Insteel Industries (IIIN)
Market Price (10/23/2026): $30.3 | Market Cap: $589.4 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Insteel Industries (IIIN)
Market Price (10/23/2026): $30.3Market Cap: $589.4 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 3.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and E-commerce Logistics & Data Centers. Themes include Water Treatment & Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -70% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 577x Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.4% Key risksIIIN key risks include [1] cyclical construction demand for its concrete reinforcing products, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 3.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and E-commerce Logistics & Data Centers. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -70% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 577x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.4% |
| Key risksIIIN key risks include [1] cyclical construction demand for its concrete reinforcing products, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/22/2026
Insteel Industries (IIIN) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q4 2026 Earnings and Revenue Performance.
Insteel Industries reported mixed financial results for its fiscal fourth quarter ended October 3, 2026. The company's net earnings decreased to $7.7 million, or $0.40 per share, from $14.6 million, or $0.74 per diluted share, in the prior-year quarter, missing analyst expectations of $0.49 per share. This decline included $0.7 million in restructuring charges. However, net sales for the quarter increased by 17.9% to $209.3 million, surpassing analyst forecasts by nearly $8 million, driven by a 6.6% rise in average selling prices and a 10.6% increase in shipments, partly due to an extra week in the fiscal calendar. This combination of an earnings miss alongside robust revenue growth likely contributed to the stock's relatively stable movement, as positive sales momentum was counterbalanced by lower profitability.
2. Significant Margin Compression Due to Elevated Costs.
A core reason for the stable stock performance despite increased sales was significant margin compression. Insteel's gross profit for fiscal Q4 2026 decreased to $21.0 million from $28.6 million in the prior-year quarter, leading to a contraction in gross margin to 10.0% from 16.1%. This decline was primarily attributed to higher raw material costs, inflationary trends in freight and other operating expenses, which outpaced the implemented price increases. The company's CEO noted that domestic wire rod prices remained at historically high levels and that a 50% Section 232 tariff rate exacerbated raw material sourcing challenges and cost pressures. These persistent cost headwinds eroded profitability and put downward pressure on the stock, offsetting positive revenue news.
Show more
Insteel Industries (IIIN) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q4 2026 Earnings and Revenue Performance.
Insteel Industries reported mixed financial results for its fiscal fourth quarter ended October 3, 2026. The company's net earnings decreased to $7.7 million, or $0.40 per share, from $14.6 million, or $0.74 per diluted share, in the prior-year quarter, missing analyst expectations of $0.49 per share. This decline included $0.7 million in restructuring charges. However, net sales for the quarter increased by 17.9% to $209.3 million, surpassing analyst forecasts by nearly $8 million, driven by a 6.6% rise in average selling prices and a 10.6% increase in shipments, partly due to an extra week in the fiscal calendar. This combination of an earnings miss alongside robust revenue growth likely contributed to the stock's relatively stable movement, as positive sales momentum was counterbalanced by lower profitability.
2. Significant Margin Compression Due to Elevated Costs.
A core reason for the stable stock performance despite increased sales was significant margin compression. Insteel's gross profit for fiscal Q4 2026 decreased to $21.0 million from $28.6 million in the prior-year quarter, leading to a contraction in gross margin to 10.0% from 16.1%. This decline was primarily attributed to higher raw material costs, inflationary trends in freight and other operating expenses, which outpaced the implemented price increases. The company's CEO noted that domestic wire rod prices remained at historically high levels and that a 50% Section 232 tariff rate exacerbated raw material sourcing challenges and cost pressures. These persistent cost headwinds eroded profitability and put downward pressure on the stock, offsetting positive revenue news.
Show more
Updated on 10/22/2026
Insteel Industries (IIIN) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q4 2026 Earnings and Revenue Performance.
Insteel Industries reported mixed financial results for its fiscal fourth quarter ended October 3, 2026. The company's net earnings decreased to $7.7 million, or $0.40 per share, from $14.6 million, or $0.74 per diluted share, in the prior-year quarter, missing analyst expectations of $0.49 per share. This decline included $0.7 million in restructuring charges. However, net sales for the quarter increased by 17.9% to $209.3 million, surpassing analyst forecasts by nearly $8 million, driven by a 6.6% rise in average selling prices and a 10.6% increase in shipments, partly due to an extra week in the fiscal calendar. This combination of an earnings miss alongside robust revenue growth likely contributed to the stock's relatively stable movement, as positive sales momentum was counterbalanced by lower profitability.
2. Significant Margin Compression Due to Elevated Costs.
A core reason for the stable stock performance despite increased sales was significant margin compression. Insteel's gross profit for fiscal Q4 2026 decreased to $21.0 million from $28.6 million in the prior-year quarter, leading to a contraction in gross margin to 10.0% from 16.1%. This decline was primarily attributed to higher raw material costs, inflationary trends in freight and other operating expenses, which outpaced the implemented price increases. The company's CEO noted that domestic wire rod prices remained at historically high levels and that a 50% Section 232 tariff rate exacerbated raw material sourcing challenges and cost pressures. These persistent cost headwinds eroded profitability and put downward pressure on the stock, offsetting positive revenue news.
