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Insteel Industries, Inc is a metal fabrication business based in the US. Insteel Industries shares (IIIN) are listed on the NYSE and all prices are listed in US Dollars. Insteel Industries employs 881 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$12.67 - $38.96|
|50-day moving average||$33.58|
|200-day moving average||$27.49|
|Wall St. target price||$35.50|
|Dividend yield||$0.12 (0.31%)|
|Earnings per share (TTM)||$1.91|
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Valuing Insteel Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Insteel Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Insteel Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, Insteel Industries shares trade at around 20x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Insteel Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.74. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Insteel Industries's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Insteel Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $63.9 million.
The EBITDA is a measure of a Insteel Industries's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$518.8 million|
|Operating margin TTM||9.53%|
|Gross profit TTM||$55.8 million|
|Return on assets TTM||9.43%|
|Return on equity TTM||14.58%|
|Market capitalisation||$735.3 million|
TTM: trailing 12 months
There are currently 314,367 Insteel Industries shares held short by investors – that's known as Insteel Industries's "short interest". This figure is 38.1% up from 227,706 last month.
There are a few different ways that this level of interest in shorting Insteel Industries shares can be evaluated.
Insteel Industries's "short interest ratio" (SIR) is the quantity of Insteel Industries shares currently shorted divided by the average quantity of Insteel Industries shares traded daily (recently around 115152.74725275). Insteel Industries's SIR currently stands at 2.73. In other words for every 100,000 Insteel Industries shares traded daily on the market, roughly 2730 shares are currently held short.
However Insteel Industries's short interest can also be evaluated against the total number of Insteel Industries shares, or, against the total number of tradable Insteel Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Insteel Industries's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Insteel Industries shares in existence, roughly 20 shares are currently held short) or 0.0215% of the tradable shares (for every 100,000 tradable Insteel Industries shares, roughly 22 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Insteel Industries.
Find out more about how you can short Insteel Industries stock.
Dividend payout ratio: 73.13% of net profits
Recently Insteel Industries has paid out, on average, around 73.13% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.32% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Insteel Industries shareholders could enjoy a 0.32% return on their shares, in the form of dividend payments. In Insteel Industries's case, that would currently equate to about $0.12 per share.
Insteel Industries's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Insteel Industries's most recent dividend payout was on 25 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 10 March 2021 (the "ex-dividend date").
Insteel Industries's shares were split on a 2:1 basis on 18 June 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Insteel Industries shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Insteel Industries shares which in turn could have impacted Insteel Industries's share price.
Over the last 12 months, Insteel Industries's shares have ranged in value from as little as $12.6687 up to $38.96. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Insteel Industries's is 1.6398. This would suggest that Insteel Industries's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Insteel Industries, Inc. , together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers pre-stressed 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, as well as in Canada, Mexico, and Central and South America.
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