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Insteel Industries Inc Stock Research

IIIN

30.09USD+0.61(+2.07%)Market Closed

Market Summary

USD30.09+0.61
Market Closed
2.07%

IIIN Stock Price

IIIN RSI Chart

IIIN Valuation

Market Cap

586.1M

Price/Earnings (Trailing)

4.69

Price/Sales (Trailing)

0.71

EV/EBITDA

3.05

Price/Free Cashflow

103.37

IIIN Price/Sales (Trailing)

IIIN Profitability

EBT Margin

19.56%

Return on Equity

32.08%

Return on Assets

26.5%

Free Cashflow Yield

0.97%

IIIN Fundamentals

IIIN Revenue

Revenue (TTM)

826.8M

Revenue Y/Y

21.45%

Revenue Q/Q

-8.44%

IIIN Earnings

Earnings (TTM)

125.0M

Earnings Y/Y

-3.36%

Earnings Q/Q

-36.96%

Price Action

52 Week Range

24.0047.70
(Low)(High)

Last 7 days

8%

Last 30 days

11.1%

Last 90 days

10.8%

Trailing 12 Months

-18.8%

IIIN Financial Health

Current Ratio

5.36

IIIN Investor Care

Dividend Yield

7.05%

Dividend/Share (TTM)

2.12

Shares Dilution (1Y)

0.36%

Diluted EPS (TTM)

6.37

Peers (Alternatives to Insteel Industries)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
41.1B
15.5B
5.77% 5.08%
24.97
2.65
12.66% 21.13%
36.6B
20.4B
6.49% -4.21%
10.07
1.79
1.87% 61.47%
MID-CAP
8.9B
3.8B
6.32% -18.93%
18.33
2.52
12.89% 5.97%
8.9B
9.6B
8.59% 7.95%
6.6
0.92
15.86% 34.40%
8.8B
4.6B
4.49% -7.76%
18.14
1.92
10.76% -1.20%
7.9B
8.0B
-5.00% -39.38%
10.49
0.98
9.41% -1.09%
7.0B
3.2B
18.61% -8.06%
15.25
2.19
38.44% 104.18%
5.6B
1.2B
25.34% -40.32%
28.14
4.61
8.62% -12.08%
3.5B
1.3B
11.64% -18.77%
17.85
2.68
10.95% 19.44%
SMALL-CAP
2.0B
700.7M
13.59% 16.94%
24.46
2.84
29.73% 59.97%
1.8B
1.4B
14.79% -2.52%
19.85
1.24
11.02% 53.18%
1.2B
1.5B
18.71% 12.49%
12
0.86
34.94% 289.47%
810.3M
1.2B
4.49% 14.78%
9.17
0.66
13.93% 55.03%
586.1M
826.8M
11.07% -18.85%
4.69
0.71
40.00% 87.68%
7.6M
-
-78.97% -94.34%
-0.14
0.01
- -

Financials for Insteel Industries

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue4.6%827790724649591
Gross Profit-0.1%197197171144122
  S&GA Expenses2.9%3635333632
EBITDA-0.6%176177151120-
EBITDA Margin-5.1%0.21*0.22*0.21*0.19*-
Earnings Before Taxes-0.6%16216313610686
EBT Margin-5.0%0.20*0.21*0.19*0.16*-
Interest Expenses0%00000
Net Income-0.7%1251261068267
Net Income Margin-5.1%0.15*0.16*0.15*0.13*-
Free Cahsflow-71.0%6206170-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.9%472481421369391
  Current Assets-2.4%335344283227247
    Cash Equivalents-23.4%4863706390
  Inventory2.7%1981921278279
  Net PPE-0.1%108108107103106
  Goodwill0%1010101010
  Current Liabilities-34.1%6395746369
Shareholder's Equity6.8%390365325286302
  Retained Earnings8.5%289267229190206
  Additional Paid-In Capital0.8%8281807979
Shares Outstanding-0.3%1920191919
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-71.0%620617070
  Share Based Compensation10.0%22222
Cashflow From Investing9.3%-6.04-6.66-8.97-15.86-17.80
Cashflow From Financing-3.9%-41.20-39.65-40.95-40.86-30.88
  Dividend Payments0.0%4141414131
  Buy BacksInfinity%10---
* denotes actual numbers (not divided by Millions)

Risks for IIIN

What is the probability of a big loss on IIIN?

93.8%


Probability that Insteel Industries stock will be more than 20% underwater in next one year

55.8%


Probability that Insteel Industries stock will be more than 30% underwater in next one year.

43.5%


Probability that Insteel Industries stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IIIN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Insteel Industries was unfortunately bought at previous high price.

Drawdowns

Returns for IIIN

Cumulative Returns on IIIN

10.6%


10-Year Cumulative Returns

6.0%


7-Year Cumulative Returns

0.6%


5-Year Cumulative Returns

13.0%


3-Year Cumulative Returns

What are the long-term rolling returns for IIIN?

FIve years rolling returns for Insteel Industries.

Annualized Returns

Which funds bought or sold IIIN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
OREGON PUBLIC EMPLOYEES RETIREMENT FUND
added
1.12
8,137
178,137
-%
2023-01-26
COMERICA BANK
reduced
-22.99
-27,000
356,000
-%
2023-01-26
State of Tennessee, Treasury Department
reduced
-67.07
-582,000
204,000
-%
2023-01-26
Barnett & Company, Inc.
added
2.24
54,184
941,184
0.72%
2023-01-25
Bridge City Capital, LLC
reduced
-0.68
53,000
1,790,000
0.92%
2023-01-25
FIFTH THIRD BANCORP
new
-
1,569
1,569
-%
2023-01-25
Versant Capital Management, Inc
unchanged
-
358
358
-%
2023-01-25
Lindbrook Capital, LLC
sold off
-100
-1,000
-
-%
2023-01-24
TOTH FINANCIAL ADVISORY CORP
unchanged
-
-248
2,752
-%
2023-01-24
Louisiana State Employees Retirement System
unchanged
-
9,000
256,000
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying IIIN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own IIIN
No. of Funds

Insteel Industries News

The Fosters Research

There's Still Time to Buy Insteel Industries Inc. (NYSE:IIIN) Stock ....