3. Strategic Operational Adjustments and Future Growth Investments.
Insteel undertook strategic operational adjustments while also committing to future growth investments. In August 2026, the company announced the closure of its Upper Sandusky, Ohio facility to consolidate welded wire operations, expecting to incur approximately $4.6 million in restructuring charges, including $0.7 million in Q4 fiscal 2026. This move is aimed at improving operational efficiency and cost competitiveness. Simultaneously, Insteel outlined plans for approximately $30 million in capital expenditures for fiscal 2027, with roughly $20 million earmarked for a new engineered structural mesh (ESM) production line to meet anticipated demand. These actions represent a mix of cost-cutting and future-oriented investments, balancing short-term adjustments with long-term growth prospects, contributing to a neutral stock sentiment.
4. Mixed Demand Environment in Key Construction Markets.
The demand environment for Insteel's products was mixed during the period. While residential construction remained weak, demand was sustained by public funding for infrastructure improvements and robust growth in data center construction. The company's broader customer base for engineered structural mesh helped maintain shipment volumes despite softness in the overall construction market. Although some data center project shipments experienced delays during fiscal Q4 2026, these were characterized as postponements rather than cancellations, with shipments commencing by the earnings report. This selective strength in non-residential construction segments, particularly infrastructure and data centers, provided a counterbalance to weaknesses elsewhere, helping to stabilize stock movement.
5. Strong Balance Sheet and Consistent Shareholder Returns.
Insteel's strong financial position provided a floor for its stock performance. The company concluded fiscal 2026 debt-free, with a net cash balance of $37.5 million and no outstanding borrowings under its $100.0 million revolving credit facility. Furthermore, Insteel demonstrated a commitment to returning capital to shareholders, distributing $24.9 million through dividends and share repurchases during fiscal 2026. This included repurchasing approximately 114,000 shares at a total cost of $3.2 million. The company's robust liquidity and capital allocation strategy instilled investor confidence, mitigating some of the negative impact from margin pressures and contributing to the stock's overall stability.
Show less
Insteel Industries (IIIN) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q4 2026 Earnings and Revenue Performance.
Insteel Industries reported mixed financial results for its fiscal fourth quarter ended October 3, 2026. The company's net earnings decreased to $7.7 million, or $0.40 per share, from $14.6 million, or $0.74 per diluted share, in the prior-year quarter, missing analyst expectations of $0.49 per share. This decline included $0.7 million in restructuring charges. However, net sales for the quarter increased by 17.9% to $209.3 million, surpassing analyst forecasts by nearly $8 million, driven by a 6.6% rise in average selling prices and a 10.6% increase in shipments, partly due to an extra week in the fiscal calendar. This combination of an earnings miss alongside robust revenue growth likely contributed to the stock's relatively stable movement, as positive sales momentum was counterbalanced by lower profitability.
2. Significant Margin Compression Due to Elevated Costs.
A core reason for the stable stock performance despite increased sales was significant margin compression. Insteel's gross profit for fiscal Q4 2026 decreased to $21.0 million from $28.6 million in the prior-year quarter, leading to a contraction in gross margin to 10.0% from 16.1%. This decline was primarily attributed to higher raw material costs, inflationary trends in freight and other operating expenses, which outpaced the implemented price increases. The company's CEO noted that domestic wire rod prices remained at historically high levels and that a 50% Section 232 tariff rate exacerbated raw material sourcing challenges and cost pressures. These persistent cost headwinds eroded profitability and put downward pressure on the stock, offsetting positive revenue news.
3. Strategic Operational Adjustments and Future Growth Investments.
Insteel undertook strategic operational adjustments while also committing to future growth investments. In August 2026, the company announced the closure of its Upper Sandusky, Ohio facility to consolidate welded wire operations, expecting to incur approximately $4.6 million in restructuring charges, including $0.7 million in Q4 fiscal 2026. This move is aimed at improving operational efficiency and cost competitiveness. Simultaneously, Insteel outlined plans for approximately $30 million in capital expenditures for fiscal 2027, with roughly $20 million earmarked for a new engineered structural mesh (ESM) production line to meet anticipated demand. These actions represent a mix of cost-cutting and future-oriented investments, balancing short-term adjustments with long-term growth prospects, contributing to a neutral stock sentiment.
4. Mixed Demand Environment in Key Construction Markets.
The demand environment for Insteel's products was mixed during the period. While residential construction remained weak, demand was sustained by public funding for infrastructure improvements and robust growth in data center construction. The company's broader customer base for engineered structural mesh helped maintain shipment volumes despite softness in the overall construction market. Although some data center project shipments experienced delays during fiscal Q4 2026, these were characterized as postponements rather than cancellations, with shipments commencing by the earnings report. This selective strength in non-residential construction segments, particularly infrastructure and data centers, provided a counterbalance to weaknesses elsewhere, helping to stabilize stock movement.
