NASDAQ:ASTE

Astec Industries (ASTE) Stock Price, News & Analysis

$43.10
+0.16 (+0.37%)
(As of 04/23/2024 ET)
Today's Range
$42.94
$43.78
50-Day Range
$34.82
$44.45
52-Week Range
$28.97
$56.33
Volume
81,181 shs
Average Volume
128,681 shs
Market Capitalization
$980.09 million
P/E Ratio
29.32
Dividend Yield
1.21%
Price Target
$46.00

Astec Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.7% Upside
$46.00 Price Target
Short Interest
Healthy
1.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.32mentions of Astec Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.64%
From $2.88 to $3.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.02 out of 5 stars

Industrial Products Sector

127th out of 166 stocks

Construction Machinery Industry

6th out of 6 stocks

ASTE stock logo

About Astec Industries Stock (NASDAQ:ASTE)

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services. This segment provides its products to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

ASTE Stock Price History

ASTE Stock News Headlines

The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Astec Industries Inc.
The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
CAT May 2024 420.000 call
CAT Jun 2024 420.000 call
Astec Industries CFO Rebecca Weyenberg Steps Down
Astec Announces Chief Financial Officer Transition
Q4 2023 Astec Industries Inc Earnings Call
Astec Industries Q4 Adj. EPS Tops Estimates, But Net Sales Miss
Astec Reports Fourth Quarter and Full Year 2023 Results
Astec Announces Quarterly Dividend
ASTE Mar 2024 30.000 put
ASTE Mar 2024 35.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 3/29 Dividend
3/08/2024
Dividend Payable
3/29/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Current Symbol
NASDAQ:ASTE
CUSIP
04622410
Employees
4,322
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$46.00
High Stock Price Target
$50.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$33.50 million
Pretax Margin
3.20%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$3.84 per share
Book Value
$28.75 per share

Miscellaneous

Free Float
22,584,000
Market Cap
$980.09 million
Optionable
Optionable
Beta
1.38

Social Links

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Key Executives

  • Mr. Jaco G. van der Merwe (Age 51)
    CEO, President & Director
    Comp: $1.99M
  • Ms. Rebecca A. Weyenberg (Age 59)
    Advisor
    Comp: $1.14M
  • Mr. Timothy A. Averkamp (Age 52)
    Group President of Materials Solutions Group
    Comp: $511.02k
  • Mr. Michael Norris (Age 55)
    Group President of Materials Solutions and Senior VP of International & Aftermarket Sales
    Comp: $746.4k
  • Barend Snyman
    Group President of Infrastructure
  • Mr. Heinrich Jonker
    Interim Chief Financial Officer
  • Ms. Jamie E. Palm (Age 45)
    VP, Chief Accounting Officer & Corporate Controller
  • Mr. Siddharth Verma (Age 44)
    CTO and President of Digital & Innovation
  • Mr. Stephen C. Anderson (Age 60)
    Senior VP of Administration, Investor Relations & Corporate Secretary
    Comp: $410.38k
  • Ms. Aletheia D. Silcott (Age 41)
    Global Vice President of Human Resources

ASTE Stock Analysis - Frequently Asked Questions

Should I buy or sell Astec Industries stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ASTE shares.
View ASTE analyst ratings
or view top-rated stocks.

What is Astec Industries' stock price target for 2024?

2 brokers have issued 12 month price targets for Astec Industries' stock. Their ASTE share price targets range from $42.00 to $50.00. On average, they anticipate the company's share price to reach $46.00 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for ASTE
or view top-rated stocks among Wall Street analysts.

How have ASTE shares performed in 2024?

Astec Industries' stock was trading at $37.20 on January 1st, 2024. Since then, ASTE stock has increased by 15.9% and is now trading at $43.10.
View the best growth stocks for 2024 here
.

Are investors shorting Astec Industries?

Astec Industries saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 383,600 shares, a decline of 26.4% from the March 15th total of 521,400 shares. Based on an average daily trading volume, of 129,500 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.7% of the shares of the company are short sold.
View Astec Industries' Short Interest
.

When is Astec Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ASTE earnings forecast
.

How can I listen to Astec Industries' earnings call?

Astec Industries will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "8741406".

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) issued its earnings results on Wednesday, February, 28th. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.28. The industrial products company earned $337.20 million during the quarter, compared to the consensus estimate of $332.33 million. Astec Industries had a trailing twelve-month return on equity of 9.46% and a net margin of 2.50%. Astec Industries's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS.

How often does Astec Industries pay dividends? What is the dividend yield for Astec Industries?

Astec Industries declared a quarterly dividend on Friday, February 23rd. Stockholders of record on Monday, March 11th will be paid a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 8th.
Read our dividend analysis for ASTE
.

Is Astec Industries a good dividend stock?

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 35.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASTE will have a dividend payout ratio of 16.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTE.

What ETFs hold Astec Industries' stock?

ETFs with the largest weight of Astec Industries (NASDAQ:ASTE) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).Small Cap US Equity Select ETF (RNSC).

What is J. Don Brock's approval rating as Astec Industries' CEO?

16 employees have rated Astec Industries Chief Executive Officer J. Don Brock on Glassdoor.com. J. Don Brock has an approval rating of 100% among the company's employees. This puts J. Don Brock in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 52.0% of employees surveyed would recommend working at Astec Industries to a friend.

What other stocks do shareholders of Astec Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Astec Industries investors own include AbbVie (ABBV), NVIDIA (NVDA), Advanced Micro Devices (AMD), Pfizer (PFE), Take-Two Interactive Software (TTWO), Exxon Mobil (XOM), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX) and Skyworks Solutions (SWKS).

Who are Astec Industries' major shareholders?

Astec Industries' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Northwest Investment Counselors LLC (0.01%) and GAMMA Investing LLC (0.01%).
View institutional ownership trends
.

How do I buy shares of Astec Industries?

Shares of ASTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ASTE) was last updated on 4/23/2024 by MarketBeat.com Staff

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