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: $30.19 to $30.57
• 50-Day Range: $26.91 to $33.00
• 52-Week Range: $26.74 to $39.38
• Volume: 94,796 shs
• Average Volume: 105,439 shs
• Market Capitalization: $592.64 million
• P/E Ratio: 30.78
• Dividend Yield: 0.39%
• Price Target: N/A
• Consensus Rating: N/A

Insteel Industries Stock Analysis - MarketRank™

Insteel Industries scored higher than 33% of companies evaluated by MarketBeat, and ranked 140th out of 178 stocks in the industrial products 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: 2.5 / 5
• Proj. Earnings Growth: 153.15%

Earnings Growth

Earnings for Insteel Industries are expected to grow by 153.15% in the coming year, from $1.11 to $2.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Insteel Industries is 30.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Insteel Industries is 30.78, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.02.

Price to Earnings Growth Ratio

Insteel Industries has a PEG Ratio of 2.26. 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 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for IIIN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Insteel Industries has a dividend yield of 0.40%, 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 12.12%. 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 4.27% 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

Short Interest

There is no current short interest data available for IIIN.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.30

News Sentiment

Insteel Industries has a news sentiment score of 0.30. 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 lower news sentiment than the 0.77 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Insteel Industries this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added Insteel Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

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 5.60% 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 $38.29 at the beginning of the year. Since then, IIIN stock has decreased by 20.4% and is now trading at $30.47.
View the best growth stocks for 2024 here.

How were Insteel Industries' earnings last quarter?

Insteel Industries, Inc. (NASDAQ:IIIN) announced its quarterly earnings results on Thursday, October, 17th. The industrial products company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The industrial products company had revenue of $134.30 million for the quarter, compared to the consensus estimate of $140.40 million. Insteel Industries had a trailing twelve-month return on equity of 5.63% and a net margin of 3.65%.

Does Insteel Industries have any subsidiaries?

The following companies are subsidiaries of Insteel Industries: Strand-Tech Manufacturing Inc., Insteel Wire Products Company, and Intercontinental Metals Corporation.

Who are Insteel Industries' major shareholders?

Top institutional investors of Insteel Industries include Royce & Associates LP (4.18%), State Street Corp (3.92%), Pacer Advisors Inc. (3.41%) and Geode Capital Management LLC (2.24%). Insiders that own company stock include Richard Wagner, Scot R Jafroodi and James F Petelle.
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.

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), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 10/17/2024
• Today: 11/24/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Next Earnings (Estimated): 1/16/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Steel works, blast furnaces, & rolling & finishing mills
• Sub-Industry: Building Products
• Current Symbol: NASDAQ:IIIN
• CUSIP: 45774W10
• CIK: 764401
• Web: www.insteel.com
• Phone: (336) 786-2141
• Fax: 336-719-9097
• Employees: 884
• Year Founded: 1953

Profitability

• EPS (Most Recent Fiscal Year): $0.99
• Trailing P/E Ratio: 30.78
• Forward P/E Ratio: 27.45
• P/E Growth: 2.26
• Net Income: $19.31 million
• Net Margins: 3.65%
• Pretax Margin: 4.78%
• Return on Equity: 5.63%
• Return on Assets: 4.75%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.68
• Quick Ratio: 3.79

Sales & Book Value

• Annual Sales: $529.20 million
• Price / Sales: 1.12
• Cash Flow: $1.81 per share
• Price / Cash Flow: 16.85
• Book Value: $18.04 per share
• Price / Book: 1.69

Miscellaneous

• Outstanding Shares: 19,450,000
• Free Float: 18,363,000
• Market Cap: $592.64 million
• Optionable: Optionable
• Beta: 1.12