Sidoti Equities Analysts Reduce Earnings Estimates for ASTE

Key Points

• Sidoti lowered Astec Industries’ Q3 2026 EPS estimate to $0.50 from $0.51, while projecting $3.35 EPS for full-year 2026. The stock maintains an average analyst rating of “Buy,” according to MarketBeat.
• Astec’s shares opened at $39.56, near the lower end of their 12-month range of $38.06 to $65.69. In its latest reported quarter, the company earned $0.94 per share—below the $1.04 consensus estimate—on revenue of $408.1 million.
• The company pays a quarterly dividend of $0.13 per share, equivalent to an annualized $0.52 and a 1.3% yield. Institutional investors own approximately 93.16% of Astec’s outstanding shares.

Astec Industries, Inc. (NASDAQ:ASTE - Free Report) - Stock analysts at Sidoti reduced their Q3 2026 earnings per share (EPS) estimates for Astec Industries in a report issued on Wednesday, October 21st. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.51. The consensus estimate for Astec Industries' current full-year earnings is $3.36 per share. Sidoti also issued estimates for Astec Industries' FY2026 earnings at $3.35 EPS and Q3 2027 earnings at $0.55 EPS.

A number of other analysts have also recently weighed in on the stock. Zacks Research upgraded shares of Astec Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Wall Street Zen lowered shares of Astec Industries from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Astec Industries in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Astec Industries Stock Up 0.8%

Shares of Astec Industries stock opened at $39.56 on Thursday. Astec Industries has a 12-month low of $38.06 and a 12-month high of $65.69. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $41.45 and a two-hundred day moving average price of $49.75. The stock has a market capitalization of $910.87 million, a P/E ratio of 46.54, a PEG ratio of 1.06 and a beta of 1.33.

Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.10). Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. The company had revenue of $408.10 million for the quarter, compared to analyst estimates of $405.50 million. During the same period in the prior year, the company posted $0.72 EPS.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 10th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, August 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. Astec Industries's payout ratio is 61.18%.

Institutional Investors Weigh In On Astec Industries

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Astec Industries during the second quarter worth $212,732,000. Dimensional Fund Advisors LP boosted its holdings in Astec Industries by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,433,501 shares of the industrial products company's stock valued at $77,176,000 after purchasing an additional 22,154 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Astec Industries by 105.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 301,598 shares of the industrial products company's stock valued at $12,136,000 after purchasing an additional 154,802 shares during the period. Heartland Advisors Inc. acquired a new stake in Astec Industries in the 2nd quarter worth $14,783,000. Finally, Bank of New York Mellon Corp acquired a new stake in Astec Industries in the 2nd quarter worth $13,538,000. 93.16% of the stock is owned by institutional investors.

About Astec Industries

Astec Industries, Inc NASDAQ: ASTE designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.

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