Sidoti Increases Earnings Estimates for Insteel Industries

Insteel Industries, Inc. (NYSE:IIIN) – Equities research analysts at Sidoti lifted their FY2026 earnings per share (EPS) estimates for Insteel Industries in a note issued to investors on Friday, July 17th. Sidoti analyst J. Romero now anticipates that the company will post earnings of $1.59 per share for the year, up from their previous forecast of $1.32. The consensus estimate for Insteel Industries’ current full-year earnings is $1.32 per share.

Several other equities analysts have also recently weighed in on IIIN. Wall Street Zen upgraded shares of Insteel Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered shares of Insteel Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research raised shares of Insteel Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Insteel Industries presently has a consensus rating of “Hold”.

Insteel Industries Stock Up 2.7%

Insteel Industries stock opened at $31.83 on Tuesday. The business has a 50-day simple moving average of $28.52 and a two-hundred day simple moving average of $31.40. The company has a market cap of $616.23 million, a P/E ratio of 17.11, a P/E/G ratio of 1.96 and a beta of 0.52. Insteel Industries has a 52-week low of $24.35 and a 52-week high of $39.91.

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

Insteel Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Insteel Industries’s dividend payout ratio is 6.45%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Insteel Industries by 6.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,641 shares of the company’s stock worth $210,000 after purchasing an additional 416 shares during the period. JPMorgan Chase & Co. raised its holdings in Insteel Industries by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,421 shares of the company’s stock valued at $361,000 after buying an additional 508 shares during the period. Unison Advisors LLC lifted its position in Insteel Industries by 3.0% in the first quarter. Unison Advisors LLC now owns 18,736 shares of the company’s stock worth $630,000 after buying an additional 540 shares during the last quarter. Kennedy Capital Management LLC lifted its position in Insteel Industries by 1.2% in the fourth quarter. Kennedy Capital Management LLC now owns 47,890 shares of the company’s stock worth $1,517,000 after buying an additional 552 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Insteel Industries by 30.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,516 shares of the company’s stock worth $95,000 after buying an additional 583 shares during the period. Institutional investors own 83.27% of the company’s stock.

Insteel Industries Company Profile

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.