Astec Industries (ASTE) Stock Forecast, Price & News

1 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ASTE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASTE, but not buy additional shares or sell existing shares.
View ASTE analyst ratings or view top-rated stocks.

1 brokers have issued twelve-month target prices for Astec Industries' shares. Their ASTE share price forecasts range from $42.00 to $56.00. On average, they predict the company's share price to reach $49.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for ASTE or view top-rated stocks among Wall Street analysts.

Astec Industries' stock was trading at $40.66 at the beginning of 2023. Since then, ASTE shares have increased by 6.9% and is now trading at $43.45.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our ASTE earnings forecast.

Astec Industries, Inc. (NASDAQ:ASTE) released its earnings results on Wednesday, May, 3rd. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.31. The industrial products company had revenue of $347.90 million for the quarter, compared to analysts' expectations of $341.36 million. Astec Industries had a trailing twelve-month return on equity of 6.17% and a net margin of 0.59%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS.

Astec Industries announced a quarterly dividend on Wednesday, April 26th. Investors of record on Friday, May 12th will be given a dividend of $0.13 per share on Tuesday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 11th.
Read our dividend analysis for ASTE.

ETFs with the largest weight of Astec Industries (NASDAQ:ASTE) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco S&P SmallCap Industrials ETF (PSCI), iShares U.S. Infrastructure ETF (IFRA), Global X U.S. Infrastructure Development ETF (PAVE), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and IQ Chaikin U.S. Small Cap ETF (CSML).

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.18%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 148.58%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASTE will have a dividend payout ratio of 17.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTE.

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.

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).

Astec Industries trades on the NASDAQ under the ticker symbol "ASTE."

Astec Industries' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.53%), Victory Capital Management Inc. (8.03%), Dimensional Fund Advisors LP (6.44%), Gamco Investors INC. ET AL (4.63%), State Street Corp (3.74%) and Gabelli Funds LLC (2.43%). Insiders that own company stock include Matthew T Sr Litchfield Sr, Rebecca A Weyenberg and William Glenwood Dorey.
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Shares of ASTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASTE stock can currently be purchased for approximately $43.45.

Astec Industries (NASDAQ:ASTE) has a market capitalization of $987.18 million and generates $1.27 billion in revenue each year. The industrial products company earns $-100,000.00 in net income (profit) each year or $0.35 on an earnings per share basis.

The company employs 4,291 workers across the globe.

Astec Industries' mailing address is 1725 SHEPHERD ROAD, CHATTANOOGA TN, 37421. The official website for the company is www.astecindustries.com. The industrial products company can be reached via phone at (423) 899-5898, via email at sanderson@astecindustries.com, or via fax at 423-899-4456.