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Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
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Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
NASDAQ:IIIN

Insteel Industries (IIIN) Stock Price, News & Analysis

$38.22
+0.40 (+1.06%)
(As of 03/28/2024 ET)
Today's Range
$37.55
$38.32
50-Day Range
$33.44
$38.22
52-Week Range
$25.44
$39.38
Volume
98,045 shs
Average Volume
92,308 shs
Market Capitalization
$743.38 million
P/E Ratio
33.24
Dividend Yield
0.31%
Price Target
N/A

Insteel Industries MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.23
Upright™ Environmental Score
News Sentiment
0.85mentions of Insteel Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$61,980 Sold Last Quarter
Proj. Earnings Growth
196.15%
From $1.30 to $3.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.22 out of 5 stars

Industrial Products Sector

124th out of 173 stocks

Steel Works, Blast Furnaces, & Rolling & Finishing Mills Industry

3rd out of 6 stocks

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 Industries Inc.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
IIIN Mar 2024 40.000 call
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
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
Insteel Industries: Safe, Why It's Still A Sell
Insteel Industries Inc IIIN
See More Headlines
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Company Calendar

Last Earnings
1/18/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/29/2024
Dividend Payable
3/29/2024
Next Earnings (Confirmed)
4/25/2024
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
4.78%

Debt

Sales & Book Value

Annual Sales
$649.19 million
Cash Flow
$2.25 per share
Book Value
$19.61 per share

Miscellaneous

Free Float
18,359,000
Market Cap
$743.38 million
Optionable
Optionable
Beta
1.13

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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 on January 1st, 2024. Since then, IIIN stock has decreased by 0.2% and is now trading at $38.22.
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, April 25th 2024.
View our IIIN earnings forecast
.

How can I listen to Insteel Industries' earnings call?

Insteel Industries will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Insteel Industries' earnings last quarter?

Insteel Industries, Inc. (NASDAQ:IIIN) announced its earnings results on Thursday, January, 18th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.06. The industrial products company had revenue of $121.80 million for the quarter, compared to analysts' expectations of $130.07 million. Insteel Industries had a net margin of 3.71% and a trailing twelve-month return on equity of 6.16%. Insteel Industries's revenue for the quarter was down 27.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS.

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

Insteel Industries announced a quarterly dividend on Tuesday, February 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.31%. 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 0.32%. The dividend payout ratio is 10.43%. 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 ETFs hold Insteel Industries' stock?

ETFs with the largest weight of Insteel Industries (NASDAQ:IIIN) stock in their portfolio include Euclidean Fundamental Value ETF (ECML).First Trust Dow Jones Select Microcap Index Fund (FDM).

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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.62%), Vanguard Group Inc. (6.62%), Dimensional Fund Advisors LP (6.37%), Pacer Advisors Inc. (3.75%), Franklin Resources Inc. (3.31%) and Mirae Asset Global Investments Co. Ltd. (2.69%). 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 3/29/2024 by MarketBeat.com Staff

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