Today, a Director at Insteel Industries (IIIN), Joseph Rutkowski, bought shares of IIIN for $55.32K.
This recent transaction increases Joseph Rutkowski’s holding in the company by 40.33% to a total of $193.3K. This is Rutkowski’s first transaction since reporting a Buy transaction on CLF back in May 2017
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Based on Insteel Industries’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $112 million and quarterly net profit of $1.05 million. In comparison, last year the company earned revenue of $107 million and had a net profit of $5.88 million. IIIN’s market cap is $356.5M and the company has a P/E ratio of 13.01. Currently, Insteel Industries has an average volume of 35.31K.
The insider sentiment on Insteel Industries has been positive according to 41 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Joseph Rutkowski’s trades have generated a -15.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Insteel Industries, Inc. manufactures and markets steel wire reinforcing products for concrete construction applications. Its products include PC strand and welded wire reinforcement (WWR).
