Northern Trust Corp Has $6.15 Million Stock Holdings in Insteel Industries, Inc. (NASDAQ:IIIN)

Northern Trust Corp grew its holdings in Insteel Industries, Inc. (NASDAQ:IIIN) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,528 shares of the industrial products company’s stock after acquiring an additional 23,427 shares during the quarter. Northern Trust Corp owned 1.17% of Insteel Industries worth $6,146,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Insteel Industries by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 1,241,131 shares of the industrial products company’s stock valued at $33,523,000 after purchasing an additional 41,908 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Insteel Industries by 1.1% in the 4th quarter. American Century Companies Inc. now owns 537,495 shares of the industrial products company’s stock valued at $14,518,000 after purchasing an additional 5,935 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Insteel Industries by 17.8% in the 4th quarter. First Eagle Investment Management LLC now owns 469,752 shares of the industrial products company’s stock valued at $12,688,000 after purchasing an additional 70,878 shares during the last quarter. Robotti Robert increased its stake in shares of Insteel Industries by 0.4% in the 4th quarter. Robotti Robert now owns 299,245 shares of the industrial products company’s stock valued at $8,083,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Insteel Industries by 36.5% during the 4th quarter. Bank of New York Mellon Corp now owns 251,547 shares of the industrial products company’s stock worth $6,794,000 after acquiring an additional 67,244 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors.

Insteel Industries Stock Down 0.5%

Shares of IIIN stock opened at $37.16 on Tuesday. The stock’s fifty day simple moving average is $30.04 and its 200 day simple moving average is $29.06. Insteel Industries, Inc. has a twelve month low of $22.49 and a twelve month high of $37.61. The firm has a market capitalization of $721.35 million, a P/E ratio of 37.54, a P/E/G ratio of 1.81 and a beta of 0.72.

Insteel Industries Company Profile

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.