Insteel Industries Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $32.89
- Today's High:
- $33.83
- Open Price:
- $33.57
- 52W Low:
- $23.9213
- 52W High:
- $35.8
- Prev. Close:
- $33.73
- Volume:
- 51265
Company Statistics
- Market Cap.:
- $655.46 million
- Book Value:
- 19.3
- Revenue TTM:
- $699.65 million
- Operating Margin TTM:
- 8.62%
- Gross Profit TTM:
- $197.31 million
- Profit Margin:
- 7.3%
- Return on Assets TTM:
- 8.14%
- Return on Equity TTM:
- 13.81%
Company Profile
Insteel Industries Inc had its IPO on 1992-03-17 under the ticker symbol IIIN.
The company operates in the Industrials sector and Metal Fabrication industry. Insteel Industries Inc has a staff strength of 964 employees.
Stock update
Shares of Insteel Industries Inc opened at $33.57 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $32.89 - $33.83, and closed at $32.96.
This is a -2.28% slip from the previous day's closing price.
A total volume of 51,265 shares were traded at the close of the day’s session.
In the last one week, shares of Insteel Industries Inc have slipped by -7.73%.
Insteel Industries Inc's Key Ratios
Insteel Industries Inc has a market cap of $655.46 million, indicating a price to book ratio of 1.3324 and a price to sales ratio of 0.6329.
In the last 12-months Insteel Industries Inc’s revenue was $699.65 million with a gross profit of $197.31 million and an EBITDA of $73.67 million. The EBITDA ratio measures Insteel Industries Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Insteel Industries Inc’s operating margin was 8.62% while its return on assets stood at 8.14% with a return of equity of 13.81%.
In Q2, Insteel Industries Inc’s quarterly earnings growth was a negative -72.4% while revenue growth was a negative 27.1%.
Insteel Industries Inc’s PE and PEG Ratio
- Forward PE
- 19.7628
- Trailing PE
- 12.9234
- PEG
- 1.74
Its diluted EPS in the last 12-months stands at $2.61 per share while it has a forward price to earnings multiple of 19.7628 and a PEG multiple of 1.74. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Insteel Industries Inc’s profitability.
Insteel Industries Inc stock is trading at a EV to sales ratio of 0.5715 and a EV to EBITDA ratio of 2.6803. Its price to sales ratio in the trailing 12-months stood at 0.6329.
Insteel Industries Inc stock pays annual dividends of $0.12 per share, indicating a yield of 0.36% and a payout ratio of 4.6%.
Balance sheet and cash flow metrics
- Total Assets
- $445.38 million
- Total Liabilities
- $51.06 million
- Operating Cash Flow
- $-11260000.00
- Capital Expenditure
- $11.20 million
- Dividend Payout Ratio
- 4.6%
Insteel Industries Inc ended 2024 with $445.38 million in total assets and $0 in total liabilities. Its intangible assets were valued at $445.38 million while shareholder equity stood at $375.07 million.
Insteel Industries Inc ended 2024 with $0 in deferred long-term liabilities, $51.06 million in other current liabilities, 19433000.00 in common stock, $273.46 million in retained earnings and $9.75 million in goodwill. Its cash balance stood at $91.74 million and cash and short-term investments were $91.74 million. The company’s total short-term debt was $935,000 while long-term debt stood at $0.
Insteel Industries Inc’s total current assets stands at $297.64 million while long-term investments were $188000.00 and short-term investments were $0. Its net receivables were $66.36 million compared to accounts payable of $38.08 million and inventory worth $133.13 million.
In 2024, Insteel Industries Inc's operating cash flow was $-11260000.00 while its capital expenditure stood at $11.20 million.
Comparatively, Insteel Industries Inc paid $0.05 in dividends in 2024.
Other key metrics
- Current Trading Price
- $32.96
- 52-Week High
- $35.8
- 52-Week Low
- $23.9213
- Analyst Target Price
- $39
Insteel Industries Inc stock is currently trading at $32.96 per share. It touched a 52-week high of $35.8 and a 52-week low of $35.8. Analysts tracking the stock have a 12-month average target price of $39.
Its 50-day moving average was $31.99 and 200-day moving average was $29.78 The short ratio stood at 6.22 indicating a short percent outstanding of 0%.
Around 508.2% of the company’s stock are held by insiders while 8203.3% are held by institutions.
Frequently Asked Questions About Insteel Industries Inc
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About
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.