Insteel Industries Is Getting Close To An Upgrade

2026-03-05 13:42:04 ET

Back in September of last year, I decided to dig back into Insteel Industries ( IIIN ), an interesting player in the building materials space. For those not familiar with the business, it produces prestressed concrete strand as well as welded wire reinforcements such as ESM. These are used heavily in the construction sector. And considering how large that is in the US, this is essentially a play on the American economy long term. As interesting as the company is, however, I have not been able to pull the trigger on an upgrade for the stock. For quite a while now, I have had it rated a "Hold." And at the time that article was published, I felt that upgrading it was premature....

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