Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). 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, including engineered structural mesh (ESM), concrete pipe reinforcement (CPR), and standard welded wire reinforcement (SWWR). ESM is 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; CPR is 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 SWWR is 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.
Industry, Sector and Symbol
Industry Steel works, blast furnaces, & rolling & finishing mills
Sub-IndustryBuilding Products
SectorIndustrial Products
SymbolNASDAQ:IIIN
CUSIP45774W10
Phone336-786-2141
Debt
Debt-to-Equity RatioN/A
Current Ratio3.71
Quick Ratio2.05
Price-To-Earnings
Trailing P/E Ratio32.32
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$388.87 million
Price / Sales1.71
Cash Flow$1.8214 per share
Price / Cash19.20
Book Value$11.73 per share
Price / Book2.98
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$22.54 million
Net Margins6.18%
Return on Equity9.36%
Return on Assets7.21%
Miscellaneous
Employees803
Outstanding Shares19,060,000
Insteel Industries (NASDAQ:IIIN) Frequently Asked Questions
What is Insteel Industries' stock symbol?
Insteel Industries trades on the NASDAQ under the ticker symbol "IIIN."
How often does Insteel Industries pay dividends? What is the dividend yield for Insteel Industries?
Insteel Industries announced a quarterly dividend on Tuesday, May 15th. Shareholders of record on Friday, June 15th will be given a dividend of $0.03 per share on Friday, June 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, June 14th. View Insteel Industries' Dividend History.
How were Insteel Industries' earnings last quarter?
Insteel Industries Inc (NASDAQ:IIIN) announced its quarterly earnings data on Monday, April, 23rd. The industrial products company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.47 by $0.16. The industrial products company earned $107.40 million during the quarter, compared to the consensus estimate of $107.30 million. Insteel Industries had a return on equity of 9.36% and a net margin of 6.18%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. View Insteel Industries' Earnings History.
When is Insteel Industries' next earnings date?
What price target have analysts set for IIIN?
2 analysts have issued 1 year target prices for Insteel Industries' shares. Their forecasts range from $34.00 to $34.00. On average, they expect Insteel Industries' share price to reach $34.00 in the next year. View Analyst Ratings for Insteel Industries.
Are investors shorting Insteel Industries?
Insteel Industries saw a decline in short interest in May. As of May 31st, there was short interest totalling 663,202 shares, a decline of 27.0% from the May 15th total of 908,242 shares. Based on an average daily trading volume, of 68,434 shares, the short-interest ratio is presently 9.7 days. Currently, 3.7% of the company's stock are sold short. View Insteel Industries' Current Options Chain.
Who are some of Insteel Industries' key competitors?
Who are Insteel Industries' key executives?
Insteel Industries' management team includes the folowing people:
- Mr. Michael C. Gazmarian, VP, CFO & Treasurer (Age 59)
- Mr. James F. Petelle, VP of Admin. & Sec. (Age 68)
- Mr. Richard T. Wagner, VP (Age 59)
- Mr. Howard Osler Woltz III, Chairman, Pres & CEO (Age 62)
- Mr. Scot R. Jafroodi, Chief Accounting Officer & Corp. Controller
Has Insteel Industries been receiving favorable news coverage?
News stories about IIIN stock have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Insteel Industries earned a coverage optimism score of 0.03 on Accern's scale. They also assigned news stories about the industrial products company an impact score of 43.84 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Insteel Industries' major shareholders?
Insteel Industries' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.33%), Dimensional Fund Advisors LP (6.94%), Royal Bank of Canada (6.31%), Franklin Resources Inc. (6.29%), Thomson Horstmann & Bryant Inc. (2.48%) and Epoch Investment Partners Inc. (2.39%). Company insiders that own Insteel Industries stock include Charles B Newsome, Gary L Pechota, H O Woltz III, James F Petelle, Michael C Gazmarian, Richard Wagner and Scot R Jafroodi. 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 Royal Bank of Canada, Epoch Investment Partners Inc., Citadel Advisors LLC, Franklin Resources Inc., Rhumbline Advisers, Thomson Horstmann & Bryant Inc., Oppenheimer & Co. Inc. and Wells Fargo & Company MN. Company insiders that have sold Insteel Industries company stock in the last year include Charles B Newsome, James F Petelle and Scot R Jafroodi. View Insider Buying and Selling for Insteel Industries.
Which institutional investors are buying Insteel Industries stock?
IIIN stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., BlackRock Inc., JPMorgan Chase & Co., Victory Capital Management Inc., UBS Group AG, Systematic Financial Management LP, Dimensional Fund Advisors LP and Barclays PLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Insteel Industries' stock price today?
One share of IIIN stock can currently be purchased for approximately $34.97.
How big of a company is Insteel Industries?
Insteel Industries has a market capitalization of $659.22 million and generates $388.87 million in revenue each year. Insteel Industries employs 803 workers across the globe.
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.
MarketBeat Community Rating for Insteel Industries (IIIN)
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.
