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Insteel downgraded to Neutral from Buy at Sidoti » 09:01
06/10/20
06/10
09:01
06/10/20
09:01
IIIN

Insteel

$20.76 /

-0.36 (-1.70%)

Sidoti analyst Julio…

Sidoti analyst Julio Romero downgraded Insteel to Neutral from Buy with the shares up 107% since hitting a 52-week low on March 16. He thinks the current valuation "more than reflects our growth projections" and maintains a $19 price target on the shares.

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IIIN Insteel
$20.76 /

-0.36 (-1.70%)

IIIN Insteel
$20.76 /

-0.36 (-1.70%)

03/17/20 Sidoti
Insteel upgraded to Buy from Neutral at Sidoti
01/22/20 Sidoti
Insteel downgraded to Neutral from Buy at Sidoti
01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
Hot Stocks
Insteel appoints Mark Carano as CFO » 09:03
05/04/20
05/04
09:03
05/04/20
09:03
IIIN

Insteel

$17.35 /

-0.27 (-1.53%)

Insteel appointed Mark…

Insteel appointed Mark Carano as VP, CFO and Treasurer effective May 18. Carano will be succeeding Michael Gazmarian, who will be continuing with the company through July 31 to assist with the leadership transition. Carano joins Insteel from Big River Steel, where he served as CFO. Prior to Big River, he served in senior management roles with Babcock & Wilcox Enterprises.

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IIIN Insteel
$17.35 /

-0.27 (-1.53%)

03/17/20 Sidoti
Insteel upgraded to Buy from Neutral at Sidoti
01/22/20 Sidoti
Insteel downgraded to Neutral from Buy at Sidoti
01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
Over a quarter ago
Upgrade
Insteel upgraded to Buy from Neutral at Sidoti » 08:51
03/17/20
03/17
08:51
03/17/20
08:51
IIIN

Insteel

$11.13 /

-2.63 (-19.11%)

Sidoti analyst Julio…

Sidoti analyst Julio Romero upgraded Insteel to Buy from Neutral with a $17 price target.

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IIIN Insteel
$11.13 /

-2.63 (-19.11%)

01/22/20 Sidoti
Insteel downgraded to Neutral from Buy at Sidoti
01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
Hot Stocks
Insteel acquires assets of Strand-Tech Manufacturing for $22.5M » 06:40
03/17/20
03/17
06:40
03/17/20
06:40
IIIN

Insteel

$11.13 /

-2.63 (-19.11%)

Insteel Industries…

Insteel Industries announced that its wholly-owned subsidiary, Insteel Wire Products, has acquired substantially all of the assets of Strand-Tech Manufacturing, or STM, for $22.5 million, subject to certain post-closing adjustments. STM is a leading manufacturer of prestressed concrete strand for concrete construction applications. For the twelve months ended February 2, STM's sales were $29 million. Under the terms of the purchase agreement, Insteel acquired, among other assets, STM's accounts receivable, inventories, production equipment and facility located in Summerville, South Carolina. The purchase price is subject to an adjustment to be determined based on STM's closing working capital balance. The transaction was funded from cash on hand. Insteel plans to close the Summerville facility and move most of its equipment to the Company's other three PC strand production facilities located in Gallatin, Tennessee; Houston, Texas; and Sanderson, Florida. Insteel expects to recover approximately $8 million of its initial investment in STM through the sale of the facility and the avoidance of future capital outlays resulting from the redeployment of the equipment. The consolidation of facilities is expected to result in the elimination of up to 42 positions at the Summerville facility. Summerville employees will be offered employment at Insteel's other facilities, together with relocation and transition assistance. It is anticipated that operations at the Summerville facility will cease by the end of the third quarter of fiscal 2020. Insteel expects to record a restructuring charge of approximately $1.8 million in connection with the closure of the facility.

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IIIN Insteel
$11.13 /

-2.63 (-19.11%)

01/22/20 Sidoti
Insteel downgraded to Neutral from Buy at Sidoti
01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
Hot Stocks
Insteel trading resumes  10:20
03/16/20
03/16
10:20
03/16/20
10:20
IIIN

Insteel

$13.76 /

+ (+0.00%)

 
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IIIN Insteel
$13.76 /

+ (+0.00%)

01/22/20 Sidoti
Insteel downgraded to Neutral from Buy at Sidoti
01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
Hot Stocks
Insteel trading halted, volatility trading pause  10:10
03/16/20
03/16
10:10
03/16/20
10:10
IIIN

Insteel

$13.76 /

+ (+0.00%)

 
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IIIN Insteel
$13.76 /

+ (+0.00%)

01/22/20 Sidoti
Insteel downgraded to Neutral from Buy at Sidoti
01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
Downgrade
Insteel downgraded to Neutral from Buy at Sidoti » 09:10
01/22/20
01/22
09:10
01/22/20
09:10
IIIN

Insteel

$25.91 /

-0.09 (-0.35%)

Sidoti analyst Julio…

Sidoti analyst Julio Romero downgraded Insteel to Neutral from Buy with a $28 price target.

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IIIN Insteel
$25.91 /

-0.09 (-0.35%)

01/17/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/24/19 Sidoti
Insteel upgraded to Buy from Neutral at Sidoti
Downgrade
Insteel downgraded to Perform from Outperform at Kansas City Capital » 05:40
01/17/20
01/17
05:40
01/17/20
05:40
IIIN

Insteel

$24.31 /

+2.6 (+11.98%)

Kansas City Capital…

Kansas City Capital analyst Tyson Bauer downgraded Insteel to Perform from Outperform. Despite an improvement in end-market activity and wire rod prices bouncing off a two-year low, the expectation for "persistent" import pressure without regulatory relief prolongs Insteel's "plight to capture the full benefits of the current expansion cycle," Bauer tells investors in a research note. The analyst expects no tariff or import relief in 2020 for the company.

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IIIN Insteel
$24.31 /

+2.6 (+11.98%)

01/16/20 Kansas City Capital
Insteel downgraded to Perform from Outperform at Kansas City Capital
01/24/19 Sidoti
Insteel upgraded to Buy from Neutral at Sidoti
Downgrade
Insteel downgraded to Perform from Outperform at Kansas City Capital » 16:24
01/16/20
01/16
16:24
01/16/20
16:24
IIIN

Insteel

$24.32 /

+2.61 (+12.02%)

Kansas City Capital…

Kansas City Capital analyst Tyson Bauer downgraded Insteel Industries to Perform from Outperform.

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IIIN Insteel
$24.32 /

+2.61 (+12.02%)

01/24/19 Sidoti
Insteel upgraded to Buy from Neutral at Sidoti
Hot Stocks
Insteel CFO, Treasurer Michael Gazmarian to depart company » 16:32
12/19/19
12/19
16:32
12/19/19
16:32
IIIN

Insteel

$24.07 /

+0.23 (+0.96%)

Insteel Industries…

Insteel Industries announced that Michael C. Gazmarian, Insteel's Vice President, CFO and Treasurer, will be leaving the company to pursue other opportunities. The company will immediately initiate a comprehensive search for his successor. Mr. Gazmarian will participate in this process and will continue in his current capacity during the leadership transition.

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IIIN Insteel
$24.07 /

+0.23 (+0.96%)

01/24/19 Sidoti
Insteel upgraded to Buy from Neutral at Sidoti

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