The Fosters Research,
45 hours ago

Mount Airy News

Keys to business?.

Mount Airy News,
5 days ago

Mount Airy News

Mount Airy News

Local tourism official wins award.

Mount Airy News,
6 days ago

Marketscreener.com

Torrington Register Citizen

Insteel Industries: Fiscal Q1 Earnings Snapshot.

Torrington Register Citizen,
9 days ago

Mount Airy News

Hodges among Farm Bureau agents honored.

Mount Airy News,
14 days ago

Schedule 13G FIlings of Insteel Industries

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 14, 2022
price t rowe associates inc /md/
6.9%
1,357,064
SC 13G/A
Feb 10, 2022
vanguard group inc
6.69%
1,298,304
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
5.4%
1,050,314
SC 13G/A
Feb 02, 2022
franklin mutual advisers llc
1.4%
269,388
SC 13G/A
Jan 27, 2022
blackrock inc.
16.1%
3,130,572
SC 13G/A
Jan 25, 2022
blackrock inc.
16.1%
3,130,572
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
6.9%
1,341,037
SC 13G/A

IIIN Fair Value

Insteel Industries fair value in different scenarios

The table shows the Fair Value estimates for Insteel Industries for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

51.15

69.99%

72.09

139.58%

112.07

272.45%

152.67

407.38%

216.13

618.28%

Current Inflation

48.19

60.15%

65.79

118.64%

99.95

232.17%

134.82

348.06%

188.73

527.22%

Very High Inflation

44.38

47.49%

58.08

93.02%

85.58

184.41%

113.85

278.36%

156.89

421.40%

Historical Insteel Industries Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Insteel Industries

View All Filings
Date Filed Form Type Document
Jan 26, 2023
SC 13G/A
Major Ownership Report
Jan 23, 2023
SC 13G/A
Major Ownership Report
Jan 20, 2023
8-K
Current Report
Jan 20, 2023
SC 13G/A
Major Ownership Report
Jan 19, 2023
10-Q
Quarterly Report
Jan 03, 2023
4
Insider Trading
Jan 03, 2023
DEF 14A
DEF 14A
Dec 07, 2022
4
Insider Trading
Dec 02, 2022
8-K
Current Report
Nov 16, 2022
8-K
Current Report

Latest Insider Trading transactions for IIIN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-12-23
Ruth Jon M
acquired
10,380.9
27.43
378.45
-
2022-12-05
Carano Mark A
acquired
93,500.9
19.86
4,708
senior vice president and cfo
2022-08-15
WOLTZ H O III
acquired
-
-
5,340
chairman, president and ceo
2022-08-15
PETELLE JAMES F
acquired
-
-
1,144
vice president, sec. and clo
2022-08-15
Jafroodi Scot R
acquired
-
-
1,144
vp and chief acct. officer
2022-08-15
York James R.
acquired
-
-
1,144
senior vice president
2022-08-15
Carano Mark A
acquired
-
-
1,907
senior vice president and cfo
2022-08-15
Wagner Richard
acquired
-
-
2,098
senior vice president & coo
2022-08-12
Wagner Richard
sold (taxes)
-49,395.7
32.54
-1,518
senior vice president & coo
2022-08-12
PETELLE JAMES F
sold (taxes)
-18,092.2
32.54
-556
vice president, sec. and clo

1–10 of 50

Howard O. Woltz
910
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.

IIIN Income Statement

2022-12-31
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Net sales$ 166,899$ 178,459
Cost of sales149,113136,095
Gross profit17,78642,364
Selling, general and administrative expense7,12612,281
Restructuring charges, net047
Other income, net(3,342)(5)
Interest expense2422
Interest income(440)(14)
Earnings before income taxes14,41830,033
Income taxes3,2956,904
Net earnings$ 11,123$ 23,129
Net earnings per share:  
Basic (in dollars per share)$ 0.57$ 1.19
Diluted (in dollars per share)$ 0.57$ 1.18
Weighted average shares outstanding:  
Basic (in shares)19,52519,411
Diluted (in shares)19,58419,636
Cash dividends declared per share (in dollars per share)$ 2.03$ 2.03
Comprehensive income$ 11,123$ 23,129

IIIN Balance Sheet

2022-12-31
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2022
Oct. 01, 2022
Assets  
Cash and cash equivalents$ 42,638$ 48,316
Accounts receivable, net68,78981,646
Inventories171,185197,654
Other current assets5,5997,716
Total current assets288,211335,332
Property, plant and equipment, net107,178108,156
Intangibles, net6,6536,847
Goodwill9,7459,745
Other assets11,96911,665
Total assets423,756471,745
Liabilities and shareholders' equity  
Accounts payable30,80146,796
Accrued expenses14,11215,800
Total current liabilities44,91362,596
Other liabilities18,16919,405
Commitments and contingencies
Shareholders' equity:  
Common stock19,45119,478
Additional paid-in capital82,08281,997
Retained earnings260,118289,246
Accumulated other comprehensive loss(977)(977)
Total shareholders' equity360,674389,744
Total liabilities and shareholders' equity$ 423,756$ 471,745