The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Hold. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Insteel Industries Inc's Score
Industry at a Glance
Industry Ranking
27 / 59
Overall Ranking
150 / 4614
Industry
Homebuilding & Construction Supplies
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
1
analysts
Hold
Current Rating
39.000
Target Price
+24.52%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Insteel Industries Inc Highlights
StrengthsRisks
Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company manufactures and markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR), including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. The Company’s 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. Its WWR is produced as either a standard or a specially engineered reinforcing product for use in nonresidential and residential construction. Its products are sold to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 647.71M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 53.05%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 53.05%.
Undervalued
The company’s latest PE is 14.88, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 16.61M shares, decreasing 6.73% quarter-over-quarter.
Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company manufactures and markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR), including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. The Company’s 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. Its WWR is produced as either a standard or a specially engineered reinforcing product for use in nonresidential and residential construction. Its products are sold to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.