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NASDAQ:IIINInsteel Industries Stock Price, Forecast & News

$17.65
-0.12 (-0.68 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$17.12
Now: $17.65
$17.75
50-Day Range
$14.53
MA: $16.46
$18.75
52-Week Range
$10.00
Now: $17.65
$26.61
Volume59,609 shs
Average Volume75,770 shs
Market Capitalization$339.94 million
P/E Ratio63.04
Dividend Yield0.68%
Beta1.94
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: 1.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$455.71 million
Cash Flow$0.93 per share
Book Value$13.02 per share

Profitability

Net Income$5.60 million

Miscellaneous

Employees810
Market Cap$339.94 million
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions

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

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 shares have increased by 9.6% and is now trading at $17.65. View which stocks have been most impacted by Coronavirus.

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 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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, July 16th 2020. View our earnings forecast for Insteel Industries.

How were Insteel Industries' earnings last quarter?

Insteel Industries Inc (NASDAQ:IIIN) announced its quarterly earnings data on Thursday, April, 16th. The industrial products company reported $0.24 EPS for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.14. The industrial products company earned $114.86 million during the quarter. Insteel Industries had a net margin of 1.18% and a return on equity of 2.16%. 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 Wednesday, May 20th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.03 per share on Friday, June 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, June 11th. View Insteel Industries' dividend history.

What price target have analysts set for IIIN?

1 equities research analysts have issued 12 month price targets for Insteel Industries' shares. Their forecasts range from $19.00 to $19.00. On average, they expect Insteel Industries' share price to reach $19.00 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price. View analysts' price targets for Insteel Industries.

Has Insteel Industries been receiving favorable news coverage?

Media headlines about IIIN stock have been trending extremely negative on Saturday, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Insteel Industries earned a coverage optimism score of -4.6 on InfoTrie's scale. They also gave media coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutInsteel Industries.

Are investors shorting Insteel Industries?

Insteel Industries saw a decrease in short interest in May. As of May 15th, there was short interest totaling 313,700 shares, a decrease of 5.1% from the April 30th total of 330,400 shares. Based on an average daily trading volume, of 118,800 shares, the short-interest ratio is currently 2.6 days. Currently, 1.7% of the company's shares are short sold. View Insteel Industries' Current Options Chain.

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), AbbVie (ABBV), Energy Transfer LP Unit (ET), General Electric (GE), Ring Energy (REI), Ring Energy (REI), 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.84%), Franklin Resources Inc. (7.79%), State Street Corp (3.34%), Geode Capital Management LLC (1.42%), Bank of New York Mellon Corp (1.08%) and Morgan Stanley (0.97%). Company insiders that own Insteel Industries stock include Charles B Newsome, H O Woltz III, James F Petelle, Jon M Ruth, Michael C Gazmarian, 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 Assenagon Asset Management S.A., THB Asset Management, BlackRock Inc., Systematic Financial Management LP, Two Sigma Investments LP, Oppenheimer & Co. Inc., UBS Group AG, and State Street Corp. View insider buying and selling activity for Insteel Industries.

Which major investors are buying Insteel Industries stock?

IIIN stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Morgan Stanley, Morgan Stanley, Wedge Capital Management L L P NC, Nuveen Asset Management LLC, SG Americas Securities LLC, Dynamic Technology Lab Private Ltd, and ClariVest Asset Management LLC. 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 $17.65.

How big of a company is Insteel Industries?

Insteel Industries has a market capitalization of $339.94 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 5/30/2020 by MarketBeat.com Staff

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