Astec Industries (NASDAQ:ASTE) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Astec Industries from Hold to Strong Sell, though analysts overall still have a Moderate Buy consensus and an average $52 price target.
• Astec reported a quarterly loss of $0.01 per share, missing the $0.47 consensus estimate, and revenue of $352.4 million fell short of forecasts of $375.5 million.
• Sidoti lowered its FY2026 and FY2027 earnings forecasts, while Freedom Broker cut its price target from $60 to $52 but maintained a Buy rating.

Astec Industries (NASDAQ:ASTE - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Monday, Zacks reports.

ASTE has been the subject of a number of other reports. Freedom Broker dropped their price target on shares of Astec Industries from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Astec Industries in a research note on Monday, November 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Astec Industries Trading Down 1.8%

ASTE stock opened at $36.95 on Monday. The company has a market cap of $851.33 million, a P/E ratio of 73.90, a PEG ratio of 1.02 and a beta of 1.37. Astec Industries has a twelve month low of $35.05 and a twelve month high of $65.69. The company has a quick ratio of 0.97, a current ratio of 2.31 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $40.13 and a 200-day moving average of $50.25.

Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). The firm had revenue of $352.40 million during the quarter, compared to analyst estimates of $375.47 million. Astec Industries had a return on equity of 8.60% and a net margin of 0.74%. During the same quarter in the previous year, the business earned ($0.18) earnings per share. As a group, equities research analysts expect that Astec Industries will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Heartland Advisors Inc. boosted its position in shares of Astec Industries by 5.9% during the third quarter. Heartland Advisors Inc. now owns 255,800 shares of the industrial products company's stock worth $10,293,000 after purchasing an additional 14,210 shares in the last quarter. Ieq Capital LLC raised its stake in Astec Industries by 144.5% during the 3rd quarter. Ieq Capital LLC now owns 32,256 shares of the industrial products company's stock worth $1,298,000 after buying an additional 19,064 shares during the period. Edgestream Partners L.P. acquired a new stake in Astec Industries during the 3rd quarter worth $7,891,000. Royce & Associates LP lifted its holdings in Astec Industries by 30.9% during the third quarter. Royce & Associates LP now owns 244,810 shares of the industrial products company's stock worth $9,851,000 after acquiring an additional 57,724 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Astec Industries by 52.8% during the third quarter. Maryland State Retirement & Pension System now owns 5,091 shares of the industrial products company's stock worth $205,000 after acquiring an additional 1,759 shares in the last quarter. Institutional investors own 93.16% of the company's stock.

Key Stories Impacting Astec Industries

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Sidoti forecasts EPS of $4.27 for FY2028, above its FY2027 estimate of $3.56, suggesting expected longer-term earnings growth. Astec Industries analyst estimates
• Neutral Sentiment: Freedom Broker cut its price target to $52 from $60 but maintained a Buy rating; the new target was reported as 40.7% above the referenced $36.95 share price. Freedom Broker ratings
• Neutral Sentiment: A report listed short interest at zero shares, so it showed no measurable short-position overhang; the article’s description of a “significant increase” conflicts with that figure.
• Negative Sentiment: Sidoti cut its FY2026 EPS forecast to $2.58 from $3.35 and its FY2027 estimate to $3.56 from $3.84. It also reduced estimates for Q4 2026 and several 2027 quarters, including Q2 2027 to $1.12 from $1.33. The broad downward revisions are the clearest near-term headwind for ASTE. Astec Industries analyst estimates

About Astec Industries

Astec Industries is a manufacturer of equipment and services for the infrastructure, road construction and aggregate industries. Its products support the production and handling of asphalt, concrete and crushed stone, as well as the construction and maintenance of roads. The company's offerings include asphalt production plants, roadbuilding equipment, crushers, screens, material washing systems and concrete batch plants. Astec also provides parts, service and other support for its equipment. Founded in 1972 and headquartered in Chattanooga, Tennessee, Astec serves customers in the United States and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.