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Insteel Industries (NASDAQ:IIIN - Get Rating) is scheduled to announce its earnings results before the market opens on Thursday, October 20th. Individual interested in listening to the company's earnings conference call can do so using this link.
Insteel Industries (NASDAQ:IIIN - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The industrial products company reported $1.96 earnings per share for the quarter. The firm had revenue of $227.17 million for the quarter. Insteel Industries had a return on equity of 39.39% and a net margin of 15.93%. Insteel Industries Trading Down 0.8 %
Insteel Industries stock opened at $27.55 on Thursday. Insteel Industries has a 12-month low of $26.02 and a 12-month high of $47.70. The firm has a market capitalization of $537.39 million, a price-to-earnings ratio of 4.30 and a beta of 1.14. The firm has a 50 day moving average of $28.97 and a 200 day moving average of $34.96. Insteel Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.03 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. Insteel Industries's dividend payout ratio (DPR) is presently 1.87%. Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Insteel Industries by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,737 shares of the industrial products company's stock valued at $619,000 after buying an additional 2,068 shares in the last quarter. PDT Partners LLC increased its position in Insteel Industries by 6.0% in the first quarter. PDT Partners LLC now owns 16,707 shares of the industrial products company's stock worth $618,000 after purchasing an additional 946 shares during the last quarter. Ancora Advisors LLC raised its stake in Insteel Industries by 111.8% during the first quarter. Ancora Advisors LLC now owns 18,910 shares of the industrial products company's stock valued at $583,000 after purchasing an additional 9,980 shares in the last quarter. Walleye Capital LLC bought a new position in Insteel Industries during the second quarter valued at $424,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Insteel Industries in the 1st quarter worth $397,000. 77.66% of the stock is currently owned by institutional investors. Analyst Ratings Changes
Separately, StockNews.com started coverage on Insteel Industries in a research note on Wednesday. They issued a "buy" rating for the company.About Insteel Industries (Get Rating)
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.Further ReadingGet a free copy of the StockNews.com research report on Insteel Industries (IIIN)Put Pep In Your Portfolio With Low-Beta PepsicoInstitutional Investors Are Buying These Two StocksApple's Price Targets Are ChangingIs Take-Two Interactive Software Inc. a Q4 Winner? Why All the Buzz Around These 3 Stocks?
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