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NASDAQ:IIIN

Insteel Industries - IIIN Stock Forecast, Price & News

$33.11
+0.34 (+1.04%)
(As of 08/16/2022 12:45 PM ET)
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Compare
Today's Range
$32.60
$33.22
50-Day Range
$29.10
$43.71
52-Week Range
$28.97
$47.70
Volume
1,539 shs
Average Volume
194,440 shs
Market Capitalization
$645.98 million
P/E Ratio
5.17
Dividend Yield
0.37%
Price Target
N/A
IIIN stock logo

About Insteel Industries (NASDAQ:IIIN) Stock

Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed 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, which 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, rebar fabricators, distributors, and contractors primarily in the United States, Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

Insteel Industries Trading Down 0.2 %

Shares of IIIN traded down $0.05 during mid-day trading on Tuesday, hitting $32.72. The company's stock had a trading volume of 1,073 shares, compared to its average volume of 194,440. Insteel Industries has a 1-year low of $28.97 and a 1-year high of $47.70. The firm has a market capitalization of $638.37 million, a P/E ratio of 5.08 and a beta of 1.22. The firm has a 50-day simple moving average of $34.67 and a 200 day simple moving average of $37.79.

Insteel Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.37%. Insteel Industries's payout ratio is currently 1.87%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Insteel Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, August 10th.

Insider Transactions at Insteel Industries

In related news, COO Richard Wagner sold 10,576 shares of the firm's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $42.58, for a total value of $450,326.08. Following the completion of the sale, the chief operating officer now owns 36,620 shares in the company, valued at $1,559,279.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Insteel Industries news, VP Scot R. Jafroodi sold 1,088 shares of the company's stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $45.50, for a total value of $49,504.00. Following the sale, the vice president now owns 41,296 shares of the company's stock, valued at $1,878,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Richard Wagner sold 10,576 shares of the firm's stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $42.58, for a total value of $450,326.08. Following the completion of the transaction, the chief operating officer now owns 36,620 shares of the company's stock, valued at approximately $1,559,279.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,164 shares of company stock valued at $521,600 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

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IIIN Stock News Headlines

Insteel Industries (NASDAQ:IIIN) Downgraded by StockNews.com
Insteel Industries (NASDAQ:IIIN) Sees Strong Trading Volume
Insteel declares $0.03 dividend
Insteel Industries Tops Q2 EPS by 73c
Insteel Industries Reports Second Quarter 2022 Results
See More Headlines
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IIIN Company Calendar

Last Earnings
10/21/2021
Ex-Dividend for 6/24 Dividend
6/09/2022
Dividend Payable
6/24/2022
Today
8/16/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
10/20/2022

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
Building Products
Current Symbol
NASDAQ:IIIN
CUSIP
45774W10
Employees
913
Year Founded
1953

Profitability

Net Income
$66.61 million
Pretax Margin
20.59%

Debt

Sales & Book Value

Annual Sales
$590.60 million
Cash Flow
$4.26 per share
Book Value
$15.56 per share

Miscellaneous

Free Float
18,492,000
Market Cap
$645.98 million
Optionable
Optionable
Beta
1.22

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IIIN Stock - Frequently Asked Questions

How have IIIN shares performed in 2022?

Insteel Industries' stock was trading at $39.81 at the beginning of 2022. Since then, IIIN stock has decreased by 17.7% and is now trading at $32.77.
View the best growth stocks for 2022 here
.

When is Insteel Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our IIIN earnings forecast
.

How were Insteel Industries' earnings last quarter?

Insteel Industries, Inc. (NASDAQ:IIIN) posted its quarterly earnings results on Thursday, October, 21st. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.34. The industrial products company earned $171.26 million during the quarter. Insteel Industries had a net margin of 15.93% and a trailing twelve-month return on equity of 39.39%.

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

Insteel Industries declared a quarterly dividend on Wednesday, May 25th. Stockholders of record on Friday, June 10th will be given a dividend of $0.03 per share on Friday, June 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Thursday, June 9th.
Read our dividend analysis for IIIN
.

Is Insteel Industries a good dividend stock?

Insteel Industries (NASDAQ:IIIN) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.37%. The dividend payout ratio is 1.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IIIN.

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

9 employees have rated Insteel Industries Chief Executive Officer H. O. Woltz III on Glassdoor.com. H. O. Woltz III has an approval rating of 81% among the company's employees.

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 retail and institutional investors. Top institutional shareholders include State Street Corp (3.15%), Royce & Associates LP (3.11%), Oppenheimer & Co. Inc. (1.19%), Northern Trust Corp (1.10%), Millennium Management LLC (1.01%) and Victory Capital Management Inc. (0.90%). Insiders that own company stock include H O Woltz III, James F Petelle, Richard Wagner, Scot R Jafroodi and Scot R Jafroodi.
View institutional ownership trends
.

How do I buy shares of Insteel Industries?

Shares of IIIN stock 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 $32.77.

How much money does Insteel Industries make?

Insteel Industries (NASDAQ:IIIN) has a market capitalization of $639.21 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 $6.41 on an earnings per share basis.

How many employees does Insteel Industries have?

The company employs 913 workers across the globe.

Does Insteel Industries have any subsidiaries?
The following companies are subsidiares of Insteel Industries: Insteel Wire Products Company, Intercontinental Metals Corporation, and Strand-Tech Manufacturing Inc..
Read More
When was Insteel Industries founded?

Insteel Industries was founded in 1953.

How can I contact Insteel Industries?

Insteel Industries' mailing address is 1373 BOGGS DRIVE, MOUNT AIRY NC, 27030. The official website for the company is www.insteel.com. The industrial products company can be reached via phone at (336) 786-2141 or via fax at 336-719-9097.

This page (NASDAQ:IIIN) was last updated on 8/16/2022 by MarketBeat.com Staff

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