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Investors with an interest in Steel - Speciality stocks have likely encountered both Insteel Industries (IIIN) and NWPX Infrastructure (NWPX). But which of these two stocks is more attractive to value investors?
Bank of New York Mellon Corp acquired a new position in shares of Insteel Industries, Inc. (NYSE: IIIN) during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 222,700 shares of the company's stock, valued at approximately $6,726,000. Bank of New York Mellon
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”) announced today that it will close its facility in Upper Sandusky, Ohio, and move manufacturing requirements to the Company's remaining welded wire reinforcement production facilities, which have ample open capacity to accommodate additional volumes. The consolidation of the Company's welded wire manufacturing operations is expected to result in the elimination of up to 65 positions at the Upper.
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on September 25, 2026, to shareholders of record as of September 11, 2026. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforceme.
Insteel Industries upgraded from Hold to Buy, reflecting attractive risk-reward and peer-relative discount. IIIN is poised for FY2026 revenue growth from higher average selling prices and robust non-residential construction demand, particularly data centers. Margins should stabilize as price hikes and volume leverage offset elevated raw material and freight costs, though cost pressures persist.
Insteel Industries Inc. (IIIN) Q3 2026 Earnings Call Transcript
Insteel Industries NYSE: IIIN reported lower fiscal third-quarter earnings as higher selling prices and modestly improved shipments were outweighed by rising raw material, freight and manufacturing costs, executives said on the company's earnings call.
Insteel Industries (IIIN) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.78 per share a year ago.