Sidoti Estimates Insteel Industries’ Q1 Earnings (NYSE:IIIN)

Insteel Industries, Inc. (NYSE:IIIN) – Investment analysts at Sidoti boosted their Q1 2028 EPS estimates for Insteel Industries in a report issued on Monday, August 24th. Sidoti analyst J. Romero now anticipates that the company will earn $0.37 per share for the quarter, up from their previous estimate of $0.34. The consensus estimate for Insteel Industries’ current full-year earnings is $1.59 per share. Sidoti also issued estimates for Insteel Industries’ Q2 2028 earnings at $0.65 EPS, Q3 2028 earnings at $0.89 EPS and FY2028 earnings at $2.81 EPS.

Several other research firms have also recently weighed in on IIIN. Weiss Ratings upgraded Insteel Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research raised shares of Insteel Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Wall Street Zen raised shares of Insteel Industries from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Insteel Industries Trading Up 0.5%

IIIN opened at $30.38 on Wednesday. The business’s 50-day moving average price is $30.84 and its 200-day moving average price is $31.15. Insteel Industries has a 12 month low of $24.35 and a 12 month high of $39.91. The company has a market cap of $588.16 million, a P/E ratio of 16.33, a P/E/G ratio of 1.58 and a beta of 0.50.

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

Institutional Investors Weigh In On Insteel Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Insteel Industries in the third quarter worth $26,000. Group One Trading LLC bought a new stake in shares of Insteel Industries during the 2nd quarter valued at $37,000. GAMMA Investing LLC grew its position in shares of Insteel Industries by 71.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,998 shares of the company’s stock worth $60,000 after buying an additional 831 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Insteel Industries by 74.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,248 shares of the company’s stock worth $84,000 after acquiring an additional 958 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Insteel Industries in the 3rd quarter worth about $89,000. 83.27% of the stock is owned by hedge funds and other institutional investors.

Insteel Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, September 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Insteel Industries’s payout ratio is currently 6.45%.

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.