5. Strong Balance Sheet and Consistent Shareholder Returns.
Insteel's strong financial position provided a floor for its stock performance. The company concluded fiscal 2026 debt-free, with a net cash balance of $37.5 million and no outstanding borrowings under its $100.0 million revolving credit facility. Furthermore, Insteel demonstrated a commitment to returning capital to shareholders, distributing $24.9 million through dividends and share repurchases during fiscal 2026. This included repurchasing approximately 114,000 shares at a total cost of $3.2 million. The company's robust liquidity and capital allocation strategy instilled investor confidence, mitigating some of the negative impact from margin pressures and contributing to the stock's overall stability.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 0.4% change in IIIN stock from 6/30/2026 to 10/22/2026 was primarily driven by a 17.2% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.17 | 30.30 | 0.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 690 | 708 | 2.6% |
| Net Income Margin (%) | 6.2% | 5.1% | -16.6% |
| P/E Multiple | 13.8 | 16.2 | 17.2% |
| Shares Outstanding (Mil) | 19 | 19 | 0.2% |
| Cumulative Contribution | 0.4% |
Market Drivers
6/30/2026 to 10/22/2026| Return | Correlation | |
|---|---|---|
| IIIN | 0.4% | |
| Market (SPY) | 2.3% | 43.2% |
| Sector (XLI) | -10.0% | 59.6% |
Fundamental Drivers
The -9.7% change in IIIN stock from 3/31/2026 to 10/22/2026 was primarily driven by a -26.7% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.54 | 30.30 | -9.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 678 | 708 | 4.4% |
| Net Income Margin (%) | 7.0% | 5.1% | -26.7% |
| P/E Multiple | 13.7 | 16.2 | 17.9% |
| Shares Outstanding (Mil) | 19 | 19 | 0.1% |
| Cumulative Contribution | -9.7% |
Market Drivers
3/31/2026 to 10/22/2026| Return | Correlation | |
|---|---|---|
| IIIN | -9.7% | |
| Market (SPY) | 17.8% | 28.2% |
| Sector (XLI) | 3.3% | 43.0% |
Fundamental Drivers
The -18.1% change in IIIN stock from 9/30/2025 to 10/22/2026 was primarily driven by a -30.0% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.98 | 30.30 | -18.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 605 | 708 | 17.1% |
| Net Income Margin (%) | 5.2% | 5.1% | -0.2% |
| P/E Multiple | 23.1 | 16.2 | -30.0% |
| Shares Outstanding (Mil) | 19 | 19 | 0.1% |
| Cumulative Contribution | -18.1% |
Market Drivers
9/30/2025 to 10/22/2026| Return | Correlation | |
|---|---|---|
| IIIN | -18.1% | |
| Market (SPY) | 15.6% | 30.3% |
| Sector (XLI) | 9.0% | 42.0% |
Fundamental Drivers
The 8.3% change in IIIN stock from 9/30/2023 to 10/22/2026 was primarily driven by a 51.8% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.99 | 30.30 | 8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 700 | 708 | 1.1% |
| Net Income Margin (%) | 7.3% | 5.1% | -29.6% |
| P/E Multiple | 10.7 | 16.2 | 51.8% |
| Shares Outstanding (Mil) | 19 | 19 | 0.2% |
| Cumulative Contribution | 8.3% |
Market Drivers
9/30/2023 to 10/22/2026| Return | Correlation | |
|---|---|---|
| IIIN | 8.3% | |
| Market (SPY) | 84.8% | 38.4% |
| Sector (XLI) | 71.0% | 50.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IIIN Return | 88% | -26% | 50% | -27% | 22% | -4% | 80% |
| Peers Return | -16% | -36% | 33% | 119% | -9% | 16% | 64% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| IIIN Win Rate | 58% | 25% | 58% | 50% | 58% | 60% | |
| Peers Win Rate | 44% | 39% | 56% | 47% | 50% | 38% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| IIIN Max Drawdown | -26% | -47% | -24% | -30% | -24% | -36% | |
| Peers Max Drawdown | -40% | -51% | -36% | -38% | -48% | -48% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GGG, GHM, GFUZ, MFP, OPTT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/22/2026 (YTD)
How Low Can It Go
| Event | IIIN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.0% | -18.8% |
| % Gain to Breakeven | 29.9% | 23.1% |
| Time to Breakeven | 14 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.4% | -9.5% |
| % Gain to Breakeven | 18.2% | 10.5% |
| Time to Breakeven | 18 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.9% | -6.7% |
| % Gain to Breakeven | 13.6% | 7.1% |
| Time to Breakeven | 39 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -36.8% | -24.5% |
| % Gain to Breakeven | 58.2% | 32.4% |
| Time to Breakeven | 414 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.9% | -33.7% |
| % Gain to Breakeven | 103.5% | 50.9% |
| Time to Breakeven | 230 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.3% | -19.2% |
| % Gain to Breakeven | 54.7% | 23.8% |
| Time to Breakeven | 805 days | 105 days |
In The Past
Insteel Industries's stock fell -23.0% during the 2025 US Tariff Shock. Such a loss loss requires a 29.9% gain to breakeven.
