Insteel Industries (IIIN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $38.61 to $39.26
• 50-Day Range: $33.03 to $39.23
• 52-Week Range: $22.49 to $39.26
• Volume: 72,762 shs
• Average Volume: 145,047 shs
• Market Capitalization: $761.53 million
• P/E Ratio: 39.63
• Dividend Yield: 0.31%
• Price Target: N/A
• Consensus Rating: N/A

Insteel Industries Stock Analysis - MarketRank™

Insteel Industries scored higher than 38% of companies evaluated by MarketBeat, and ranked 400th out of 543 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Insteel Industries.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 115.94%

Earnings Growth

Earnings for Insteel Industries are expected to grow by 115.94% in the coming year, from $1.38 to $2.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Insteel Industries is 39.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Insteel Industries is 39.63, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 24.95.

Price to Earnings Growth Ratio

Insteel Industries has a PEG Ratio of 1.81. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Insteel Industries has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.60% of the float of Insteel Industries has been sold short.

Short Interest Ratio / Days to Cover

Insteel Industries has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Insteel Industries has recently increased by 13.02%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Insteel Industries has a dividend yield of 0.33%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Insteel Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Insteel Industries is 10.34%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Insteel Industries will have a dividend payout ratio of 4.03% next year. This indicates that Insteel Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.5 / 5
• Environmental Score: -4.23

Percentage of Shares Shorted

2.60% of the float of Insteel Industries has been sold short.

Short Interest Ratio / Days to Cover

Insteel Industries has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Insteel Industries has recently increased by 13.02%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.64

News Sentiment

Insteel Industries has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Insteel Industries this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Insteel Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.00% of the stock of Insteel Industries is held by insiders.

Percentage Held by Institutions

83.27% of the stock of Insteel Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IIIN Stock Analysis - Frequently Asked Questions

How have IIIN shares performed this year?

Insteel Industries' stock was trading at $27.01 at the beginning of 2025. Since then, IIIN stock has increased by 45.2% and is now trading at $39.23.

How were Insteel Industries' earnings last quarter?

Insteel Industries, Inc. (NASDAQ:IIIN) released its earnings results on Thursday, January, 16th. The industrial products company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.03. The company's revenue for the quarter was up 6.5% compared to the same quarter last year.

Does Insteel Industries have any subsidiaries?

Insteel Industries subsidiaries include Strand-Tech Manufacturing Inc., Insteel Wire Products Company, and Intercontinental Metals Corporation.

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.

What other stocks do shareholders of Insteel Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Insteel Industries investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AU Optronics (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 1/16/2025
• Record date for 6/27 Dividend: 6/13/2025
• Ex-Dividend for 6/27 Dividend: 6/13/2025
• Dividend Payable: 6/27/2025
• Today: 7/03/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Steel works, blast furnaces, & rolling & finishing mills
• Sub-Industry: Building Products
• Current Symbol: NASDAQ:IIIN
• CIK: 764401
• Web: www.insteel.com
• Phone: (336) 786-2141
• Fax: 336-719-9097
• Employees: 960
• Year Founded: 1953

Profitability

• EPS (Trailing Twelve Months): $1.16
• Trailing P/E Ratio: 39.61
• Forward P/E Ratio: 28.42
• P/E Growth: 1.81
• Net Income: $19.31 million
• Net Margins: 3.58%
• Pretax Margin: 4.69%
• Return on Equity: 5.91%
• Return on Assets: 4.93%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.09
• Quick Ratio: 1.99

Sales & Book Value

• Annual Sales: $570.46 million
• Price / Sales: 1.33
• Cash Flow: $2.34 per share
• Price / Cash Flow: 16.76
• Book Value: $17.07 per share
• Price / Book: 2.30

Miscellaneous

• Outstanding Shares: 19,412,000
• Free Float: 18,265,000
• Market Cap: $761.24 million
• Optionable: Optionable
• Beta: 0.72