Insteel Industries, Inc (NYSE: IIIN) is -0.07% lower on its value in year-to-date trading and has touched a low of $23.60 and a high of $37.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IIIN stock was last observed hovering at around $25.75 in the last trading session, with the day’s gains setting it 1.24%.
Currently trading at $26.99, the stock is 1.84% and -4.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 4.82% at the moment leaves the stock -10.11% off its SMA200. IIIN registered -22.66% loss for a year compared to 6-month loss of -15.93%. The firm has a 50-day simple moving average (SMA 50) of $28.504 and a 200-day simple moving average (SMA200) of $30.8922.
The stock witnessed a -9.73% gain in the last 1 month and extending the period to 3 months gives it a -5.39%, and is 12.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.12% over the week and 3.38% over the month.
Insteel Industries, Inc (IIIN) has around 929 employees, a market worth around $524.43M and $537.19M in sales. Current P/E ratio is 27.44 and Fwd P/E is 9.60. Profit margin for the company is 3.58%. Distance from 52-week low is 14.36% and -27.32% from its 52-week high. The company has generated returns on investments over the last 12 months (5.78%).
with sales reaching $153.88M over the same period.The EPS is expected to grow by 37.88% this year, but quarterly earnings will post 18.22% year-over-year. Quarterly sales are estimated to grow 20.79% in year-over-year returns.
Insteel Industries, Inc (IIIN) Top Institutional Holders
223.0 institutions hold shares in Insteel Industries, Inc (IIIN), with institutional investors hold 88.56% of the company’s shares. The shares outstanding are 19.43M, and float is at 18.47M with Short Float at 2.11%. Institutions hold 84.26% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.35 million shares valued at $103.84 million. The investor’s holdings represent 17.1934% of the IIIN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.29 million shares valued at $39.95 million to account for 6.6138 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.22 million shares representing 6.2674% and valued at over $37.85 million, while ROYCE & ASSOCIATES LP holds 4.1649 of the shares totaling 0.81 million with a market value of $25.15 million.
Insteel Industries, Inc (IIIN) Insider Activity
The most recent transaction is an insider sale by Wagner Richard, the company’s Senior Vice President and COO. SEC filings show that Wagner Richard sold 1,715 shares of the company’s common stock on Mar 01 ’24 at a price of $36.14 per share for a total of $61983.0. Following the sale, the insider now owns 40952.0 shares.
