NASDAQ:IIIN - Insteel Industries Stock Price, News & Analysis

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

Insteel Industries announced a quarterly dividend on Tuesday, August 13th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.03 per share on Friday, September 27th. This represents a $0.12 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, September 12th. View Insteel Industries' Dividend History.

Insteel Industries Inc (NASDAQ:IIIN) released its quarterly earnings data on Thursday, July, 18th. The industrial products company reported $0.11 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.19. The industrial products company earned $126.30 million during the quarter, compared to analysts' expectations of $128.38 million. Insteel Industries had a net margin of 3.62% and a return on equity of 6.55%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. View Insteel Industries' Earnings History.

Insteel Industries is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Insteel Industries.

1 brokers have issued 1-year price targets for Insteel Industries' shares. Their forecasts range from $25.00 to $25.00. On average, they anticipate Insteel Industries' stock price to reach $25.00 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View Analyst Price Targets for 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.

News stories about IIIN stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Insteel Industries earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Insteel Industries.

Insteel Industries saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 580,200 shares, a drop of 5.3% from the July 31st total of 612,400 shares. Based on an average daily trading volume, of 88,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 3.2% of the company's shares are sold short. View Insteel Industries' Current Options Chain.

Some companies that are related to Insteel Industries include NIPPON STL & SU/S (NSSMY), Gerdau (GGB), Companhia Siderurgica Nacional (SID), SSAB SVENSKT ST/ADR (SSAAY), Worthington Industries (WOR), Gibraltar Industries (ROCK), Haynes International (HAYN), General Steel (GSIH) and China Gerui Adv Mtals Grp (CHOPF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Insteel Industries investors own include Ford Motor (F), General Electric (GE), Callon Petroleum (CPE), Cross Timbers Royalty Trust (CRT), Johnson & Johnson (JNJ), Axcelis Technologies (ACLS), Broadcom (AVGO), Cisco Systems (CSCO), Gladstone Investment (GAIN) and Gilead Sciences (GILD).

Insteel Industries' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.26%), Vanguard Group Inc. (5.96%), Price T Rowe Associates Inc. MD (5.48%), Royal Bank of Canada (2.23%), THB Asset Management (2.06%) and Northern Trust Corp (1.37%). 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.

IIIN stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, AQR Capital Management LLC, D. E. Shaw & Co. Inc., JPMorgan Chase & Co., Panagora Asset Management Inc., Systematic Financial Management LP, Municipal Employees Retirement System of Michigan and Vanguard Group Inc.. View Insider Buying and Selling for Insteel Industries.

IIIN stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Oppenheimer & Co. Inc., Morgan Stanley, THB Asset Management, Isthmus Partners LLC, LPL Financial LLC, BlackRock Inc. and Charles Schwab Investment Management Inc.. View Insider Buying and Selling for 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.

One share of IIIN stock can currently be purchased for approximately $22.33.

Insteel Industries has a market capitalization of $429.90 million and generates $453.22 million in revenue each year. Insteel Industries employs 810 workers across the globe.View Additional Information About Insteel Industries.

The official website for Insteel Industries is http://www.insteel.com/.

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.