Somewhat Favorable News Coverage Somewhat Unlikely to Affect Insteel Industries (IIIN) Stock Price

News articles about Insteel Industries (NASDAQ:IIIN) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Insteel Industries earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.4061422479083 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

IIIN has been the subject of a number of analyst reports. TheStreet lowered shares of Insteel Industries from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. Longbow Research lowered shares of Insteel Industries from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Finally, BidaskClub lowered shares of Insteel Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold”.

Shares of Insteel Industries (IIIN) traded down $0.07 during mid-day trading on Friday, hitting $26.09. 250,356 shares of the stock traded hands, compared to its average volume of 152,201. Insteel Industries has a one year low of $23.20 and a one year high of $42.81. The firm has a market cap of $499.45, a price-to-earnings ratio of 21.84 and a beta of 2.10.

Insteel Industries (NASDAQ:IIIN) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $96.89 million during the quarter, compared to the consensus estimate of $96.25 million. Insteel Industries had a net margin of 5.80% and a return on equity of 10.50%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share.

The business also recently disclosed a special dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a yield of 0.44%. Insteel Industries’s dividend payout ratio is currently 10.26%.

In related news, VP James F. Petelle sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $27.11, for a total value of $27,110.00. Following the sale, the vice president now directly owns 14,788 shares of the company’s stock, valued at approximately $400,902.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

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Insteel Industries Company Profile

Insteel Industries, Inc is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company’s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).

Insider Buying and Selling by Quarter for Insteel Industries (NASDAQ:IIIN)

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