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Asset Allocation
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| Event | IIIN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.0% | -18.8% |
| % Gain to Breakeven | 29.9% | 23.1% |
| Time to Breakeven | 14 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -36.8% | -24.5% |
| % Gain to Breakeven | 58.2% | 32.4% |
| Time to Breakeven | 414 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.9% | -33.7% |
| % Gain to Breakeven | 103.5% | 50.9% |
| Time to Breakeven | 230 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.3% | -19.2% |
| % Gain to Breakeven | 54.7% | 23.8% |
| Time to Breakeven | 805 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.8% | -3.7% |
| % Gain to Breakeven | 42.5% | 3.9% |
| Time to Breakeven | 31 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -36.6% | -6.8% |
| % Gain to Breakeven | 57.6% | 7.3% |
| Time to Breakeven | 52 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -21.4% | -15.4% |
| % Gain to Breakeven | 27.3% | 18.2% |
| Time to Breakeven | 129 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -61.4% | -53.4% |
| % Gain to Breakeven | 159.2% | 114.4% |
| Time to Breakeven | 195 days | 1085 days |
In The Past
Insteel Industries's stock fell -23.0% during the 2025 US Tariff Shock. Such a loss loss requires a 29.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Insteel Industries (IIIN)
Insteel Industries, Inc. (IIIN) manufactures and markets steel wire reinforcing products essential for various concrete construction applications. The company's core business involves providing critical components that enhance the strength and durability of concrete structures. Its product portfolio primarily consists of two key categories: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).
The company's PC strand is a specialized seven-wire strand used to introduce compression forces into precast concrete elements, providing crucial reinforcement for large-scale projects such as bridges, parking decks, and commercial buildings. Its WWR products are engineered reinforcing solutions, including engineered structural mesh, which serves as a primary reinforcement in concrete elements as an alternative to traditional rebar. Insteel also produces concrete pipe reinforcement for infrastructure like drainage and sewage systems, as well as standard welded wire reinforcement used for crack control in residential and light nonresidential applications, such as driveways, sidewalks, and slab-on-grade construction.
Insteel Industries sells its products through a network of sales representatives. Its primary customers include manufacturers of concrete products, rebar fabricators, distributors, and contractors. While headquartered in Mount Airy, North Carolina, the company serves a broad market, primarily operating in the United States, Canada, Mexico, and parts of Central and South America.
AI Analysis | Feedback
Here are 1-3 brief analogies for Insteel Industries:
- Insteel is like a specialized Nucor, but instead of making raw steel, they fabricate critical steel wire and mesh specifically for reinforcing concrete structures.
- Insteel is like the Owens Corning for concrete, providing the crucial steel reinforcement that makes bridges, buildings, and pipes strong, rather than insulation or roofing.
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- Prestressed Concrete Strand (PC strand): A seven-wire strand used to impart compression forces into precast concrete elements and structures for reinforcement in various construction projects.
- Engineered Structural Mesh: An engineered, made-to-order welded wire mesh product used as primary reinforcement for concrete elements or structures, serving as an alternative to hot-rolled rebar.
- Concrete Pipe Reinforcement: An engineered, made-to-order welded wire product used as primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems.
- Standard Welded Wire Reinforcement: A secondary reinforcing product primarily used for crack control applications in residential and light nonresidential construction, including driveways and sidewalks.
AI Analysis | Feedback
The major customers of Insteel Industries (IIIN) are other companies. Based on the provided description, Insteel sells its products to the following categories of customers:
- Manufacturers of concrete products
- Rebar fabricators
- Distributors
- Contractors
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H. O. Woltz III, Chairman, President and Chief Executive Officer
H. O. Woltz III has served as Insteel's Chairman, President, and Chief Executive Officer for many years, having been with the company and its subsidiaries since 1978. He was elected Chief Executive Officer in 1991, President in 1989, and Chairman of the Board in 2009. Prior to these roles, he served as President of Rappahannock Wire Company, a former subsidiary, from 1981 to 1989, and as President of Florida Wire and Cable, Inc. until its merger into Insteel Wire Products Company in 2002. He led the family-owned company through the process of becoming a publicly traded entity and has been instrumental in its growth and acquisitions, transforming it from a regional company to one with a national scope.
Scot R. Jafroodi, Vice President, Chief Financial Officer and Treasurer
Scot R. Jafroodi currently serves as Insteel's Vice President, Chief Financial Officer and Treasurer, a position he assumed on January 2, 2023. He has held various capacities with the company since 2005, including Vice President, Corporate Controller, and Chief Accounting Officer from October 2020 to 2023. Before joining Insteel, Mr. Jafroodi was a Senior Manager at BDO Seidman, LLP from 2003 to 2005 and spent 10 years at Deloitte & Touche USA, LLP, most recently as a Senior Manager.
