NASDAQ:IIIN

Insteel Industries Stock Forecast, Price & News

$40.34

-0.63 (-1.54%)

(As of 12/8/2021 04:00 PM ET)

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Today's Range: $40.29
▼
$41.27
50-Day Range: $36.39
▼
$46.17
52-Week Range: $22.09
▼
$46.50

Volume: 57,982 shs
Average Volume: 97,340 shs
Market Capitalization: $782.92 million

P/E Ratio: 11.86
Dividend Yield: 0.29%
Beta: 1.49

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About Insteel Industries

Insteel Industries, Inc. manufactures and markets steel wire reinforcing products for concrete construction applications. Its products include PC strand and welded wire reinforcement (WWR). The PC strand products refers to seven-wire strand that is used to impart compression forces into precast concrete elements and structures, which may be either pretensioned or posttensioned, providing reinforcement for bridges, parking decks, buildings and other concrete structures. The WWR products produced as either a standard or a specially engineered reinforcing product for use in nonresidential and residential construction. The company was founded by Howard Osler Woltz, Jr. in 1953 and is headquartered in Mount Airy, NC.

Is Now An Opportune Moment To Examine Insteel Industries, Inc. (NYSE:IIIN)?
November 27, 2021 | nasdaq.com

Many Would Be Envious Of Insteel Industries' (NYSE:IIIN) Excellent Returns On Capital
November 25, 2021 | finance.yahoo.com

Scot R. Jafroodi Sells 3,000 Shares of Insteel Industries, Inc. (NASDAQ:IIIN) Stock
November 19, 2021 | americanbankingnews.com

Insteel Industries, Inc. (NASDAQ:IIIN) Announces $0.03 Quarterly Dividend
November 18, 2021 | americanbankingnews.com

Insteel Industries (NASDAQ:IIIN) Hits New 12-Month High at $44.66
November 17, 2021 | americanbankingnews.com

Insteel Industries (NYSE:IIIN) Looks To Prolong Its Impressive Returns
November 3, 2021 | nasdaq.com

At US$40.67, Is It Time To Put Insteel Industries, Inc. (NYSE:IIIN) On Your Watch List?
October 30, 2021 | finance.yahoo.com

Earnings up, shipments down in Insteel's best quarter and fiscal year on record
October 25, 2021 | finance.yahoo.com

Insteel Industries, inc (IIIN) Q4 2021 Earnings Call Transcript
October 22, 2021 | msn.com

Insteel Industries Reports Fourth Quarter and Fiscal 2021 Results
October 21, 2021 | finance.yahoo.com

Insteel Industries Announces Fourth Quarter 2021 Conference Call
September 21, 2021 | finance.yahoo.com

Does Insteel Industries (NYSE:IIIN) Deserve A Spot On Your Watchlist?
September 16, 2021 | nasdaq.com

If You Like EPS Growth Then Check Out Insteel Industries (NYSE:IIIN) Before It's Too Late
September 8, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry: Building Products
Sector: Industrial Products
Current Symbol: NASDAQ:IIIN
Previous Symbol
CUSIP: 45774W10
CIK: 764401
Web: www.insteel.com
Phone: (336) 786-2141
Fax: 336-719-9097
Employees: 881
Year Founded: 1953

Sales & Book Value

Annual Sales: $590.60 million
Price / Sales: 1.33
Cash Flow: $4.05 per share
Price / Cash Flow: 9.97
Book Value: $15.56 per share
Price / Book: 2.59

Profitability

EPS (Most Recent Fiscal Year): $3.40
Net Income: $66.61 million
Net Margins: 11.28%
Pretax Margin: 14.58%
Return on Equity: 24.88%
Return on Assets: 19.09%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.59
Quick Ratio: 2.44

Price-To-Earnings

Trailing P/E Ratio: 11.86
Forward P/E Ratio: N/A
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 19,408,000
Free Float: 18,379,000
Market Cap: $782.92 million
Optionable: Optionable

Company Calendar

Last Earnings: 10/21/2021
Ex-Dividend: 12/01/2021
Today: 12/09/2021
Dividend Payable: 12/17/2021
Next Earnings (Estimated): 1/20/2022
Fiscal Year End: 9/30/2022

Social Links

MarketRank^™

Overall MarketRank^™

1.74 out of 5 stars

Industrial Products Sector

176th out of 246 stocks

Steel Works, Blast Furnaces, & Rolling & Finishing Mills Industry

6th out of 6 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Insteel Industries.

4.1 Community Rank

Outperform Votes
Insteel Industries has received 196 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Insteel Industries has received 116 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Insteel Industries has received 62.82% “outperform” votes from our community.

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.

0.8 Dividend Strength

Dividend Yield
Insteel Industries has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Insteel Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Insteel Industries is 3.53%. This payout ratio is at a healthy, sustainable level, below 75%.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Insteel Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $135,090.00 in company stock.
Percentage Held by Insiders
Only 5.30% of the stock of Insteel Industries is held by insiders.
Percentage Held by Institutions
78.77% of the stock of Insteel Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Insteel Industries is 11.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Insteel Industries is 11.86, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 27.90.
Price to Book Value per Share Ratio
Insteel Industries has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions

