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How to buy Insteel Industries stock

Learn how to easily invest in Insteel Industries stock.

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 913 staff and has a trailing 12-month revenue of around $790.1 million.

How to buy shares in Insteel Industries

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – IIIN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
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Insteel Industries stock price (NYSE: IIIN)

Use our graph to track the performance of IIIN stocks over time.

Insteel Industries shares at a glance

Information last updated 2022-10-03.
Latest market close$28.00
52-week range$26.02 - $47.61
50-day moving average $29.51
200-day moving average $36.60
Wall St. target price$50.00
PE ratio 4.1388
Dividend yield $0.12 (0.45%)
Earnings per share (TTM) $6.41

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Insteel Industries stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Insteel Industries price performance over time

Historical closes compared with the close of $28 from 2022-10-05

1 week (2022-09-29) 4.56%
1 month (2022-09-06) 1.52%
3 months (2022-07-02) N/A
6 months (2022-04-02) N/A
1 year (2021-10-06) -26.91%
2 years (2020-10-06) 39.93%
3 years (2019-10-04) 43.08%
5 years (2017-10-06) 8.74%

Is Insteel Industries stock undervalued or overvalued?

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 P/E ratio

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 4x. In other words, Insteel Industries shares trade at around 4x 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 PEG ratio

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

Insteel Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $177.1 million.

The EBITDA is a measure of a Insteel Industries's overall financial performance and is widely used to measure a its profitability.

Insteel Industries financials

Revenue TTM $790.1 million
Operating margin TTM 20.55%
Gross profit TTM $121.5 million
Return on assets TTM 23.8%
Return on equity TTM 39.21%
Profit margin 15.93%
Book value $18.71
Market capitalisation $517.5 million

TTM: trailing 12 months

Insteel Industries share dividends

33%

Dividend payout ratio: 33.18% of net profits

Recently Insteel Industries has paid out, on average, around 33.18% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.45% 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 0.45% 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.

While Insteel Industries's payout ratio might seem fairly standard, it's worth remembering that Insteel Industries may be investing much of the rest of its net profits in future growth.

Insteel Industries's most recent dividend payout was on 30 September 2022. The latest dividend was paid out to all shareholders who bought their shares by 15 September 2022 (the "ex-dividend date").

Have Insteel Industries's shares ever split?

Insteel Industries's shares were split on a 2:1 basis on 19 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.

Insteel Industries share price volatility

Over the last 12 months, Insteel Industries's shares have ranged in value from as little as $26.02 up to $47.6149. A popular way to gauge a stock's volatility is its "beta".

IIIN.US volatility(beta: 1.17)Avg. volatility(beta: 1.00)LowHigh

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 1.1686. This would suggest that Insteel Industries's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Insteel Industries overview

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.

Frequently asked questions

What percentage of Insteel Industries is owned by insiders or institutions?
Currently 5.013% of Insteel Industries shares are held by insiders and 82.162% by institutions.
How many people work for Insteel Industries?
Latest data suggests 913 work at Insteel Industries.
When does the fiscal year end for Insteel Industries?
Insteel Industries's fiscal year ends in September.
Where is Insteel Industries based?
Insteel Industries's address is: 1373 Boggs Drive, Mount Airy, NC, United States, 27030
What is Insteel Industries's ISIN number?
Insteel Industries's international securities identification number is: US45774W1080
What is Insteel Industries's CUSIP number?
Insteel Industries's Committee on Uniform Securities Identification Procedures number is: 45774W108

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