Insteel Industries Inc (IIIN): Gary L Pechota , director of Insteel Industries Inc sold 3,000 shares on Apr 25, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $28.58 per share for a total value of $85,731.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, H O Iii Woltz (Chairman, President and CEO) sold 73,796 shares at $26.16 per share price.On Mar 7, 2016, Gary L Pechota (director) sold 5,000 shares at $26.28 per share price.Also, On Mar 7, 2016, Charles B Newsome (director) sold 3,000 shares at $26.53 per share price.On Mar 2, 2016, Michael C Gazmarian (Vice President and CFO) sold 26,734 shares at $26.18 per share price.
Insteel Industries Inc: On Friday, Apr 22, 2016 heightened volatility was witnessed in Insteel Industries Inc which led to swings in the share price. The shares opened for trading at $28.69 and hit $30.2 on the upside , eventually ending the session at $30.09, with a gain of 4.92% or 1.41 points. The heightened volatility saw the trading volume jump to 2,71,518 shares. The 52-week high of the share price is $32.11 and the company has a market cap of $565 M . The 52-week low of the share price is at $14.61.
Company has been under the radar of several Street Analysts.Insteel Industries Inc is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 1, 2016.
Insteel Industries Inc. (Insteel) is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company manufactures and markets PC strand and welded wire reinforcement (WWR) including Engineered Structural Mesh (ESM) concrete pipe reinforcement (CPR) and standard welded wire reinforcement (SWWR). The Companys products are sold to manufacturers of concrete products that are used in nonresidential construction. Insteel has two wholly owned subsidiaries Insteel Wire Products Company (IWP) an operating subsidiary and Intercontinental Metals Corporation an inactive subsidiary. The Companys concrete reinforcing products consist of PC strand and WWR. PC strand provides reinforcement for bridges parking decks buildings and other concrete structures. Welded Wire Reinforcement produces engineered reinforcing product for use in nonresidential and residential construction.