Insteel Industries Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "hold" Insteel Industries stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IIIN, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Insteel Industries a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Insteel Industries wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Insteel Industries saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 339,200 shares, a drop of 27.0% from the March 15th total of 464,600 shares. Based on an average daily trading volume, of 98,200 shares, the short-interest ratio is presently 3.5 days. Approximately 1.9% of the company's stock are sold short.
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Insteel Industries is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Insteel Industries.

Insteel Industries will be holding an earnings conference call on Thursday, April 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Insteel Industries, Inc. (NASDAQ:IIIN) released its earnings results on Wednesday, January, 20th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.15. The industrial products company had revenue of $119.61 million for the quarter. Insteel Industries had a net margin of 4.02% and a trailing twelve-month return on equity of 7.79%.
View Insteel Industries' earnings history.

Insteel Industries' stock was trading at $16.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IIIN stock has increased by 98.8% and is now trading at $32.01.
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Insteel Industries announced a quarterly dividend on Tuesday, February 16th. Shareholders of record on Friday, March 12th will be given a dividend of $0.03 per share on Friday, March 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, March 11th.
View Insteel Industries' dividend history.

Insteel Industries pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.38%.
View Insteel Industries' dividend history.

1 brokers have issued 1 year price objectives for Insteel Industries' shares. Their forecasts range from $19.00 to $19.00. On average, they expect Insteel Industries' stock price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 40.6%.
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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.

Some companies that are related to Insteel Industries include Masco (MAS), Fortune Brands Home & Security (FBHS), Lennox International (LII), Trex (TREX), A. O. Smith (AOS), Builders FirstSource (BLDR), Owens Corning (OC), UFP Industries (UFPI), Simpson Manufacturing (SSD), Armstrong World Industries (AWI), AAON (AAON), Gibraltar Industries (ROCK), Patrick Industries (PATK), American Woodmark (AMWD) and PGT Innovations (PGTI).
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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).

Insteel Industries trades on the NASDAQ under the ticker symbol "IIIN."

Insteel Industries' stock is owned by a number of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.11%), State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.05%) and Carolina Wealth Advisors LLC (0.02%). Company insiders that own Insteel Industries stock include James F Petelle and Jon M Ruth.
View institutional ownership trends for Insteel Industries.

IIIN stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and State of Alaska Department of Revenue.
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IIIN stock was bought by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, and Carolina Wealth Advisors LLC.
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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.
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One share of IIIN stock can currently be purchased for approximately $32.01.

Insteel Industries has a market capitalization of $618.24 million and generates $472.62 million in revenue each year.

Insteel Industries employs 881 workers across the globe.

The official website for Insteel Industries is www.insteel.com.

Insteel Industries is headquartered at 1373 BOGGS DRIVE, MOUNT AIRY NC, 27030.

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.