IIIN - Insteel Industries Inc Stock Price, Fair Value and News

32.70USD-0.17 (-0.52%)Delayed

Market Summary

USD32.70-0.17

Delayed

-0.52%

IIIN Alerts

Big fall in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

IIIN Stock Price

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IIIN RSI Chart

IIIN Valuation

Market Cap

636.8M

Price/Earnings (Trailing)

26.25

Price/Sales (Trailing)

1.11

EV/EBITDA

12.1

Price/Free Cashflow

7.42

IIIN Price/Sales (Trailing)

IIIN Profitability

EBT Margin

5.47%

Return on Equity

7.12%

Return on Assets

6.11%

Free Cashflow Yield

13.48%

IIIN Fundamentals

IIIN Revenue

Revenue (TTM)

572.4M

Rev. Growth (Yr)

-19.9%

Rev. Growth (Qtr)

4.66%

IIIN Earnings

Earnings (TTM)

24.3M

Earnings Growth (Yr)

36.03%

Earnings Growth (Qtr)

512.99%

Breaking Down IIIN Revenue

Last 7 days

-3.8%

Last 30 days

-0.1%

Last 90 days

-7.2%

Trailing 12 Months

5.2%

How does IIIN drawdown profile look like?

IIIN Financial Health

Current Ratio

7.18

Debt/Equity

0.02

Debt/Cashflow

IIIN Investor Care

Dividend Yield

8.01%

Dividend/Share (TTM)

2.62

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

1.24

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	572.4M	0	0	0
2023	761.1M	699.7M	649.2M	604.0M
2022	723.7M	790.1M	826.8M	815.3M
2021	518.8M	557.6M	590.6M	649.5M
2020	452.1M	447.8M	472.6M	494.7M
2019	464.1M	463.7M	455.7M	449.2M
2018	399.0M	428.7M	453.2M	459.6M
2017	413.8M	395.1M	388.9M	392.7M
2016	434.9M	433.5M	418.5M	420.0M
2015	442.7M	446.5M	447.5M	429.3M
2014	373.8M	390.1M	409.0M	432.4M
2013	360.2M	363.6M	363.9M	365.2M
2012	369.5M	364.5M	363.3M	364.4M
2011	274.2M	305.6M	336.9M	369.4M
2010	0	220.9M	211.6M	242.9M
2009	0	0	230.2M	0

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Insteel Industries Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	wagner richard	sold	-61,983	36.1419	-1,715	senior vice president and coo
Feb 16, 2024	york james r.	sold	-32,923	35.25	-934	senior vice president
Feb 16, 2024	woltz h o iii	sold	-179,669	35.25	-5,097	chairman, president and ceo
Feb 16, 2024	wagner richard	sold	-82,344	35.25	-2,336	senior vice president and coo
Feb 16, 2024	wagner richard	acquired	82,344	35.25	2,336	senior vice president and coo
Feb 16, 2024	jafroodi scot r	sold	-32,923	35.25	-934	vp, cfo and treasurer
Feb 16, 2024	york james r.	sold (taxes)	-11,244	35.25	-319	senior vice president
Feb 16, 2024	woltz h o iii	sold (taxes)	-47,763	35.25	-1,355	chairman, president and ceo
Feb 16, 2024	woltz h o iii	acquired	179,669	35.25	5,097	chairman, president and ceo
Feb 16, 2024	york james r.	acquired	32,923	35.25	934	senior vice president

Which funds bought or sold IIIN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.99	-40,297	740,589	-%
May 16, 2024	COMERICA BANK	reduced	-4.52	-34,995	709,822	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	reduced	-0.01	-888	325,607	-%
May 15, 2024	MORGAN STANLEY	reduced	-15.81	-928,156	4,885,880	-%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	added	5.46	38,822	775,560	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-10.47	-166,521	1,399,230	-%
May 15, 2024	WELLINGTON MANAGEMENT GROUP LLP	reduced	-33.01	-976,174	1,969,940	-%
May 15, 2024	JACOBS LEVY EQUITY MANAGEMENT, INC	reduced	-8.83	-309,097	3,126,010	0.01%
May 15, 2024	STATE STREET CORP	added	1.65	408,038	28,233,600	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-73.91	-257,590	90,696	-%

Are Funds Buying or Selling IIIN?

