Sidoti Csr Expects Increased Earnings for Insteel Industries

Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) - Sidoti Csr lifted their Q1 2025 earnings per share estimates for Insteel Industries in a report released on Wednesday, October 23rd. Sidoti Csr analyst J. Romero now expects that the industrial products company will post earnings of ($0.03) per share for the quarter, up from their previous estimate of ($0.04). The consensus estimate for Insteel Industries' current full-year earnings is $0.99 per share. Sidoti Csr also issued estimates for Insteel Industries' Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.11 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.99 EPS and FY2026 earnings at $2.81 EPS.

Separately, StockNews.com raised Insteel Industries from a "hold" rating to a "buy" rating in a research note on Friday, October 18th.

Insteel Industries Stock Performance

Shares of IIIN stock traded down $0.58 during trading hours on Friday, reaching $27.82. The company had a trading volume of 84,995 shares, compared to its average volume of 106,221. Insteel Industries has a 12-month low of $26.74 and a 12-month high of $39.38. The company has a market capitalization of $541.79 million, a price-to-earnings ratio of 22.53, a PEG ratio of 1.21 and a beta of 1.10. The stock has a fifty day moving average of $31.04 and a 200-day moving average of $31.80.

Insteel Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. Insteel Industries's dividend payout ratio is currently 9.68%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Isthmus Partners LLC raised its position in Insteel Industries by 6.8% in the second quarter. Isthmus Partners LLC now owns 104,302 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 6,665 shares during the period. nVerses Capital LLC purchased a new stake in Insteel Industries in the 2nd quarter valued at about $121,000. Allspring Global Investments Holdings LLC lifted its position in Insteel Industries by 409.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,340 shares of the industrial products company's stock valued at $128,000 after buying an additional 2,685 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Insteel Industries by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,631 shares of the industrial products company's stock worth $236,000 after buying an additional 585 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Insteel Industries during the second quarter valued at about $270,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

About Insteel Industries

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.