Insteel Industries - IIIN Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" IIIN shares.
View IIIN analyst ratings or view top-rated stocks.

Insteel Industries' stock was trading at $27.52 at the beginning of 2023. Since then, IIIN shares have increased by 9.8% and is now trading at $30.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our IIIN earnings forecast.

Insteel Industries, Inc. (NASDAQ:IIIN) posted its quarterly earnings results on Thursday, October, 21st. The industrial products company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.34. The industrial products company had revenue of $171.26 million for the quarter. Insteel Industries had a net margin of 13.86% and a trailing twelve-month return on equity of 30.65%.

Insteel Industries announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Friday, December 9th will be given a dividend of $0.03 per share on Friday, December 23rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for IIIN.

Insteel Industries (NASDAQ:IIIN) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 2.08%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IIIN.

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.

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 retail and institutional investors. Top institutional investors include ARGI Investment Services LLC (0.53%), Value Holdings Management CO. LLC (0.41%), Euclidean Technologies Management LLC (0.36%), Bridge City Capital LLC (0.33%), New York State Common Retirement Fund (0.29%) and Exchange Traded Concepts LLC (0.21%). Insiders that own company stock include H O Woltz III, James F Petelle, Richard Wagner, Scot R Jafroodi and Scot R Jafroodi.
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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.
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One share of IIIN stock can currently be purchased for approximately $30.21.

Insteel Industries (NASDAQ:IIIN) has a market capitalization of $587.58 million and generates $826.83 million in revenue each year. The industrial products company earns $125.01 million in net income (profit) each year or $5.76 on an earnings per share basis.

The company employs 913 workers across the globe.

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.