Susquehanna Fundamental Investments LLC Has $1.20 Million Stock Holdings in Insteel Industries, Inc. $IIIN

Susquehanna Fundamental Investments LLC boosted its holdings in shares of Insteel Industries, Inc. (NYSE:IIIN) by 111.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,575 shares of the company’s stock after acquiring an additional 20,858 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.20% of Insteel Industries worth $1,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IIIN. AQR Capital Management LLC lifted its holdings in shares of Insteel Industries by 12.4% during the first quarter. AQR Capital Management LLC now owns 155,949 shares of the company’s stock worth $4,101,000 after purchasing an additional 17,168 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Insteel Industries in the first quarter valued at $225,000. Quantbot Technologies LP acquired a new stake in Insteel Industries in the second quarter valued at $220,000. Arrowstreet Capital Limited Partnership raised its position in Insteel Industries by 28.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 123,667 shares of the company’s stock worth $4,602,000 after purchasing an additional 27,702 shares during the last quarter. Finally, Jump Financial LLC raised its position in Insteel Industries by 94.3% during the 2nd quarter. Jump Financial LLC now owns 17,369 shares of the company’s stock worth $646,000 after purchasing an additional 8,429 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Insteel Industries

In related news, COO Richard Wagner sold 1,640 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.31, for a total transaction of $49,708.40. Following the transaction, the chief operating officer owned 40,000 shares in the company, valued at $1,212,400. The trade was a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IIIN has been the topic of a number of analyst reports. Weiss Ratings upgraded Insteel Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Zacks Research raised Insteel Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Insteel Industries from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Insteel Industries Trading Down 0.3%

Shares of IIIN opened at $30.02 on Wednesday. The stock has a market capitalization of $581.19 million, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.58 and a beta of 0.51. The firm’s fifty day simple moving average is $30.97 and its two-hundred day simple moving average is $30.92. Insteel Industries, Inc. has a 12 month low of $24.35 and a 12 month high of $39.91.

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

Insteel Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Insteel Industries’s dividend payout ratio (DPR) is 6.45%.

Insteel Industries Company 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.