Richard T. Wagner, Senior Vice President, Chief Operating Officer
Richard T. Wagner is Insteel's Senior Vice President, Chief Operating Officer, a role he has held since 2020. He has been with Insteel and its subsidiaries since 1992, having previously served as Vice President and General Manager of the Concrete Reinforcing Products Business Unit of Insteel Wire Products Company from 1998 to 2020. Prior to his tenure at Insteel, Mr. Wagner held various positions with Florida Wire and Cable, Inc. from 1977.
James R. York, Senior Vice President, Sourcing and Logistics
James R. York serves as Insteel's Senior Vice President, Sourcing and Logistics. He has been with Insteel Industries, Inc. in various capacities.
Elizabeth C. Southern, Vice President, Administration, Secretary and Chief Legal Officer
Elizabeth C. Southern joined Insteel in 2023 and is currently the Vice President, Administration, Secretary, and Chief Legal Officer. Before joining Insteel, Ms. Southern held various senior management roles with Hanesbrands Inc. from 2011 to 2023, including Deputy General Counsel and Assistant Secretary, and Vice President, Human Resources. Earlier in her career, she worked as an associate attorney at Womble Bond Dickinson (US) LLP.
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Insteel Industries (IIIN) faces several key risks inherent to its business, primarily stemming from the cyclical nature of its end markets, fluctuations in raw material costs, and competitive pressures.
The most significant risk to Insteel Industries is the **cyclicality of the construction market and broader economic conditions**. The company's demand for prestressed concrete strand and welded wire reinforcement products is closely tied to non-residential, infrastructure, and, to a lesser extent, residential construction activity. This makes Insteel highly sensitive to economic downturns, changes in interest rates, and government spending on infrastructure projects, all of which can lead to volatility in demand and financial performance.
Another critical risk is the **volatility in raw material costs, particularly due to tariffs on imported steel**. Insteel's profitability is significantly influenced by the cost of wire rod, its primary raw material. U.S. tariff policies on imported steel have directly led to increased raw material costs for Insteel, impacting its cost of goods sold. Additionally, these tariffs can also affect the competitive landscape for finished products.
Finally, Insteel operates within an **intensely competitive market**. The company faces competition from both domestic manufacturers of steel wire reinforcing products and, to a lesser extent, imported finished products. This competitive environment can put pressure on pricing and market share.
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The increasing adoption and technological advancements of fiber-reinforced polymer (FRP) composites as an alternative to steel reinforcement in concrete construction. FRP offers advantages such as corrosion resistance, lighter weight, and improved durability, making it an attractive substitute for steel wire reinforcing products in various applications, particularly those exposed to harsh environments or requiring specific non-magnetic properties. This trend could erode demand for Insteel's traditional steel-based products over time.
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Insteel Industries (symbol: IIIN) operates in addressable markets related to prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).
Prestressed Concrete (PC) Strand Market
- The global prestressed concrete wire and strand market was valued at approximately $6.55 billion in 2025 and is projected to reach $10.88 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.21% from 2026 to 2035. Other estimates place the global market at $5.2 billion in 2022, with a projection to reach $9.1 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
- In North America, the PC wire and strand market is a significant segment, with the U.S. market specifically valued at $1.33 billion in 2025. It is expected to grow to $1.99 billion by 2035, at a CAGR of 4.13% over the forecast period of 2026–2035. The U.S. market for PC wire and strand was also valued at $1.2 billion in 2022 and is anticipated to grow at a CAGR of 3.5% from 2023 to 2030. In 2025, North America accounted for an estimated 29% share of the Prestressed Concrete Wire and Strand Market.
Welded Wire Reinforcement (WWR) Market
- The global welded wire reinforcement market is estimated to be valued between $15.5 billion and $25.5 billion in 2025. This market is projected to experience a steady compound annual growth rate ranging from 1.8% to 3.8% through 2030.
- North America represents a mature and significant regional market for welded wire reinforcement, with growth rates estimated at 1.5% to 2.8% annually. North America's estimated share of the global welded wire fabric market is 18%.
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Insteel Industries (IIIN) is anticipated to drive future revenue growth over the next two to three years through several key factors:
- Sustained Demand in Non-Residential Construction: The company expects continued strength in non-residential construction, particularly from infrastructure spending and the robust activity in data center development. This segment has been identified as a key demand driver.
- Benefits from Recent Acquisitions: Insteel completed two acquisitions shortly after the close of fiscal 2024, which are projected to enhance its competitive position in the Midwestern and Texas markets and contribute to incremental shipment volumes and solid returns.
- Effective Pricing Actions and Favorable Spreads: The company has demonstrated the ability to implement pricing adjustments to offset rising raw material and operating costs. Maintaining wider spreads between selling prices and raw material costs has positively impacted net sales and gross margins, and is expected to continue supporting revenue growth.
- Anticipated Recovery in Residential Construction: While residential markets have experienced softness, Insteel's management observes early signs of stabilization and a cautiously optimistic long-term outlook for demand. A downward trajectory of interest rates could further support a recovery in this sector.
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Share Repurchases
- From September 28, 2025, to December 27, 2025, Insteel Industries repurchased US$0.74 million worth of shares.
