Insteel Industries (IIIN) Getting Somewhat Favorable News Coverage, Analysis Shows

News stories about Insteel Industries (NASDAQ:IIIN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Insteel Industries earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 79 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next few days.

Insider Buying and Selling by Quarter for Insteel Industries (NASDAQ:IIIN)

A number of research firms have recently weighed in on IIIN. Sidoti began coverage on Insteel Industries in a research note on Wednesday, March 22nd. They issued a “buy” rating on the stock. Longbow Research began coverage on Insteel Industries in a research note on Friday, March 10th. They issued a “buy” rating on the stock.

Insteel Industries (NASDAQ IIIN) traded up 1.60% on Friday, hitting $31.78. The stock had a trading volume of 202,639 shares. The firm has a market capitalization of $604.61 million, a price-to-earnings ratio of 17.31 and a beta of 2.24. Insteel Industries has a 1-year low of $22.50 and a 1-year high of $42.81. The company’s 50 day moving average is $32.38 and its 200-day moving average is $35.12.

Insteel Industries (NASDAQ:IIIN) last issued its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.12. Insteel Industries had a return on equity of 16.51% and a net margin of 8.52%. The business had revenue of $101.16 million during the quarter, compared to the consensus estimate of $102.46 million. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts forecast that Insteel Industries will post $1.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. Insteel Industries’s dividend payout ratio is 6.52%.

In related news, VP Richard Wagner sold 10,732 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $31.62, for a total value of $339,345.84. Following the sale, the vice president now owns 27,500 shares of the company’s stock, valued at $869,550. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

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About Insteel Industries

Insteel Industries, Inc is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company’s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:IIIN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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