Louis Hannen - Insteel Industries Independent Director

IIIN Stock  USD 34.12  0.74  2.12%   

Director

Mr. Louis Edward Hannen has resigned as Independent Director of the Company. effective 1 April 2016. He served in various capacities with Wheat First Securities Inc. from 1975 until his retirement as Senior Vice President in 1993. He occasionally served as an independent investment advisor and consultant from 1993 to 2010. Mr. Hannen has 30 years of experience in the securities analysis and research field starting with the SEC in 1963. Mr. Hannen then worked for Craigie and Company from 1965 to 1970 and Legg Mason Wood Walker Inc. from 1970 to 1975 before joining Wheat First Securities Inc. since 1995.
Age 76
Tenure 29 years
Address 1373 Boggs Drive, Mount Airy, NC, United States, 27030
Phone336 786 2141
Webhttps://www.insteel.com

Insteel Industries Management Efficiency

The company has return on total asset (ROA) of 0.0368 % which means that it generated a profit of $0.0368 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0646 %, meaning that it created $0.0646 on every $100 dollars invested by stockholders. Insteel Industries' management efficiency ratios could be used to measure how well Insteel Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of April 2024, Return On Capital Employed is likely to grow to 0.11, while Return On Tangible Assets are likely to drop 0.05. At this time, Insteel Industries' Total Assets are very stable compared to the past year. As of the 25th of April 2024, Other Current Assets is likely to grow to about 4.8 M, while Non Current Assets Total are likely to drop about 94.3 M.
The company currently holds 1.94 M in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Insteel Industries has a current ratio of 5.25, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Insteel Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Insteel Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Insteel Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Insteel to invest in growth at high rates of return. When we think about Insteel Industries' use of debt, we should always consider it together with cash and equity.

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Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina. Insteel Industries operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. Insteel Industries (IIIN) is traded on New York Stock Exchange in USA. It is located in 1373 Boggs Drive, Mount Airy, NC, United States, 27030 and employs 884 people. Insteel Industries is listed under Building Products category by Fama And French industry classification.

Management Performance

Insteel Industries Leadership Team

Elected by the shareholders, the Insteel Industries' board of directors comprises two types of representatives: Insteel Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Insteel. The board's role is to monitor Insteel Industries' management team and ensure that shareholders' interests are well served. Insteel Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Insteel Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
W Rogers, Independent Director
James York, Senior Vice President - Sourcing and Logistics
Allen Rogers, Independent Director
Jon Ruth, Independent Director
Elizabeth Southern, Secretary Administration
James Petelle, Vice President - Administration, Company Secretary, Chief Legal Officer
Michael Gazmarian, CFO, VP and Treasurer
Abney Boxley, Independent Director
Gary Pechota, Independent Director
Richard Wagner, VP and General Manager of the Concrete Reinforcing Products Bus. Unit - Insteel Wire Products Company
Richard Vaughn, Lead Independent Director
Kennedy Thompson, Independent Director
Louis Hannen, Independent Director
G Thompson, Independent Director
Howard III, CEO President
Charles Newsome, Independent Director
Scot Jafroodi, Chief VP
H Woltz, Chairman of the Board, President, Chief Executive Officer
Mark Carano, Chief Financial Officer, Senior Vice President, Treasurer
Anne Lloyd, Independent Director
Joseph Rutkowski, Independent Director

Insteel Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Insteel Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Insteel Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Insteel Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Insteel Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Insteel Industries Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Insteel Industries' price analysis, check to measure Insteel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Insteel Industries is operating at the current time. Most of Insteel Industries' value examination focuses on studying past and present price action to predict the probability of Insteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Insteel Industries' price. Additionally, you may evaluate how the addition of Insteel Industries to your portfolios can decrease your overall portfolio volatility.
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Is Insteel Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Insteel Industries. If investors know Insteel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Insteel Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.90)
Dividend Share
0.12
Earnings Share
1.15
Revenue Per Share
30.98
Quarterly Revenue Growth
(0.27)
The market value of Insteel Industries is measured differently than its book value, which is the value of Insteel that is recorded on the company's balance sheet. Investors also form their own opinion of Insteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Insteel Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Insteel Industries' market value can be influenced by many factors that don't directly affect Insteel Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Insteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Insteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Insteel Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.