- Repurchases of common stock for the first quarter of fiscal 2026 amounted to $0.745 million.
- Cumulative repurchases under a buyback program initiated in 2008 total US$8.39 million for 280,509 shares.
Capital Expenditures
- Capital outlays for fiscal 2026 are expected to reach up to approximately $20.0 million, primarily focused on cost and productivity improvement initiatives as well as recurring maintenance requirements.
- Capital expenditures for fiscal 2025 decreased to $8.2 million.
- For fiscal 2024, capital expenditures were $19.1 million, with a focus on cost and productivity.
Peer Outperformance in Industrial Machinery & Supplies & Components
IIIN has trailed 61% of its 71 Industrial Machinery & Supplies & Components peers over 5Y. Among the peers that beat it are GWW, PH and NPO. Industrial Machinery & Supplies & Components ranks 6th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that IIIN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
41%
of 76 industry peers · 1.0% return
3Y
38%
of 74 industry peers · 25.8% return
5Y
39%
of 71 industry peers · 9.4% return
Industrial Machinery & Supplies & Components peers with revenue growth within 4pp of IIIN's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| IIIN | Insteel Industries | 1.8% | 16.2x | 1.0% | 25.8% | 9.4% | — |
| GWW | W.W. Grainger | 5.6% | 34.3x | 41.7% | 103.2% | 227.9% | +218pp |
| PH | Parker Hannifin | 4.1% | 30.9x | 21.5% | 151.0% | 219.3% | +210pp |
| NPO | Enpro | 3.6% | 127.8x | 17.2% | 132.8% | 215.5% | +206pp |
| FLS | Flowserve | 5.4% | 23.3x | 32.4% | 94.4% | 100.4% | +91pp |
| VMI | Valmont Industries | -0.7% | 17.6x | 9.4% | 92.0% | 96.1% | +87pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is IIIN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -2.5% | 102.3% | 139.8% | STRL 1538% · FIX 1451% · AGX 712% |
| Marine Transportation | 5 | 53.7% | 50.1% | 131.4% | MATX 188% · KEX 131% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 2.1% | 58.8% | 94.9% | CAT 280% · ALSN 241% · WAB 208% |
| Aerospace & Defense | 52 | -12.6% | 59.4% | 57.0% | ATI 913% · FTAI 721% · HWM 544% |
| Trading Companies & Distributors | 19 | 12.5% | 32.3% | 51.1% | DXPE 382% · AIT 233% · URI 213% |
| Industrial Machinery & Supplies & Components ← | 72 | 5.8% | 55.2% | 38.4% | CRS 867% · MLI 375% · SYM 308% |
| Diversified Support Services | 34 | 11.3% | 38.9% | 36.6% | CXW 226% · OPLN 155% · CTAS 120% |
| Rail Transportation | 7 | 32.2% | 62.3% | 31.1% | CSX 56% · UNP 40% · NSC 31% |
| Building Products | 33 | -7.3% | 12.9% | 24.5% | GFF 344% · TT 164% · JCI 114% |
| Cargo Ground Transportation | 16 | 33.6% | 6.9% | 19.4% | XPO 262% · R 237% · ARCB 51% |
| Electrical Components & Equipment | 37 | -11.3% | 70.5% | 3.7% | POWL 1786% · BE 979% · VRT 717% |
| Industrial Conglomerates | 17 | 7.7% | 8.7% | -5.9% | CSW 121% · DD 72% · CSL 64% |
| Agricultural & Farm Machinery | 16 | 1.5% | -1.6% | -10.6% | DE 102% · TTC 15% · AGCO -6% |
| Data Processing & Outsourced Services | 6 | -21.6% | 0.4% | -15.0% | EXLS 73% · BR 11% · G -12% |
| Research & Consulting Services | 13 | 4.1% | -12.2% | -15.9% | HURN 290% · FCN 11% · BAH 5% |
| Security & Alarm Services | 9 | -52.1% | 12.7% | -21.3% | BCO 99% |
| Office Services & Supplies | 9 | 19.4% | 18.4% | -24.4% | PBI 201% · TILE 148% · HNI 43% |
| Environmental & Facilities Services | 29 | -26.4% | 32.4% | -32.4% | GEO 231% · CLH 180% · RSG 93% |
| Passenger Airlines | 11 | 5.1% | 20.4% | -34.2% | LTM 3130% · UAL 118% · DAL 107% |
| Passenger Ground Transportation | 3 | -25.1% | 60.5% | -36.4% | UBER 52% · CAR -36% · LYFT -64% |
| Air Freight & Logistics | 12 | -25.4% | -18.7% | -39.6% | FDX 80% · EXPD 69% · CHRW 61% |
| Human Resource & Employment Services | 22 | 17.2% | -9.0% | -42.0% | ADP 58% · PAYX 12% · FA 10% |
| Airport Services | 4 | -69.6% | -68.3% | -83.5% | JOBY -48% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 35.75 |
| Mkt Cap | 0.7 |
| Rev LTM | 782 |
| Op Inc LTM | 65 |
