Sidoti Research Analysts Cut Earnings Estimates for ASTE

Key Points

• Sidoti trimmed its Q3 2027 EPS estimate for Astec to $0.67 from $0.68, a modest downward revision announced March 24.
• Astec's most recent quarterly results beat expectations, with $1.06 EPS versus a $0.74 consensus and revenue of $400.6 million versus $374.2 million, and reported net margin of 2.75% and ROE of 11.35%.
• The company declared a quarterly dividend of $0.13 (annualized $0.52, yield 0.9%; ex-dividend March 9), while an insider recently sold shares and institutional investors now own about 93.16% of the stock.

Astec Industries, Inc. (NASDAQ:ASTE - Free Report) - Stock analysts at Sidoti decreased their Q3 2027 earnings estimates for Astec Industries in a research report issued to clients and investors on Tuesday, March 24th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.68.

Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.32. The company had revenue of $400.60 million for the quarter, compared to analysts' expectations of $374.21 million. Astec Industries had a net margin of 2.75% and a return on equity of 11.35%.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Astec Industries in a research note on Monday, December 29th. Longbow Research raised Astec Industries to a "strong-buy" rating in a research note on Monday, March 16th. Zacks Research upgraded Astec Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Finally, Wall Street Zen raised shares of Astec Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Astec Industries presently has an average rating of "Buy".

Astec Industries Stock Up 2.0%

Shares of NASDAQ:ASTE opened at $54.87 on Thursday. The firm has a market cap of $1.26 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.03 and a beta of 1.38. Astec Industries has a 12-month low of $29.65 and a 12-month high of $64.37. The business has a fifty day simple moving average of $54.87 and a 200 day simple moving average of $49.14. The company has a quick ratio of 1.07, a current ratio of 2.49 and a debt-to-equity ratio of 0.47.

Astec Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 9th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th. Astec Industries's payout ratio is presently 30.95%.

Insider Buying and Selling

In related news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total transaction of $59,543.25. Following the transaction, the insider directly owned 8,828 shares of the company's stock, valued at approximately $539,125.96. This represents a 9.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Astec Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Astec Industries by 15.6% during the first quarter. Royal Bank of Canada now owns 65,654 shares of the industrial products company's stock worth $2,262,000 after purchasing an additional 8,847 shares during the period. AQR Capital Management LLC acquired a new stake in Astec Industries in the 1st quarter valued at $1,526,000. Millennium Management LLC increased its stake in Astec Industries by 188.2% during the 1st quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company's stock valued at $5,111,000 after purchasing an additional 96,883 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Astec Industries by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,577 shares of the industrial products company's stock worth $2,259,000 after buying an additional 1,358 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Astec Industries by 2.9% during the first quarter. Jane Street Group LLC now owns 46,566 shares of the industrial products company's stock worth $1,604,000 after buying an additional 1,305 shares during the last quarter. Institutional investors own 93.16% of the company's stock.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec's product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.

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