Astec Industries Stock Price, News & Analysis (NASDAQ:ASTE)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.
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2 analysts have issued 12 month target prices for Astec Industries' shares. Their ASTE share price targets range from $50.00 to $56.00. On average, they predict the company's share price to reach $53.00 in the next year. This suggests a possible upside of 69.5% from the stock's current price.
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Astec Industries' stock was trading at $40.66 at the beginning of 2023. Since then, ASTE stock has decreased by 23.1% and is now trading at $31.27.
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Astec Industries saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 320,100 shares, an increase of 95.4% from the October 31st total of 163,800 shares. Based on an average daily volume of 134,200 shares, the short-interest ratio is presently 2.4 days. Approximately 1.4% of the shares of the stock are sold short.
View Astec Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our ASTE earnings forecast.

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings results on Wednesday, November, 1st. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by $0.65. The industrial products company had revenue of $303.10 million for the quarter, compared to analyst estimates of $332.77 million. Astec Industries had a net margin of 1.30% and a trailing twelve-month return on equity of 7.54%. Astec Industries's revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS.

Astec Industries announced a quarterly dividend on Monday, October 30th. Investors of record on Friday, November 10th will be paid a dividend of $0.13 per share on Friday, December 1st. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for ASTE.

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.63%. 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 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASTE will have a dividend payout ratio of 17.99% next year. This indicates that the company will be able to sustain or increase its dividend.
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).iShares U.S. Infrastructure ETF (IFRA).

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' stock is owned by a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (8.55%), Gamco Investors INC. ET AL (4.59%), Gabelli Funds LLC (2.40%), FMR LLC (2.08%), Bank of New York Mellon Corp (2.04%) and Mirae Asset Global Investments Co. Ltd. (1.68%). Insiders that own company stock include Matthew T Sr Litchfield Sr 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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