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
Stock Exchange NASDAQ
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 Ratio31.38
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$388.87 million
Price / Sales1.65
Cash Flow$1.8005 per share
Price / Cash18.65
Book Value$11.73 per share
Price / Book2.86
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
Market Cap$640.14
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 declared a quarterly dividend on Tuesday, May 15th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.03 per share on Friday, June 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.36%. 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) issued its quarterly earnings data on Monday, April, 23rd. The industrial products company reported $0.31 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 6.18% and a return on equity of 9.36%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. View Insteel Industries' Earnings History.
When is Insteel Industries' next earnings date?
What price target have analysts set for IIIN?
2 equities research analysts have issued 12 month price targets for Insteel Industries' shares. Their predictions range from $34.00 to $34.00. On average, they anticipate Insteel Industries' stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price. View Analyst Ratings for Insteel Industries.
What is the consensus analysts' recommendation for Insteel Industries?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Insteel Industries in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
Are investors shorting Insteel Industries?
Insteel Industries saw a drop in short interest in May. As of May 31st, there was short interest totalling 663,202 shares, a drop of 27.0% from the May 15th total of 908,242 shares. Based on an average daily trading volume, of 68,434 shares, the days-to-cover ratio is currently 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 headlines about IIIN stock have trended somewhat positive this week, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.05 on Accern's scale. They also gave media coverage about the industrial products company an impact score of 44.47 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
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 $33.58.
How big of a company is Insteel Industries?
Insteel Industries has a market capitalization of $640.14 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 (NASDAQ 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.
