VP | Sell | 10,302 | $29.46 | $303,496.92 | |
| 4/25/2016 | Gary L Pechota | Director | Sell | 3,000 | $28.58 | $85,740.00 | |
| 3/9/2016 | H O Woltz III | CEO | Sell | 73,796 | $26.19 | $1,932,717.24 | |
| 3/4/2016 | Charles B Newsome | Director | Sell | 3,000 | $26.53 | $79,590.00 | |
| 3/4/2016 | H O Woltz III | CEO | Sell | 76,202 | $26.22 | $1,998,016.44 | |
| 3/3/2016 | Gary L Pechota | Director | Sell | 5,000 | $26.28 | $131,400.00 | |
| 3/1/2016 | Michael C Gazmarian | CFO | Sell | 26,734 | $26.15 | $699,094.10 | |
| 2/29/2016 | James F Petelle | VP | Sell | 6,104 | $26.02 | $158,826.08 | |
| 2/26/2016 | W Allen Rogers II | Director | Sell | 2,500 | $26.00 | $65,000.00 | |
| 2/25/2016 | Michael C Gazmarian | CFO | Sell | 34,439 | $25.76 | $887,148.64 | |
| 2/19/2016 | Michael C Gazmarian | CFO | Buy | 2,549 | $20.27 | $51,668.23 | |
| 2/19/2016 | Richard Wagner | VP | Sell | 4,460 | $25.58 | $114,086.80 | |
| 2/12/2016 | James F. Petelle | VP | Sell | 1,266 | $24.67 | $31,232.22 | |
| 12/7/2015 | Michael C. Gazmarian | CFO | Sell | 13,007 | $23.84 | $310,086.88 | |
| 12/2/2015 | Michael C. Gazmarian | CFO | Sell | 2,854 | $24.65 | $70,351.10 | |
| 12/1/2015 | Michael C. Gazmarian | CFO | Sell | 22,284 | $24.65 | $549,300.60 | |
| 11/20/2015 | H O. Woltz III | CEO | Sell | 11,772 | $24.49 | $288,296.28 | |
| 11/19/2015 | H O. Woltz III | CEO | Sell | 20,350 | $24.23 | $493,080.50 | |
| 11/19/2015 | Scot R. Jafroodi | CAO | Sell | 4,402 | $23.96 | $105,471.92 | |
| 11/18/2015 | James F. Petelle | VP | Sell | 5,639 | $23.87 | $134,602.93 | |
| 11/13/2015 | Richard Wagner | VP | Sell | 2,150 | $22.48 | $48,332.00 | |
| 11/2/2015 | Scot R. Jafroodi | CAO | Sell | 2,532 | $21.45 | $54,311.40 | |
| 10/29/2015 | James F. Petelle | VP | Sell | 1,500 | $21.12 | $31,680.00 | |
| 7/21/2015 | Gary L Pechota | Director | Buy | 2,000 | $17.40 | $34,800.00 | |
| 2/25/2015 | James F Petelle | VP | Sell | 1,300 | $21.25 | $27,625.00 | |
| 2/19/2015 | Michael C Gazmarian | CFO | Sell | 8,731 | $21.63 | $188,851.53 | |
| 8/19/2014 | James F Petelle | VP | Sell | 8,693 | $22.16 | $192,636.88 | |
| 3/7/2014 | Charles B Newsome | Director | Sell | 3,000 | $20.08 | $60,240.00 | |
| 2/10/2014 | James F Petelle | VP | Sell | 1,362 | $19.01 | $25,891.62 | |
| 12/2/2013 | James F Petelle | VP | Sell | 1,500 | $19.46 | $29,190.00 | |
| 8/13/2013 | James F Petelle | VP | Sell | 1,800 | $17.05 | $30,690.00 | |
| 6/5/2013 | H O Woltz III | CEO | Sell | 16,577 | $17.88 | $296,396.76 | |
| 6/3/2013 | H O Woltz III | CEO | Sell | 24,961 | $18.22 | $454,789.42 | |
| 5/29/2013 | H O Woltz III | CEO | Sell | 10,546 | $18.50 | $195,101.00 | |
| 5/20/2013 | Gary L Pechota | Director | Sell | 2,500 | $18.15 | $45,375.00 | |
| 5/17/2013 | James F Petelle | VP | Sell | 4,411 | $18.02 | $79,486.22 | |
| 5/17/2013 | Scot R Jafroodi | CAO | Sell | 1,000 | $18.30 | $18,300.00 | |
| 5/13/2013 | James F Petelle | VP | Sell | 1,541 | $17.74 | $27,337.34 | |
| 3/6/2013 | H O Woltz III | CEO | Sell | 18,500 | $16.39 | $303,215.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Insteel Industries (NASDAQ:IIIN)
Latest Headlines for Insteel Industries (NASDAQ:IIIN)
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Insteel Industries (IIIN) Chart for Monday, October, 23, 2017
