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NASDAQ:IIIN

Insteel Industries Stock Forecast, Price & News

$18.99
-0.17 (-0.89 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$18.84
Now: $18.99
$19.74
50-Day Range
$17.43
MA: $18.75
$20.13
52-Week Range
$10.00
Now: $18.99
$26.61
Volume202,848 shs
Average Volume102,827 shs
Market Capitalization$365.77 million
P/E Ratio37.24
Dividend Yield0.63%
Beta1.92
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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Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

0.86 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$455.71 million
Cash Flow$1.02 per share
Book Value$12.77 per share

Profitability

Net Income$5.60 million

Miscellaneous

Employees810
Market Cap$365.77 million
Next Earnings Date10/15/2020 (Estimated)
OptionableOptionable
$18.99
-0.17 (-0.89 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions

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

Insteel Industries' stock was trading at $16.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IIIN shares have increased by 18.0% and is now trading at $18.99.
View which stocks have been most impacted by COVID-19
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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 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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, October 15th 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, July, 16th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.20. The industrial products company had revenue of $121.96 million for the quarter. Insteel Industries had a net margin of 2.19% and a return on equity of 4.18%.
View Insteel Industries' earnings history
.

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

Insteel Industries declared a quarterly dividend on Wednesday, August 19th. Investors of record on Friday, September 11th will be given a dividend of $0.03 per share on Friday, September 25th. This represents a $0.12 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, September 10th.
View Insteel Industries' dividend history
.

What price target have analysts set for IIIN?

1 equities research analysts have issued twelve-month target prices for Insteel Industries' stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate Insteel Industries' stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
View analysts' price targets for Insteel Industries
.

Are investors shorting Insteel Industries?

Insteel Industries saw a decrease in short interest during the month of August. As of August 14th, there was short interest totaling 219,700 shares, a decrease of 23.7% from the July 30th total of 288,000 shares. Based on an average daily volume of 84,800 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.2% of the shares of the company are short sold.
View Insteel Industries' Short Interest
.

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 AbbVie (ABBV), Energy Transfer LP Unit (ET), Ford Motor (F), General Electric (GE), Gilead Sciences (GILD), Pfizer (PFE), Walgreens Boots Alliance (WBA), Exxon Mobil (XOM), Callon Petroleum (CPE) and Enbridge (ENB).

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.23%), Charles Schwab Investment Management Inc. (1.18%), Nuveen Asset Management LLC (1.12%), Assenagon Asset Management S.A. (1.11%), Bank of New York Mellon Corp (1.10%) and Acuitas Investments LLC (0.76%). Company insiders that own Insteel Industries stock include James F Petelle and Jon M Ruth.
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 Goldman Sachs Group Inc., Russell Investments Group Ltd., SG Americas Securities LLC, Wedge Capital Management L L P NC, Charles Schwab Investment Management Inc., Bridge City Capital LLC, Two Sigma Advisers LP, and Prudential Financial Inc..
View insider buying and selling activity for Insteel Industries
.

Which institutional investors are buying Insteel Industries stock?

IIIN stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Acuitas Investments LLC, Captrust Financial Advisors, Nuveen Asset Management LLC, Bank of Montreal Can, Atom Investors LP, AQR Capital Management LLC, and Engineers Gate Manager LP.
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 $18.99.

How big of a company is Insteel Industries?

Insteel Industries has a market capitalization of $365.77 million and generates $455.71 million in revenue each year. Insteel Industries employs 810 workers across the globe.

What is Insteel Industries' official website?

The official website for Insteel Industries is 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 9/19/2020 by MarketBeat.com Staff

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