Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Insteel Industries (NASDAQ:IIIN - Get Rating) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.Insteel Industries Price Performance

Shares of Insteel Industries stock opened at $27.93 on Tuesday. The business has a 50-day simple moving average of $31.15 and a 200 day simple moving average of $36.29. The firm has a market capitalization of $544.80 million, a price-to-earnings ratio of 4.36 and a beta of 1.22. Insteel Industries has a one year low of $26.94 and a one year high of $47.70. Hedge Funds Weigh In On Insteel Industries

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Insteel Industries by 1.0% in the first quarter. BlackRock Inc. now owns 3,160,709 shares of the industrial products company's stock valued at $116,914,000 after purchasing an additional 30,137 shares during the last quarter. Vanguard Group Inc. lifted its stake in Insteel Industries by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,354,239 shares of the industrial products company's stock valued at $50,093,000 after purchasing an additional 55,935 shares during the last quarter. Royce & Associates LP lifted its stake in Insteel Industries by 20.3% in the first quarter. Royce & Associates LP now owns 653,819 shares of the industrial products company's stock valued at $24,185,000 after purchasing an additional 110,398 shares during the last quarter. State Street Corp lifted its stake in Insteel Industries by 2.2% in the second quarter. State Street Corp now owns 614,877 shares of the industrial products company's stock valued at $20,703,000 after purchasing an additional 13,248 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Insteel Industries by 11.0% during the first quarter. Royal Bank of Canada now owns 349,098 shares of the industrial products company's stock worth $12,912,000 after acquiring an additional 34,736 shares in the last quarter. Hedge funds and other institutional investors own 77.66% of the company's stock. Insteel Industries Company Profile (Get Rating)

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 is 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.Further ReadingGet a free copy of the StockNews.com research report on Insteel Industries (IIIN)Oracle’s Short-Term Pain Could Be Your Long-Term Gain Lucid is Looking Like a Clear EV WinnerStill Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity? Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Insteel Industries, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insteel Industries wasn't on the list.

While Insteel Industries currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.