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Insteel Industries Inc Stock Research

IIIN

31.45USD+1.73(+5.82%)Market Closed

Market Summary

USD31.45+1.73
Market Closed
5.82%

IIIN Alerts

IIIN Stock Price

IIIN RSI Chart

IIIN Valuation

Market Cap

613.4M

Price/Earnings (Trailing)

7.76

Price/Sales (Trailing)

0.81

EV/EBITDA

4.59

Price/Free Cashflow

9.41

IIIN Price/Sales (Trailing)

IIIN Profitability

EBT Margin

17.92%

Return on Equity

31.33%

Return on Assets

26.67%

Free Cashflow Yield

10.63%

IIIN Fundamentals

IIIN Revenue

Revenue (TTM)

761.1M

Revenue Y/Y

-25.4%

Revenue Q/Q

-4.7%

IIIN Earnings

Earnings (TTM)

79.1M

Earnings Y/Y

-86.93%

Earnings Q/Q

-54.14%

Price Action

52 Week Range

24.0043.96
(Low)(High)

Last 7 days

-4.0%

Last 30 days

6.9%

Last 90 days

-3.2%

Trailing 12 Months

-30.1%

IIIN Financial Health

Current Ratio

6.42

IIIN Investor Care

Dividend Yield

6.74%

Dividend/Share (TTM)

2.12

Shares Dilution (1Y)

0.06%

Diluted EPS (TTM)

4.03

Peers (Alternatives to Insteel Industries)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
40.9B
16.3B
-12.01% 22.29%
23.3
2.56
12.63% 24.25%
36.3B
21.0B
-0.32% 7.47%
14.04
1.72
2.29% -4.15%
MID-CAP
10.6B
4.8B
0.49% 37.56%
20.7
2.23
11.16% 10.36%
10.4B
9.7B
3.04% 15.65%
7.85
1.06
9.15% 21.21%
7.7B
4.6B
-5.00% -39.38%
11.25
1.64
-4.85% -23.87%
7.3B
3.1B
16.86% -11.83%
14.31
2.36
10.90% 86.89%
6.1B
1.0B
-2.24% -14.41%
39.35
6.05
-22.09% -33.21%
2.9B
1.3B
-7.29% -24.38%
14.22
2.32
10.85% 7.08%
2.4B
735.5M
7.76% 34.33%
27.06
3.23
25.40% 50.53%
SMALL-CAP
1.9B
1.4B
6.33% 26.86%
21.96
1.42
-0.34% 12.42%
1.6B
1.5B
-0.47% 25.66%
14.61
1.04
20.90% 154.82%
864.9M
1.2B
8.77% 4.10%
10.95
0.71
9.68% 30.88%
613.4M
761.1M
6.91% -30.15%
7.76
0.81
5.17% -25.17%

Financials for Insteel Industries

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-6.6%761815827790724
Gross Profit-25.4%129173197197171
  S&GA Expenses1.0%31.0031.0036.0035.0033.00
EBITDA-9.1%160176177151-
EBITDA Margin-7.8%0.20*0.21*0.22*0.21*-
Earnings Before Taxes-29.9%102146162163136
EBT Margin-8.4%0.18*0.20*0.21*0.19*-
Interest Expenses0%0.000.000.000.000.00
Net Income-30.0%79.00113125126106
Net Income Margin-8.3%0.14*0.15*0.16*0.15*-
Free Cahsflow341.7%25.006.0020.0061.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets1.1%428424472481421
  Current Assets-0.1%288288335344283
    Cash Equivalents88.0%80.0043.0048.0063.0070.00
  Inventory-20.3%136171198192127
  Net PPE4.4%112107108108107
  Goodwill0%10.0010.0010.0010.0010.00
  Current Liabilities0.4%45.0045.0063.0095.0074.00
Shareholder's Equity1.2%365361390365325
  Retained Earnings1.4%264260289267229
  Additional Paid-In Capital0.8%83.0082.0082.0081.0080.00
Shares Outstanding-0.1%20.0020.0019.0020.0019.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations160.2%65.0025.006.0020.0061.00
  Share Based Compensation6.7%2.002.002.002.002.00
Cashflow From Investing-243.5%-11.42-3.32-6.04-6.66-8.97
Cashflow From Financing-2.9%-43.33-42.10-41.20-39.65-40.95
  Dividend Payments0.0%41.0041.0041.0041.0041.00
  Buy Backs110.2%4.002.001.000.00-

