Sidoti Csr Lifts Earnings Estimates for Insteel Industries

Insteel Industries, Inc. (NASDAQ:IIIN) – Sidoti Csr lifted their Q2 2026 earnings per share estimates for Insteel Industries in a report released on Friday, January 16th. Sidoti Csr analyst J. Romero now expects that the industrial products company will post earnings of $0.80 per share for the quarter, up from their previous estimate of $0.71. The consensus estimate for Insteel Industries’ current full-year earnings is $1.38 per share. Sidoti Csr also issued estimates for Insteel Industries’ Q3 2026 earnings at $0.93 EPS, Q4 2026 earnings at $0.92 EPS, FY2026 earnings at $3.04 EPS, Q3 2027 earnings at $0.98 EPS and Q4 2027 earnings at $1.00 EPS.

Insteel Industries (NASDAQ:IIIN) last issued its earnings results on Thursday, January 15th. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Insteel Industries had a net margin of 3.58% and a return on equity of 5.91%. Insteel Industries’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share.

Insteel Industries Stock Up 6.2%

Shares of NASDAQ:IIIN opened at $34.21 on Monday. Insteel Industries has a 52-week low of $22.49 and a 52-week high of $41.64. The stock has a market cap of $663.52 million, a P/E ratio of 34.55, a PEG ratio of 1.81 and a beta of 0.81. The business has a fifty day moving average of $32.08 and a two-hundred day moving average of $34.92.

Hedge Funds Weigh In On Insteel Industries

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in Insteel Industries during the 3rd quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Insteel Industries during the second quarter worth $60,000. BNP Paribas Financial Markets increased its position in shares of Insteel Industries by 74.3% during the second quarter. BNP Paribas Financial Markets now owns 2,248 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 958 shares during the period. Quarry LP acquired a new stake in shares of Insteel Industries in the third quarter valued at $89,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Insteel Industries by 30.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,516 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 583 shares in the last quarter. 83.27% of the stock is currently owned by hedge funds and other institutional investors.

Insteel Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $1.00 dividend. The ex-dividend date was Friday, November 28th. This represents a $4.00 dividend on an annualized basis and a yield of 11.7%. Insteel Industries’s payout ratio is currently 4.94%.

Insteel Industries Company Profile

Insteel Industries, Inc is a leading U.S. manufacturer of fabricated steel wire reinforcing products used in concrete construction. Headquartered in Mount Airy, North Carolina, the company specializes in the production of welded wire reinforcing mesh, steel wire chairs and supports, and various accessories designed to improve the strength and durability of residential, commercial and infrastructure concrete projects. Insteel’s products are engineered to meet industry specifications for load?bearing capacity, corrosion resistance and ease of installation.

The company operates multiple manufacturing facilities across the United States, employing automated welding and forming processes to ensure consistent product quality and efficient throughput.