| FCF LTM | 25 |
| FCF 3Y Avg | 34 |
| CFO LTM | 47 |
| CFO 3Y Avg | 47 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.1% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | 9.9% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 6.4% |
| Op Inc Chg 3Y Avg | 13.8% |
| Op Mgn LTM | 8.2% |
| Op Mgn 3Y Avg | 5.7% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 6.2% |
| CFO/Rev 3Y Avg | 8.3% |
| FCF/Rev LTM | 2.6% |
| FCF/Rev 3Y Avg | 6.0% |
Price Behavior
Price Behavior
| Market Price | $30.30 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -20.3% | |
| 50 Days | 200 Days | |
| DMA Price | $30.24 | $31.03 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 0.2% | -2.3% |
| 3M | 1YR | |
| Volatility | 26.4% | 38.3% |
| Downside Capture | 165.98 | 78.35 |
| Upside Capture | 81.39 | 63.32 |
| Correlation (S&P 500) | 60.2% | 30.4% |
IIIN Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.91 | 1.48 | 1.08 | 1.01 | 0.99 | 0.96 |
| Up Beta | -0.51 | 1.96 | 1.18 | 1.45 | 0.94 | 0.95 |
| Down Beta | 0.77 | 1.54 | 1.40 | 1.24 | 1.35 | 0.77 |
| Up Capture | 91% | 108% | 85% | 39% | 56% | 86% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 21 | 33 | 69 | 136 | 383 |
| Down Capture | 146% | 174% | 117% | 112% | 107% | 105% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 21 | 31 | 57 | 116 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IIIN | |
|---|---|---|---|---|
| IIIN | -0.2% | 38.3% | 0.08 | - |
| Sector ETF (XLI) | 8.6% | 17.2% | 0.31 | 44.6% |
| Equity (SPY) | 14.8% | 12.7% | 0.80 | 30.5% |
| Gold (GLD) | -2.2% | 28.4% | -0.09 | 12.5% |
| Commodities (DBC) | 52.1% | 20.7% | 1.91 | -20.6% |
| Real Estate (VNQ) | 4.7% | 13.9% | 0.08 | 14.0% |
| Bitcoin (BTCUSD) | -22.4% | 43.4% | -0.47 | 7.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IIIN | |
|---|---|---|---|---|
| IIIN | -0.0% | 38.7% | 0.10 | - |
| Sector ETF (XLI) | 12.0% | 17.6% | 0.51 | 52.6% |
| Equity (SPY) | 13.0% | 17.1% | 0.57 | 43.1% |
| Gold (GLD) | 17.1% | 18.9% | 0.72 | 3.1% |
| Commodities (DBC) | 9.3% | 19.5% | 0.36 | 7.0% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 39.5% |
| Bitcoin (BTCUSD) | 8.0% | 51.7% | 0.33 | 19.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IIIN | |
|---|---|---|---|---|
| IIIN | 3.2% | 43.8% | 0.23 | - |
| Sector ETF (XLI) | 13.2% | 20.0% | 0.57 | 53.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 46.4% |
| Gold (GLD) | 11.9% | 16.4% | 0.59 | 3.3% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 17.0% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 40.9% |
| Bitcoin (BTCUSD) | 63.0% | 66.2% | 1.03 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/16/2026 | 1.3% | 7.0% | 10.5% |
| 4/16/2026 | -22.1% | -31.6% | -26.9% |
| 1/15/2026 | -4.5% | 1.1% | 11.5% |
| 10/16/2025 | -19.2% | -17.1% | -14.0% |
| 7/17/2025 | -6.3% | -2.5% | -3.3% |
| 4/17/2025 | 13.8% | 24.1% | 39.7% |
| 1/16/2025 | 3.7% | 16.7% | 25.6% |
| 10/17/2024 | -4.9% | -3.6% | 2.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 16 |
| # Negative | 14 | 13 | 8 |
| Median Positive | 3.3% | 7.0% | 11.0% |
| Median Negative | -5.1% | -3.6% | -8.1% |
| Max Positive | 13.8% | 24.1% | 39.7% |
| Max Negative | -22.1% | -31.6% | -26.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/16/2026 | 1.3% | 7.0% | 10.5% |
| 4/16/2026 | -22.1% | -31.6% | -26.9% |
| 1/15/2026 | -4.5% | 1.1% | 11.5% |
| 10/16/2025 | -19.2% | -17.1% | -14.0% |
| 7/17/2025 | -6.3% | -2.5% | -3.3% |
| 4/17/2025 | 13.8% | 24.1% | 39.7% |
| 1/16/2025 | 3.7% | 16.7% | 25.6% |
| 10/17/2024 | -4.9% | -3.6% | 2.3% |
| 7/18/2024 | 2.9% | -0.2% | 0.9% |
| 4/25/2024 | -7.0% | -6.6% | -7.1% |
| 1/18/2024 | -5.3% | -7.2% | 0.1% |
| 10/19/2023 | -6.5% | -12.7% | 6.0% |
| 7/20/2023 | -1.2% | 0.4% | -2.8% |
| 4/21/2023 | -2.8% | -2.0% | 9.0% |
| 1/20/2023 | 3.6% | 9.6% | 10.6% |
| 10/21/2022 | -3.9% | 0.8% | 5.8% |
| 7/21/2022 | -15.6% | -23.0% | -20.7% |
| 4/22/2022 | -2.4% | -2.2% | -9.1% |
| 1/20/2022 | 0.9% | -3.5% | -1.2% |