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

59.2%


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

50%


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

7.9%


10-Year Cumulative Returns

4.0%


7-Year Cumulative Returns

1.2%


5-Year Cumulative Returns

23.7%


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
2023-05-25
Legato Capital Management LLC
unchanged
-
6,810
631,597
0.12%
2023-05-25
Brandywine Global Investment Management, LLC
sold off
-100
-1,408,140
-
-%
2023-05-23
ROYCE & ASSOCIATES LP
added
0.46
424,495
27,804,200
0.28%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-14.98
-486,385
2,967,620
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-22.56
-336,000
1,209,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
7.46
274,000
3,459,000
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-3.52
-14,000
536,000
-%
2023-05-17
B. Riley Wealth Advisors, Inc.
reduced
-80.13
-1,541,070
387,254
0.01%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
0.38
28,591
721,024
0.01%
2023-05-16
Rockefeller Capital Management L.P.
sold off
-100
-
-
-%

1–10 of 46

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

MarketBeat
Dimensional Fund Advisors LP Increases Stock Holdings in Insteel ....
MarketBeat,
16 hours ago
GOBankingRates
Dividend Investor
Defense World
Yahoo Eurosport UK
U.S. News & World Report
Insteel Industries: Fiscal Q2 Earnings Snapshot.
U.S. News & World Report,
43 days ago

Schedule 13G FIlings of Insteel Industries

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
0.4%
79,640
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
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

IIIN Fair Value

Show Fair-Value

Recent SEC filings of Insteel Industries

View All Filings
Date Filed Form Type Document
May 17, 2023
8-K
Current Report
Apr 21, 2023
8-K
Current Report
Apr 20, 2023
10-Q
Quarterly Report
Mar 29, 2023
8-K
Current Report
Mar 17, 2023
8-K
Current Report

Latest Insider Trading transactions for IIIN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-16
THOMPSON G KENNEDY
acquired
-
-
2,478
-
2023-02-14
York James R.
acquired
-
-
1,239
senior vice president
2023-02-14
RUTKOWSKI JOSEPH A
acquired
-
-
2,478
-
2023-02-14
WOLTZ H O III
acquired
-
-
5,781
chairman, president and ceo
2023-02-14
PETELLE JAMES F
acquired
-
-
1,239
vice president, sec. and clo
2023-02-14
Jafroodi Scot R
acquired
-
-
2,065
vp and chief acct. officer
2023-02-14
LLOYD ANNE H
acquired
-
-
2,478
-
2023-02-14
Wagner Richard
acquired
-
-
2,271
senior vice president & coo
2023-02-14
BOXLEY ABNEY S III
acquired
-
-
2,478
-
2023-02-14
ROGERS W ALLEN II
acquired
-
-
2,478
-

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

2023-04-01
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Apr. 01, 2023
Apr. 02, 2022
Net sales$ 159,051$ 213,209$ 325,950$ 391,668
Cost of sales145,789156,140294,902292,235
Gross profit13,26257,06931,04899,433
Selling, general and administrative expense7,5067,20214,63219,483
Restructuring recoveries, net0(365)0(318)
Other income, net(57)(11)(3,399)(16)
Interest expense23234745
Interest income(747)(10)(1,187)(24)
Earnings before income taxes6,53750,23020,95580,263
Income taxes1,43611,2134,73118,117
Net earnings$ 5,101$ 39,017$ 16,224$ 62,146
Net earnings per share:    
Basic (in dollars per share)$ 0.26$ 2.00$ 0.83$ 3.19
Diluted (in dollars per share)$ 0.26$ 1.99$ 0.83$ 3.17
Weighted average shares outstanding:    
Basic (in shares)19,50319,49219,51419,487
Diluted (in shares)19,56219,62319,57319,615
Cash dividends declared per share (in dollars per share)$ 0.03$ 0.03$ 2.06$ 2.06
Comprehensive income$ 5,101$ 39,017$ 16,224$ 62,146

IIIN Balance Sheet

2023-04-01
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 01, 2023
Oct. 01, 2022
Assets  
Cash and cash equivalents$ 80,156$ 48,316
Accounts receivable, net65,87481,646
Inventories136,492197,654
Other current assets5,3577,716
Total current assets287,879335,332
Property, plant and equipment, net111,946108,156
Intangibles, net6,4656,847
Goodwill9,7459,745
Other assets12,18911,665
Total assets428,224471,745
Liabilities and shareholders' equity  
Accounts payable36,93646,796
Accrued expenses8,15315,800
Total current liabilities45,08962,596
Other liabilities18,15719,405
Commitments and Contingencies 
Shareholders' equity:  
Common stock19,44119,478
Additional paid-in capital82,70881,997
Retained earnings263,806289,246
Accumulated other comprehensive loss(977)(977)
Total shareholders' equity364,978389,744
Total liabilities and shareholders' equity$ 428,224$ 471,745