Sidoti Csr Boosts Earnings Estimates for Insteel Industries

Insteel Industries, Inc. (NASDAQ:IIIN) – Research analysts at Sidoti Csr increased their Q1 2025 earnings per share (EPS) estimates for shares of Insteel Industries in a research note issued to investors on Wednesday, October 23rd. Sidoti Csr analyst J. Romero now expects that the industrial products company will post earnings per share of ($0.03) for the quarter, up from their prior forecast of ($0.04). The consensus estimate for Insteel Industries’ current full-year earnings is $0.99 per share. Sidoti Csr also issued estimates for Insteel Industries’ Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.11 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.99 EPS and FY2026 earnings at $2.81 EPS.

Separately, StockNews.com cut Insteel Industries from a “buy” rating to a “hold” rating in a report on Saturday.

Insteel Industries Price Performance

IIIN stock opened at $27.82 on Friday. The business has a fifty day moving average price of $30.95 and a 200 day moving average price of $31.74. Insteel Industries has a fifty-two week low of $26.74 and a fifty-two week high of $39.38. The stock has a market capitalization of $541.79 million, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.21 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Isthmus Partners LLC boosted its position in Insteel Industries by 6.8% in the 2nd quarter. Isthmus Partners LLC now owns 104,302 shares of the industrial products company’s stock valued at $32,000 after buying an additional 6,665 shares during the last quarter. nVerses Capital LLC bought a new position in Insteel Industries in the 2nd quarter valued at $121,000. Allspring Global Investments Holdings LLC boosted its position in shares of Insteel Industries by 409.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,340 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 2,685 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Insteel Industries by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,631 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 585 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Insteel Industries in the 2nd quarter worth $270,000. 83.27% of the stock is currently owned by institutional investors.

Insteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.43%. Insteel Industries’s payout ratio is 9.68%.

About Insteel Industries

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.