| 10/21/2021 | -1.7% | 0.3% | 18.7% |
| 7/22/2021 | 1.8% | 11.9% | 19.1% |
| 4/22/2021 | 7.2% | 17.8% | 16.0% |
| 1/21/2021 | 3.7% | 1.0% | 16.6% |
| 10/22/2020 | 1.7% | -2.1% | 20.8% |
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 16 |
| # Negative | 14 | 13 | 8 |
| Median Positive | 3.3% | 7.0% | 11.0% |
| Median Negative | -5.1% | -3.6% | -8.1% |
| Max Positive | 13.8% | 24.1% | 39.7% |
| Max Negative | -22.1% | -31.6% | -26.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/16/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 01/15/2026 | 10-Q |
| 09/30/2025 | 10/23/2025 | 10-K |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/17/2025 | 10-Q |
| 12/31/2024 | 01/16/2025 | 10-Q |
| 09/30/2024 | 10/24/2024 | 10-K |
| 06/30/2024 | 07/18/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 01/18/2024 | 10-Q |
| 09/30/2023 | 10/26/2023 | 10-K |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/20/2023 | 10-Q |
| 12/31/2022 | 01/19/2023 | 10-Q |
| 09/30/2022 | 10/27/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/16/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 01/15/2026 | 10-Q |
| 09/30/2025 | 10/23/2025 | 10-K |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/17/2025 | 10-Q |
| 12/31/2024 | 01/16/2025 | 10-Q |
| 09/30/2024 | 10/24/2024 | 10-K |
| 06/30/2024 | 07/18/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 01/18/2024 | 10-Q |
| 09/30/2023 | 10/26/2023 | 10-K |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/20/2023 | 10-Q |
| 12/31/2022 | 01/19/2023 | 10-Q |
| 09/30/2022 | 10/27/2022 | 10-K |
| 06/30/2022 | 07/21/2022 | 10-Q |
| 03/31/2022 | 04/21/2022 | 10-Q |
| 12/31/2021 | 01/20/2022 | 10-Q |
| 09/30/2021 | 10/28/2021 | 10-K |
| 06/30/2021 | 07/22/2021 | 10-Q |
| 03/31/2021 | 04/22/2021 | 10-Q |
| 12/31/2020 | 01/21/2021 | 10-Q |
| 09/30/2020 | 10/29/2020 | 10-K |
| 06/30/2020 | 07/16/2020 | 10-Q |
| 03/31/2020 | 04/16/2020 | 10-Q |
| 12/31/2019 | 01/16/2020 | 10-Q |
| 09/30/2019 | 10/25/2019 | 10-K |
Recent Forward Guidance
Updated 10/22/2026Latest: Q4 2026 Earnings Reported 10/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Capital Expenditures | Reported | 30.00 Mil | 1 | Higher New | Guidance: 15.00 Mil for 2026 | |||
Prior: Q3 2026 Earnings Reported 7/16/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 15.00 Mil | -25.0% | Lowered | Guidance: 20.00 Mil for 2026 | |||
Q2 2026 Earnings Reported 4/16/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 20.00 Mil | 0 | Affirmed | Guidance: 20.00 Mil for 2026 | |||
Q1 2026 Earnings Reported 1/15/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 20.00 Mil | 0 | Affirmed | Guidance: 20.00 Mil for 2026 | |||
Insider Activity
Updated 8/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 8272026 | 30.31 | 1,640 | 49,704 | 1,212,284 | Form |
| 2 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 2272026 | 37.67 | 1,679 | 63,248 | 1,506,800 | Form |
| 3 | York, James R | Senior Vice President | Direct | Sell | 9052025 | 38.50 | 600 | 23,100 | 340,456 | Form |
| 4 | York, James R | Senior Vice President | Direct | Sell | 8282025 | 38.50 | 3,000 | 115,500 | 363,556 | Form |
| 5 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 8262025 | 38.42 | 4,366 | 167,742 | 1,562,157 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 8272026 | 30.31 | 1,640 | 49,704 | 1,212,284 | Form |
| 2 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 2272026 | 37.67 | 1,679 | 63,248 | 1,506,800 | Form |
| 3 | York, James R | Senior Vice President | Direct | Sell | 9052025 | 38.50 | 600 | 23,100 | 340,456 | Form |
| 4 | York, James R | Senior Vice President | Direct | Sell | 8282025 | 38.50 | 3,000 | 115,500 | 363,556 | Form |
| 5 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 8262025 | 38.42 | 4,366 | 167,742 | 1,562,157 | Form |
Investor Activity (13F)
Updated Oct 23, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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