Segall Bryant & Hamill LLC Has $5.25 Million Stock Holdings in Insteel Industries, Inc. $IIIN

Segall Bryant & Hamill LLC grew its stake in shares of Insteel Industries, Inc. (NYSE:IIIN) by 111.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 156,139 shares of the company’s stock after acquiring an additional 82,454 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Insteel Industries were worth $5,248,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. increased its position in shares of Insteel Industries by 6.7% in the fourth 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. lifted its position in Insteel Industries by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 9,421 shares of the company’s stock worth $361,000 after purchasing an additional 508 shares during the period. Unison Advisors LLC lifted its position in Insteel Industries by 3.0% during the first quarter. Unison Advisors LLC now owns 18,736 shares of the company’s stock worth $630,000 after purchasing an additional 540 shares during the period. Kennedy Capital Management LLC lifted its position in Insteel Industries by 1.2% during the fourth quarter. Kennedy Capital Management LLC now owns 47,890 shares of the company’s stock worth $1,517,000 after purchasing an additional 552 shares during the period. Finally, Smartleaf Asset Management LLC grew 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 in the last quarter. 83.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IIIN has been the topic of several recent analyst reports. Zacks Research raised shares of Insteel Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Wall Street Zen raised shares of Insteel Industries from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Insteel Industries in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Insteel Industries Stock Up 1.7%

Shares of IIIN stock opened at $31.18 on Tuesday. Insteel Industries, Inc. has a twelve month low of $24.35 and a twelve month high of $39.91. The company has a market cap of $603.58 million, a P/E ratio of 16.76, a P/E/G ratio of 1.61 and a beta of 0.52. The business has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $31.33.

Insteel Industries (NYSE:IIIN) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $197.66 million for the quarter. Insteel Industries had a return on equity of 9.92% and a net margin of 5.14%.During the same period last year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that Insteel Industries, Inc. will post 1.59 earnings per share for the current fiscal year.

Insteel Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors 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 annualized dividend and a yield of 0.4%. Insteel Industries’s dividend payout ratio is presently 6.45%.

Insteel Industries 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.