How has Insteel Industries' stock been impacted by COVID-19?: Insteel Industries' stock was trading at $16.10 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IIIN shares have increased by 150.6% and is now trading at $40.34.
View which stocks have been most impacted by COVID-19.
When is Insteel Industries' next earnings date?: Insteel Industries is scheduled to release its next quarterly earnings announcement on Thursday, January 20th 2022.
View our earnings forecast for Insteel Industries.
How were Insteel Industries' earnings last quarter?: Insteel Industries, Inc. (NASDAQ:IIIN) posted its quarterly earnings data on Thursday, October, 21st. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.94 by $0.34. The industrial products company earned $171.26 million during the quarter. Insteel Industries had a trailing twelve-month return on equity of 24.88% and a net margin of 11.28%.
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 Thursday, November 18th. Investors of record on Thursday, December 2nd will be given a dividend of $0.03 per share on Friday, December 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, December 1st.
View Insteel Industries' dividend history.
Is Insteel Industries a good dividend stock?: Insteel Industries pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.29%. The dividend payout ratio of Insteel Industries is 3.53%. This payout ratio is at a healthy, sustainable level, below 75%.
View Insteel Industries' dividend history.
Who are Insteel Industries' key executives?: Insteel Industries' management team includes the following people:
Howard Osler Woltz, Chairman, President & Chief Executive Officer
Richard T. Wagner, Chief Operating Officer & Senior Vice President (LinkedIn Profile)
Mark A. Carano, Chief Financial Officer, Treasurer & SVP
Scot R. Jafroodi, Chief Accounting Officer, VP & Controller (LinkedIn Profile)
James F. Petelle, Secretary, Chief Legal Officer & VP-Administration
What is H. O. Woltz III's approval rating as Insteel Industries' CEO?: 9 employees have rated Insteel Industries CEO H. O. Woltz III on Glassdoor.com. H. O. Woltz III has an approval rating of 81% among Insteel Industries' employees.
Who are some of Insteel Industries' key competitors?: Some companies that are related to Insteel Industries include Masco (MAS), Trex (TREX), Builders FirstSource (BLDR), Fortune Brands Home & Security (FBHS), A. O. Smith (AOS), Lennox International (LII), Owens Corning (OC), UFP Industries (UFPI), Simpson Manufacturing (SSD), Armstrong World Industries (AWI), AAON (AAON), Gibraltar Industries (ROCK), Patrick Industries (PATK), Griffon (GFF) and PGT Innovations (PGTI).
View all of IIIN's 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 (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).
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 investors include BlackRock Inc. (16.05%), Dimensional Fund Advisors LP (5.52%), Franklin Resources Inc. (4.46%), Wellington Management Group LLP (2.17%), Royal Bank of Canada (2.03%) and Geode Capital Management LLC (1.65%). Company insiders that own Insteel Industries stock include H O Woltz III, James F Petelle, Richard Wagner, Scot R Jafroodi and Scot R Jafroodi.
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 Franklin Resources Inc., Wellington Management Group LLP, BlackRock Inc., Russell Investments Group Ltd., Morgan Stanley, Goldman Sachs Group Inc., Bridge City Capital LLC, and Two Sigma Advisers LP. Company insiders that have sold Insteel Industries company stock in the last year include H O Woltz III, James F Petelle, Richard Wagner, and Scot R Jafroodi.
View insider buying and selling activity for Insteel Industries or view top insider-selling stocks.
Which major investors are buying Insteel Industries stock?: IIIN stock was bought by a variety of institutional investors in the last quarter, including EAM Global Investors LLC, Aviva PLC, Royal Bank of Canada, Oppenheimer & Co. Inc., EAM Investors LLC, Arrowstreet Capital Limited Partnership, SG Americas Securities LLC, and Tudor Investment Corp Et Al.
View insider buying and selling activity for Insteel Industries or or view top insider-buying stocks.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Insteel Industries' stock price today?: One share of IIIN stock can currently be purchased for approximately $40.34.
How much money does Insteel Industries make?: Insteel Industries has a market capitalization of $782.92 million and generates $590.60 million in revenue each year. The industrial products company earns $66.61 million in net income (profit) each year or $3.40 on an earnings per share basis.
How many employees does Insteel Industries have?: Insteel Industries employs 881 workers across the globe.
When was Insteel Industries founded?: Insteel Industries was founded in 1953.
What is Insteel Industries' official website?: The official website for Insteel Industries is www.insteel.com.
Where are Insteel Industries' headquarters?: Insteel Industries is headquartered at 1373 BOGGS DRIVE, MOUNT AIRY NC, 27030.
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 or via fax at 336-719-9097.

This page was last updated on 12/9/2021 by MarketBeat.com Staff

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Insteel Industries Stock Forecast, Price & News

About Insteel Industries

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

0.0 Analyst's Opinion

4.1 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

0.8 Dividend Strength

2.5 Company Ownership

1.3 Earnings and Valuation

Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions

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

When is Insteel Industries' next earnings date?

How were Insteel Industries' earnings last quarter?

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

Is Insteel Industries a good dividend stock?

Who are Insteel Industries' key executives?

What is H. O. Woltz III's approval rating as Insteel Industries' CEO?

Who are some of Insteel Industries' key competitors?

What other stocks do shareholders of Insteel Industries own?

What is Insteel Industries' stock symbol?

Who are Insteel Industries' major shareholders?

Which major investors are selling Insteel Industries stock?

Which major investors are buying Insteel Industries stock?

How do I buy shares of Insteel Industries?

What is Insteel Industries' stock price today?

How much money does Insteel Industries make?

How many employees does Insteel Industries have?

When was Insteel Industries founded?

What is Insteel Industries' official website?

Where are Insteel Industries' headquarters?

How can I contact Insteel Industries?

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