Insteel Industries (IIIN) Earning Somewhat Positive Press Coverage, Study Finds
News coverage about Insteel Industries (NASDAQ:IIIN) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Insteel Industries earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 47.24542018354 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several brokerages have weighed in on IIIN. Sidoti began coverage on shares of Insteel Industries in a research report on Monday, December 18th. They set a “buy” rating and a $34.00 price target for the company. TheStreet cut shares of Insteel Industries from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th.
Shares of Insteel Industries (IIIN) traded down $0.21 during midday trading on Wednesday, reaching $29.26. 155,100 shares of the company’s stock traded hands, compared to its average volume of 102,440. Insteel Industries has a 1-year low of $23.20 and a 1-year high of $39.20. The company has a market cap of $561.14, a price-to-earnings ratio of 24.80 and a beta of 2.11.
The business also recently disclosed a special dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were issued a $1.00 dividend. The ex-dividend date was Tuesday, December 19th. This represents a yield of 0.44%. Insteel Industries’s dividend payout ratio (DPR) is presently 10.17%.
In other Insteel Industries news, VP James F. Petelle sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $27.11, for a total value of $27,110.00. Following the completion of the transaction, the vice president now directly owns 14,788 shares in the company, valued at approximately $400,902.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION WARNING: This story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2018/01/17/insteel-industries-iiin-earning-somewhat-positive-press-coverage-study-finds.html.
About Insteel Industries
Insteel Industries, Inc is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company’s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).
Receive News & Stock Ratings for Insteel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insteel Industries and related stocks with our FREE daily email newsletter.