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Insteel Industries, Inc. (IIIN)

33.62 +0.07 (+0.21%)
At close: April 22 at 4:00 PM EDT
Loading Chart for IIIN
DELL
  • Previous Close 33.55
  • Open 33.55
  • Bid 13.45 x 900
  • Ask 53.79 x 1400
  • Day's Range 33.33 - 34.20
  • 52 Week Range 26.87 - 39.38
  • Volume 66,397
  • Avg. Volume 79,646
  • Market Cap (intraday) 653.852M
  • Beta (5Y Monthly) 1.11
  • PE Ratio (TTM) 29.23
  • EPS (TTM) 1.15
  • Earnings Date Apr 25, 2024
  • Forward Dividend & Yield 0.12 (0.36%)
  • Ex-Dividend Date Mar 14, 2024
  • 1y Target Est 37.50

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.

www.insteel.com

884

Full Time Employees

September 30

Fiscal Year Ends

Recent News: IIIN

Performance Overview: IIIN

Trailing total returns as of 4/22/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

IIIN
12.12%
S&P 500
5.05%

1-Year Return

IIIN
31.53%
S&P 500
21.22%

3-Year Return

IIIN
28.61%
S&P 500
20.06%

5-Year Return

IIIN
150.07%
S&P 500
72.48%

Compare To: IIIN

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Statistics: IIIN

Valuation Measures

Annual
As of 4/22/2024
  • Market Cap

    653.85M

  • Enterprise Value

    570.38M

  • Trailing P/E

    29.23

  • Forward P/E

    25.84

  • PEG Ratio (5yr expected)

    2.16

  • Price/Sales (ttm)

    1.09

  • Price/Book (mrq)

    1.96

  • Enterprise Value/Revenue

    0.94

  • Enterprise Value/EBITDA

    13.37

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    3.71%

  • Return on Assets (ttm)

    3.68%

  • Return on Equity (ttm)

    6.46%

  • Revenue (ttm)

    604.01M

  • Net Income Avi to Common (ttm)

    22.42M

  • Diluted EPS (ttm)

    1.15

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    85.61M

  • Total Debt/Equity (mrq)

    0.64%

  • Levered Free Cash Flow (ttm)

    84.29M

Research Analysis: IIIN

Analyst Price Targets

36.00
37.50 Average
33.62 Current
39.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Company Insights: IIIN

Fair Value

33.62 Current
 

Dividend Score

0 Low
IIIN
Sector Avg.
100 High
 

Hiring Score

0 Low
IIIN
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
IIIN
Sector Avg.
100 High
 

Research Reports: IIIN

  • IIIN: Lowering target price to $35.00

    INSTEEL INDUSTRIES INC has an Investment Rating of HOLD; a target price of $35.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     
  • IIIN: Lowering target price to $38.00

    INSTEEL INDUSTRIES INC has an Investment Rating of HOLD; a target price of $38.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     
  • IIIN: What does Argus have to say about IIIN?

    INSTEEL INDUSTRIES INC has an Investment Rating of HOLD; a target price of $39.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     
  • IIIN: Raising target price to $39.00

    INSTEEL INDUSTRIES INC has an Investment Rating of HOLD; a target price of $39.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     

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