Insteel Industries
IIIN Small CapIndustrials · Metal Fabrication
Updated: Jul 6, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Insteel Industries Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand, 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. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solutio
Insteel Industries Stock at a Glance
Insteel Industries (IIIN) is currently trading at $29.66 with a market capitalization of $576.4M. The trailing P/E ratio stands at 13.67x, with a forward P/E of 12.84x. The 52-week range spans from $24.35 to $41.64; the current price is 28.8% below the yearly high. Year-over-year revenue growth stands at +7.5%. The net profit margin stands at 6.16%.
💰 Dividend
Insteel Industries pays an annual dividend of $0.12 per share, representing a yield of 0.4%. The payout ratio stands at 5.53%.
📊 Analyst Rating
1 analysts rate Insteel Industries (IIIN) on consensus: None. The average price target is $37.00, implying +24.75% from the current price. Analyst price targets range from $37.00 to $37.00.
Insteel Industries: The Investment Case in Detail
Insteel Industries (IIIN) operates in the Industrials — specifically Metal Fabrication — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.
Valuation in Context
The PEG ratio at 1.08 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 7.75x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.
What to Watch Next
- The analyst consensus price target implies 24.75% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.
Investment Thesis: Strengths & Weaknesses
- Currently flagged as undervalued
- Solid balance sheet with low debt (D/E 0.83)
- –Negative free cash flow
Technical Snapshot
The price is in a transition zone relative to the moving averages — no clear signal.
Risk Profile
The data points to relatively defensive market behavior, elevated short interest (7.66%).
Trading Data
💵 Dividend Info
Related Stocks in the Same Sector
Insteel Industries (IIIN) 2026: 25,69 USD US Steel-Wire Concrete-Reinforcement Specialist at 11,1x Forward Earnings with Infrastructure-and-IIJA Tailwind
The Real Story
Insteel Industries Inc. (NYSE: IIIN) is a US manufacturer of steel-wire-reinforcement-products for concrete-construction. Products: prestressed-concrete-strand (PC strand) for bridges and parking structures, welded-wire-reinforcement for slabs and pavements. Beneficiary of US IIJA infrastructure-investment plus broader-US-non-residential construction.
What Smart Money Thinks
Insteel has institutional base. BlackRock at approximately 13,8 percent, Vanguard at approximately 11,4 percent. Dimensional at approximately 5,2 percent. Short-interest sits at approximately 5 percent of float as of May 2026.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
US IIJA 1,2 trillion USD plus broader non-residential construction supports Insteel order-volumes through 2028.
Re-rating to 13-16x on consensus fiscal-2027 EPS 2,70 USD supports 35-43 USD.
PC strand expertise plus deep customer relationships provide structural moat.
📉 The 3 Real Bear Points
Steel-input-cost-volatility plus Chinese-import competition compress Insteel margins.
Higher-rate environment plus broader-cycle weakness compresses construction-volumes.
IIJA-funding-execution risk extends recovery timing.
Valuation in Context
Insteel at 25,69 USD per share with approximately 19,4 million shares outstanding has a market capitalization of approximately 499 million USD. Forward-P/E 11,1x.
Re-rating to 13-16x on fiscal-2027 EPS 2,70 USD supports 35-43 USD — 36-67 percent upside. Bear-case 17-19 USD. Bull-case 50-60 USD.
🗓️ Next 3 Catalyst Dates
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2026 Q3:
Q3 fiscal-2026 earnings (FY end September 2026). Watch-items: IIJA backlog conversion.
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2027 Q1:
Fiscal-2026 full-year results plus 2027 guidance.
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2027 H2:
Continued IIJA project milestones.
💬 Daniel's Take
Insteel Industries is a quality-cyclical US steel-wire concrete-reinforcement specialist with IIJA-infrastructure tailwind, PC strand expertise moat and 11,1x forward earnings cyclical-fair-value. Position-sizing: 0,3–0,8 percent.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
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