NASDAQ:IIIN

Insteel Industries (IIIN) Stock Price, News & Analysis

$33.98
+0.18 (+0.53%)
(As of 05/10/2024 ET)
Today's Range
$33.55
$34.00
50-Day Range
$31.73
$38.22
52-Week Range
$26.86
$39.38
Volume
68,163 shs
Average Volume
93,457 shs
Market Capitalization
$661.93 million
P/E Ratio
27.40
Dividend Yield
0.35%
Price Target
N/A
IIIN stock logo

About Insteel Industries Stock (NASDAQ:IIIN)

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. It sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

IIIN Stock Price History

IIIN Stock News Headlines

Insteel Q2 2024 Earnings Preview
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
What Wall Street expects from Insteel Industries's earnings
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Insteel Industries Inc.
IIIN Mar 2024 40.000 call
Insteel Industries Declares Quarterly Cash Dividend
Insteel Industries Q1 Profit Down - Quick Facts
Insteel Industries (IIIN) Q1 Earnings Beat Estimates
Insteel Industries Reports First Quarter 2024 Results
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Last Earnings
4/25/2024
Today
5/11/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
Building Products
Current Symbol
NASDAQ:IIIN
CUSIP
45774W10
Employees
884
Year Founded
1953

Profitability

Net Income
$32.42 million
Pretax Margin
5.47%

Debt

Sales & Book Value

Annual Sales
$649.19 million
Cash Flow
$2.23 per share
Book Value
$17.49 per share

Miscellaneous

Free Float
18,384,000
Market Cap
$661.93 million
Optionable
Optionable
Beta
1.18

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IIIN Stock Analysis - Frequently Asked Questions

How have IIIN shares performed in 2024?

Insteel Industries' stock was trading at $38.29 at the start of the year. Since then, IIIN shares have decreased by 11.3% and is now trading at $33.98.
View the best growth stocks for 2024 here
.

When is Insteel Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our IIIN earnings forecast
.

How were Insteel Industries' earnings last quarter?

Insteel Industries, Inc. (NASDAQ:IIIN) released its earnings results on Thursday, April, 25th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.13. The industrial products company had revenue of $127.40 million for the quarter, compared to analysts' expectations of $134.89 million. Insteel Industries had a net margin of 4.24% and a trailing twelve-month return on equity of 6.78%. Insteel Industries's quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share.

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

Insteel Industries declared a quarterly dividend on Tuesday, February 13th. Investors of record on Friday, March 15th will be given a dividend of $0.03 per share on Friday, March 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, March 14th.
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 0.36%. The dividend payout ratio is 9.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IIIN will have a dividend payout ratio of 3.12% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

Who are Insteel Industries' major shareholders?

Insteel Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.49%), Mirae Asset Global Investments Co. Ltd. (2.28%), First Eagle Investment Management LLC (1.43%), Oppenheimer & Co. Inc. (1.39%), Principal Financial Group Inc. (0.56%) and Bridge City Capital LLC (0.55%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:IIIN) was last updated on 5/11/2024 by MarketBeat.com Staff

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