Are funds buying IIIN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IIIN

No. of Funds

Unveiling Insteel Industries Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	6.62%	1,287,145	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.4%	1,239,317	SC 13G/A
Jan 30, 2024	royce & associates lp	4.25%	826,134	SC 13G/A
Jan 19, 2024	blackrock inc.	17.6%	3,422,661	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.4%	79,640	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.9%	1,157,662	SC 13G/A
Feb 09, 2023	vanguard group inc	6.83%	1,330,467	SC 13G/A
Jan 26, 2023	blackrock inc.	17.7%	3,448,632	SC 13G/A
Jan 23, 2023	royce & associates lp	5.11%	994,903	SC 13G/A
Jan 20, 2023	blackrock inc.	17.7%	3,448,632	SC 13G/A

Recent SEC filings of Insteel Industries Inc

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Mar 04, 2024	4	Insider Trading
Mar 01, 2024	144	Notice of Insider Sale Intent
Feb 21, 2024	4	Insider Trading
Feb 20, 2024	4	Insider Trading
Feb 20, 2024	4	Insider Trading
Feb 20, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading

Peers (Alternatives to Insteel Industries Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Insteel Industries Inc News

Latest updates

Insteel Industries Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.7%	127	122	158	166	159	167	208	227	213	178	171	161	139	120	138	122	115	98.00	113	126	112
Gross Profit	150.6%	16.00	6.00	14.00	20.00	13.00	18.00	40.00	58.00	57.00	42.00	40.00	32.00	30.00	20.00	19.00	15.00	15.00	6.00	4.00	8.00	7.00
S&GA Expenses	23.7%	8.00	6.00	8.00	8.00	8.00	7.00	8.00	8.00	7.00	12.00	7.00	6.00	10.00	9.00	9.00	7.00	10.00	6.00	6.00	6.00	7.00
EBITDA Margin	13.1%	0.08*	0.07*	0.08*	0.11*	0.15*	0.20*	0.21*	0.22*	0.21*	0.19*	0.17*	0.14*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.4%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	375.4%	2.00	0.00	2.00	3.00	1.00	3.00	7.00	11.00	11.00	7.00	7.00	5.00	4.00	2.00	2.00	2.00	1.00	0.00	-0.27	1.00	0.00
Earnings Before Taxes	475.6%	9.00	2.00	7.00	14.00	7.00	14.00	32.00	50.00	50.00	30.00	33.00	24.00	19.00	11.00	9.00	9.00	6.00	1.00	-2.03	3.00	1.00
EBT Margin	14.3%	0.05*	0.05*	0.06*	0.09*	0.13*	0.18*	0.20*	0.21*	0.19*	0.16*	0.15*	0.11*	-	-	-	-	-	-	-	-	-
Net Income	513.0%	7.00	1.00	6.00	11.00	5.00	11.00	24.00	39.00	39.00	23.00	25.00	18.00	15.00	8.00	7.00	7.00	4.00	1.00	-1.77	2.00	1.00
Net Income Margin	14.2%	0.04*	0.04*	0.05*	0.07*	0.10*	0.14*	0.15*	0.16*	0.15*	0.13*	0.11*	0.09*	-	-	-	-	-	-	-	-	-
Free Cashflow	-93.7%	1.00	22.00	39.00	24.00	47.00	33.00	-9.44	-4.95	6.00	14.00	4.00	36.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.7%	397	391	448	445	428	424	472	481	421	369	391	372	337	310	338	337	319	306	293	305	312
Current Assets	3.4%	240	232	299	298	288	288	335	344	283	227	247	228	192	169	197	197	176	174	161	170	175
Cash Equivalents	-2.0%	84.00	86.00	126	92.00	80.00	43.00	48.00	63.00	70.00	63.00	90.00	90.00	59.00	50.00	69.00	61.00	40.00	67.00	38.00	7.00	0.00
Inventory	-1.7%	93.00	94.00	103	133	136	171	198	192	127	82.00	79.00	71.00	69.00	64.00	69.00	74.00	72.00	65.00	71.00	105	117
Net PPE	-1.4%	128	129	120	119	112	107	108	108	107	103	106	106	105	101	101	101	112	103	105	107	109
Goodwill	0%	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	1.00	8.00	8.00	8.00	8.00
Current Liabilities	-0.2%	33.00	33.00	46.00	51.00	45.00	45.00	63.00	95.00	74.00	63.00	69.00	76.00	59.00	47.00	54.00	60.00	48.00	40.00	28.00	38.00	41.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.00
Shareholder's Equity	2.1%	341	334	382	375	365	361	390	365	325	286	302	277	259	244	265	257	251	246	246	248	247
Retained Earnings	2.7%	236	230	279	273	264	260	289	267	229	190	206	182	164	150	171	164	158	154	154	157	155
Additional Paid-In Capital	1.1%	85.00	84.00	84.00	83.00	83.00	82.00	82.00	81.00	80.00	79.00	79.00	78.00	77.00	77.00	76.00	76.00	76.00	75.00	75.00	74.00	74.00
Accumulated Depreciation	-	174	-	168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	0.0%	20.00	19.00	19.00	19.00	20.00	20.00	19.00	20.00	19.00	19.00	19.00	19.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	425	-	-	-	576	-	-	-	491	-	-	-	217	-	-	-	289

