Insteel Industries Stock Today
| IIIN Stock | USD 30.47 0.36 1.20% |
Performance0 of 100
| Odds Of DistressLess than 1
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Insteel Industries is selling at 30.47 as of the 24th of November 2024; that is 1.20 percent increase since the beginning of the trading day. The stock's open price was 30.11. Insteel Industries has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Insteel Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of August 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 17th of March 1992 | Category Industrials |
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. The company has 19.45 M outstanding shares of which 314.37 K shares are currently shorted by private and institutional investors with about 2.55 trading days to cover. More on Insteel Industries
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Insteel Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | Howard III | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Building Products, Metal Fabrication, Industrials, NYSE Composite, SP Small-Cap 600, NASDAQ Composite Total, Iron, Steel Works Etc, Industrials, Building Products, Metal Fabrication, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsInsteel Industries can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Insteel Industries' financial leverage. It provides some insight into what part of Insteel Industries' total assets is financed by creditors.
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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 929 people. Insteel Industries is listed under Building Products category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 592.71 M. Insteel Industries conducts business under Building Products sector and is part of Industrials industry. The entity has 19.45 M outstanding shares of which 314.37 K shares are currently shorted by private and institutional investors with about 2.55 trading days to cover.
Insteel Industries currently holds about 48.32 M in cash with 58.21 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.48.
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Ownership AllocationInsteel Industries has a total of 19.45 Million outstanding shares. The majority of Insteel Industries outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Insteel Industries to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Insteel Industries. Please pay attention to any change in the institutional holdings of Insteel Industries as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Insteel Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Robotti Robert | 2024-06-30 | 305 K | |
| Oppenheimer & Co Inc | 2024-09-30 | 271.7 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 243.6 K | |
| Royal Bank Of Canada | 2024-06-30 | 231.8 K | |
| Hotchkis & Wiley Capital Management Llc | 2024-09-30 | 224.7 K | |
| Northern Trust Corp | 2024-09-30 | 204.1 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 200.3 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 186.5 K | |
| Hpm Partners Llc | 2024-06-30 | 175.3 K | |
| Blackrock Inc | 2024-06-30 | 3.4 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.2 M |
Insteel Industries Historical Income Statement
Insteel Stock Against Markets
Insteel Industries Corporate Directors
| Jon Ruth | Independent Director | Profile | |
| Abney Boxley | Independent Director | Profile | |
| Anne Lloyd | Independent Director | Profile | |
| Joseph Rutkowski | Independent Director | Profile |
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 closely tied 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Building Products space 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 (0.17) | Dividend Share 0.12 | Earnings Share 0.99 | Revenue Per Share 27.136 | Quarterly Revenue Growth (0.15) |
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.