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

$31.27
+0.23 (+0.74%)
(As of 11/29/2023 ET)
Compare
Today's Range
$31.00
$31.58
50-Day Range
$29.81
$48.03
52-Week Range
$28.97
$56.33
Volume
133,272 shs
Average Volume
105,685 shs
Market Capitalization
$711.08 million
P/E Ratio
40.09
Dividend Yield
1.66%
Price Target
$53.00

Astec Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
69.5% Upside
$53.00 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Astec Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.43%
From $2.38 to $2.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Industrial Products Sector

35th out of 179 stocks

Construction Machinery Industry

1st 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. Astec Industries, Inc. was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

ASTE Stock Price History

ASTE Stock News Headlines

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Astec Industries Inc ASTE
Astec Industries: A Firm I Overestimated
Astec Industries Q3 Earnings Summary
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Kratos Reports Third Quarter 2023 Financial Results
Q3 2023 Astec Industries Inc Earnings Call
Astec Reports Third Quarter 2023 Results
Astec declares $0.13 dividend
See More Headlines
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Company Calendar

Ex-Dividend for 8/31 Dividend
8/10/2023
Dividend Payable
8/31/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/1 Dividend
11/09/2023
Today
11/29/2023
Dividend Payable
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Current Symbol
NASDAQ:ASTE
CUSIP
04622410
Employees
4,291
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$53.00
High Stock Price Target
$56.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+69.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-100,000.00
Pretax Margin
2.09%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Cash Flow
$2.42 per share
Book Value
$27.92 per share

Miscellaneous

Free Float
22,543,000
Market Cap
$711.08 million
Optionable
Optionable
Beta
1.55

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Key Executives

  • Mr. Jaco G. van der Merwe (Age 50)
    CEO, President & Director
    Comp: $746.3k
  • Ms. Rebecca A. Weyenberg (Age 59)
    Chief Financial Officer
    Comp: $792.66k
  • Mr. Timothy A. Averkamp (Age 51)
    Group President of Materials Solutions Group
    Comp: $661.24k
  • Ms. Jamie E. Palm (Age 45)
    VP, Chief Accounting Officer & Corporate Controller
  • Mr. Siddharth Verma (Age 43)
    CTO and President of Digital & Innovation
  • Mr. Stephen C. Anderson (Age 59)
    Senior VP of Administration, Investor Relations & Corporate Secretary
    Comp: $410.38k
  • Ms. Aletheia D. Silcott (Age 40)
    Global Vice President of Human Resources
  • Mr. Michael Norris (Age 54)
    Senior Vice President of International & Aftermarket Sales
  • Mr. Ben Snyman (Age 50)
    Group President of Infrastructure
  • Barend Snyman
    Group President of Infrastructure














ASTE Stock Analysis - Frequently Asked Questions

Should I buy or sell Astec Industries stock right now?

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.
View ASTE analyst ratings
or view top-rated stocks.

What is Astec Industries' stock price target for 2024?

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.
View analysts price targets for ASTE
or view top-rated stocks among Wall Street analysts.

How have ASTE shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Astec Industries?

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
.

When is Astec Industries' next earnings date?

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

How were Astec Industries' earnings last quarter?

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.

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

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
.

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 1.63%. 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.

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).iShares U.S. Infrastructure ETF (IFRA).

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 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ASTE) was last updated on 11/29/2023 by MarketBeat.com Staff

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