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-93.7%	1,377	21,834	38,874	23,755	46,565	33,006	-9,444	-4,952	6,435	13,631	4,416	36,223	15,289	13,950	11,596	18,020	-2,967	29,575	32,547	14,252	-17,423
Share Based Compensation	150.5%	997	398	891	421	983	130	1,034	293	830	272	814	240	710	224	751	150	941	186	856	182	845
Cashflow From Investing	82.2%	-2,204	-12,382	-4,172	-11,260	-7,103	1,639	-3,300	-2,653	990	-1,076	-3,921	-4,961	-5,903	-3,020	-3,547	3,567	-22,552	-642	-1,147	-1,113	-1,633
Cashflow From Financing	98.3%	-843	-49,507	-772	-911	-1,944	-40,323	-1,985	925	-720	-39,419	-438	-375	-628	-29,436	-732	-579	-1,232	-	-668	-6,180	4,043
Dividend Payments	-98.8%	584	49,191	584	583	584	39,501	584	585	583	39,410	582	581	580	29,551	578	579	1,156	-	578	578	-
Buy Backs	-43.8%	303	539	-	403	1,009	916	1,204	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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IIIN Income Statement

2024-03-30

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Net sales	$ 127,394	$ 159,051	$ 249,119	$ 325,950
Cost of sales	111,679	145,789	227,134	294,902
Gross profit	15,715	13,262	21,985	31,048
Selling, general and administrative expense	7,875	7,506	14,242	14,632
Other expense (income), net	9	(57)	(13)	(3,399)
Interest expense	28	23	57	47
Interest income	(1,147)	(747)	(2,806)	(1,187)
Earnings before income taxes	8,950	6,537	10,505	20,955
Income taxes	2,011	1,436	2,434	4,731
Net earnings	$ 6,939	$ 5,101	$ 8,071	$ 16,224
Net earnings per share:
Basic (in dollars per share)	$ 0.36	$ 0.26	$ 0.41	$ 0.83
Diluted (in dollars per share)	$ 0.35	$ 0.26	$ 0.41	$ 0.83
Weighted average shares outstanding:
Basic (in shares)	19,508	19,503	19,503	19,514
Diluted (in shares)	19,594	19,562	19,584	19,573
Cash dividends declared per share (in dollars per share)	$ 0.03	$ 0.03	$ 2.56	$ 2.06
Comprehensive income	$ 6,939	$ 5,101	$ 8,071	$ 16,224

IIIN Balance Sheet

2024-03-30

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 30, 2024	Sep. 30, 2023
Assets
Cash and cash equivalents	$ 83,945	$ 125,670
Accounts receivable, net	55,549	63,424
Inventories	92,530	103,306
Other current assets	7,675	6,453
Total current assets	239,699	298,853
Property, plant and equipment, net	127,534	120,014
Intangibles, net	5,716	6,090
Goodwill	9,745	9,745
Other assets	14,533	12,811
Total assets	397,227	447,513
Liabilities and shareholders' equity
Accounts payable	25,409	34,346
Accrued expenses	7,975	11,809
Total current liabilities	33,384	46,155
Other liabilities	23,222	19,853
Commitments and Contingencies
Shareholders' equity:
Common stock	19,467	19,454
Additional paid-in capital	85,332	83,832
Retained earnings	236,105	278,502
Accumulated other comprehensive loss	(283)	(283)
Total shareholders' equity	340,621	381,505
Total liabilities and shareholders' equity	$ 397,227	$ 447,513

About Insteel Industries Inc

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. The company sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors primarily in the United States, Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

CEO	Mr. Howard Osler Woltz III
WEBSITE	insteel.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	964

Insteel Industries Inc Frequently Asked Questions

What is the ticker symbol for Insteel Industries Inc? What does IIIN stand for in stocks?

IIIN is the stock ticker symbol of Insteel Industries Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Insteel Industries Inc (IIIN)?

As of Fri May 17 2024, market cap of Insteel Industries Inc is 636.83 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IIIN stock?

You can check IIIN's fair value in chart for subscribers.

What is the fair value of IIIN stock?

You can check IIIN's fair value in chart for subscribers. The fair value of Insteel Industries Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Insteel Industries Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IIIN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Insteel Industries Inc a good stock to buy?

The fair value guage provides a quick view whether IIIN is over valued or under valued. Whether Insteel Industries Inc is cheap or expensive depends on the assumptions which impact Insteel Industries Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IIIN.

What is Insteel Industries Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, IIIN's PE ratio (Price to Earnings) is 26.25 and Price to Sales (PS) ratio is 1.11. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IIIN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Insteel Industries Inc's stock?

In the past 10 years, Insteel Industries Inc has provided 0.08 (multiply by 100 for percentage) rate of return.