Sidoti Expects Increased Earnings for Insteel Industries

Insteel Industries, Inc. (NYSE:IIIN) – Stock analysts at Sidoti increased their FY2026 earnings per share estimates for shares of Insteel Industries in a report issued on Friday, July 17th. Sidoti analyst J. Romero now anticipates that the company will post earnings per share of $1.59 for the year, up from their prior estimate of $1.32. The consensus estimate for Insteel Industries’ current full-year earnings is $1.59 per share.

A number of other research firms have also recently commented on IIIN. Wall Street Zen upgraded shares of Insteel Industries from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Insteel Industries in a report on Monday. Finally, Zacks Research raised shares of Insteel Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Insteel Industries Stock Up 0.8%

IIIN stock opened at $31.68 on Tuesday. Insteel Industries has a twelve month low of $24.35 and a twelve month high of $39.91. The firm has a market cap of $613.25 million, a price-to-earnings ratio of 17.03, a PEG ratio of 1.65 and a beta of 0.52. The business’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $31.40.

Insteel Industries (NYSE:IIIN) last posted its quarterly earnings data on Thursday, July 16th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $197.66 million during the quarter. Insteel Industries had a return on equity of 9.92% and a net margin of 5.14%.During the same quarter in the previous year, the firm earned $0.78 EPS.

Insteel Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, June 12th. Insteel Industries’s dividend payout ratio (DPR) is 6.45%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Insteel Industries in the 1st quarter worth $1,369,000. GSA Capital Partners LLP increased its position in Insteel Industries by 75.9% during the 4th quarter. GSA Capital Partners LLP now owns 63,800 shares of the company’s stock valued at $2,021,000 after buying an additional 27,525 shares in the last quarter. Horizon Investments LLC raised its stake in Insteel Industries by 29.1% in the fourth quarter. Horizon Investments LLC now owns 19,113 shares of the company’s stock valued at $605,000 after buying an additional 4,309 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in Insteel Industries in the fourth quarter valued at about $226,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Insteel Industries by 1.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 253,170 shares of the company’s stock worth $8,018,000 after acquiring an additional 4,036 shares in the last quarter. 83.27% of the stock is owned by institutional investors.

About Insteel Industries

Insteel Industries, Inc is a leading manufacturer of steel wire reinforcing products used in concrete construction. The company specializes in the design, fabrication and distribution of welded-wire reinforcement, cut-and-bent reinforcement and related accessories for concrete walls, floors and columns. Its products are employed across residential, commercial and infrastructure projects, providing structural strength and dimensional stability in poured concrete applications.

Key product lines include truss mats—prefabricated, ladder-like assemblies of welded wire designed for rapid placement—and custom cut-and-bent wire assemblies that meet specific engineering requirements.