Analysts Point To Insteel Industries, Inc. (NYSE: IIIN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, IIIN falls under the Industrials sector while operating within the Metal Fabrication industry segment. The current market capitalization of Insteel Industries, Inc. is $668.74M. A total of 71674.0 shares were traded on the day, compared to an average of 114.62K shares.

In the most recent transaction, Wagner Richard sold 1,715 shares of IIIN for 36.14 per share on Mar 01 ’24. After the transaction, the Senior Vice President and COO now owns 40,952 company shares. In a previous transaction on Sep 06 ’23, PETELLE JAMES F sold 1,499 shares at 33.50 per share. IIIN shares that VP and Asst. Secretary owns now total 17,791.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Insteel Industries, Inc. pays an annual dividend of $0.12, resulting in a dividend yield of 0.35%, and it has a price to earnings (P/E) ratio of 33.24.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, IIIN has a high of $39.38 and a low of $25.01.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. IIIN’s latest balance sheet shows that the firm has $89.88M in Cash & Short Term Investments as of fiscal 2021. There were $1.73M in debt and $68.85M in liabilities at the time. Its Book Value Per Share was $17.79, while its Total Shareholder’s Equity was $302.04M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IIIN is Buy with a score of 0.00.

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