NASDAQ:ASTE Astec Industries (ASTE) Stock Forecast, Price & News $43.45 -0.09 (-0.21%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$42.80▼$43.5250-Day Range$36.86▼$44.1752-Week Range$31.04▼$49.56Volume83,292 shsAverage Volume101,324 shsMarket Capitalization$987.18 millionP/E Ratio124.15Dividend Yield1.20%Price Target$49.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Astec Industries MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside12.8% Upside$49.00 Price TargetShort InterestHealthy1.04% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.74Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth7.41%From $2.70 to $2.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.96 out of 5 starsIndustrial Products Sector102nd out of 180 stocksConstruction Machinery Industry4th out of 7 stocks 2.0 Analyst's Opinion Consensus RatingAstec Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.00, Astec Industries has a forecasted upside of 12.8% from its current price of $43.45.Amount of Analyst CoverageAstec Industries has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.04% of the float of Astec Industries has been sold short.Short Interest Ratio / Days to CoverAstec Industries has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Astec Industries has recently increased by 9.78%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldAstec Industries pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAstec Industries has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Astec Industries is 148.58%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Astec Industries will have a dividend payout ratio of 17.93% next year. This indicates that Astec Industries will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASTE. Previous Next 1.5 News and Social Media Coverage News SentimentAstec Industries has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Astec Industries this week, compared to 4 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Astec Industries insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.86% of the stock of Astec Industries is held by insiders.Percentage Held by Institutions93.01% of the stock of Astec Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Astec Industries are expected to grow by 7.41% in the coming year, from $2.70 to $2.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Astec Industries is 124.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.36.Price to Earnings Ratio vs. SectorThe P/E ratio of Astec Industries is 124.15, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.01.Price to Book Value per Share RatioAstec Industries has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Astec Industries (NASDAQ:ASTE) StockAstec Industries, Inc. engages in the design, engineer, manufacture, and market of equipment and components used in road building and construction activities. It operates through the following segments: Infrastructure Solutions, Material Solutions, and Corporate and Other. The Infrastructure Solutions segment designs, engineers, manufactures, and markets a complete line of asphalt plants, concrete plants, and ancillary equipment, as well as supplying asphalt road construction equipment, industrial thermal systems, and heavy equipment. The Material Solutions segment designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports, and bulk handling industries. The Corporate and Other segment is involved in the controls and automation business, through the firm's parent company, Astec Insurance. The company was founded by J. Don Brock in 1972 and is headquartered in Chattanooga, TN.Read More Receive ASTE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Astec Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address ASTE Stock News HeadlinesJune 8, 2023 | finance.yahoo.comThe past five-year earnings decline for Astec Industries (NASDAQ:ASTE) likely explains shareholders long-term lossesMay 26, 2023 | finance.yahoo.com5 Manufacturing Stocks to Buy Defying Industry ContractionJune 9, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 24, 2023 | finance.yahoo.comAstec Industries, Inc.'s (NASDAQ:ASTE) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?May 19, 2023 | americanbankingnews.comAstec Industries (NASDAQ:ASTE) Receives New Coverage from Analysts at StockNews.comMay 17, 2023 | marketwatch.com2023 to 2030, Industrial Machinery Market: Regional Analysis, Key Players, Shares, Growth and RevenueMay 17, 2023 | marketwatch.comThe Stone Mining & Quarrying Market Overview: Examining Market Size and Value with predicted CAGR of 5.3% during 2023-2030May 16, 2023 | marketwatch.comCone Crushers Market 2023-2029 New Research Report by Industryreport.coJune 9, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 14, 2023 | marketwatch.comVibrating Screen Market upto 2030May 12, 2023 | marketwatch.comMobile Crushers and Screeners Market Research and Size Analysis 2023-2030May 11, 2023 | marketwatch.comGlobal Horizontal Shaft Impact (HSI) Crushers Market Size 2023-2031 Market Dynamics by Absolute Reports | with [112 Pages]May 11, 2023 | marketwatch.comGlobal Vibrating Screening Machine Market Analysis: Insights, Production Processes, Market Strategies, and Future OutlookMay 11, 2023 | marketwatch.comThe Mechanical Drive for Mining market study focuses on the most profitable areas of the industry and country levels, with a CAGR of 5.8% by 2030May 9, 2023 | marketwatch.comVibrating Screen Market Latest Research Unveils Opportunities for Business Expansion to Reach High Globally by 2030May 9, 2023 | finance.yahoo.comAstec (ASTE) Q1 Earnings Top Estimates, Revenues Rise Y/YMay 9, 2023 | americanbankingnews.comAstec Industries, Inc. (ASTE) To Go Ex-Dividend on May 11thMay 9, 2023 | americanbankingnews.comAstec Industries, Inc. (NASDAQ:ASTE) Forecasted to Earn FY2023 Earnings of $2.75 Per ShareMay 7, 2023 | americanbankingnews.comAstec Industries (NASDAQ:ASTE) Lifted to "Buy" at StockNews.comMay 7, 2023 | americanbankingnews.comAstec Industries (NASDAQ:ASTE) PT Lowered to $56.00 at Stifel NicolausMay 7, 2023 | americanbankingnews.comAstec Industries, Inc. (NASDAQ:ASTE) Forecasted to Post Q2 2023 Earnings of $0.59 Per ShareMay 5, 2023 | marketwatch.comJaw Crusher Market: Opportunities for Industry Expansion in 2030May 5, 2023 | finance.yahoo.comQ1 2023 SPX Technologies Inc Earnings CallMay 5, 2023 | americanbankingnews.comAstec Industries (NASDAQ:ASTE) Shares Gap Up on Better-Than-Expected EarningsMay 3, 2023 | msn.comBlair company holds hiring event in Omaha to draw in potential employeesMay 3, 2023 | markets.businessinsider.comAstec Industries Q1 Profit Rises; Net Sales Up 19.5%May 3, 2023 | benzinga.comAstec Industries: Q1 Earnings InsightsSee More Headlines ASTE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTE Company Calendar Ex-Dividend for 3/30 Dividend3/09/2023Dividend Payable3/30/2023Last Earnings5/03/2023Ex-Dividend for 5/30 Dividend5/11/2023Dividend Payable5/30/2023Today6/09/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Construction machinery Sub-IndustryConstruction & Farm Machinery & Heavy Trucks SectorIndustrial Products Current SymbolNASDAQ:ASTE CUSIP04622410 CIK792987 Webwww.astecindustries.com Phone(423) 899-5898Fax423-899-4456Employees4,291Year Founded1972Price Target and Rating Average Stock Price Forecast$49.00 High Stock Price Forecast$56.00 Low Stock Price Forecast$42.00 Forecasted Upside/Downside+12.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.35 Trailing P/E Ratio124.15 Forward P/E Ratio16.09 P/E GrowthN/ANet Income$-100,000.00 Net Margins0.59% Pretax Margin1.19% Return on Equity6.17% Return on Assets3.99% Debt Debt-to-Equity Ratio0.10 Current Ratio2.50 Quick Ratio0.96 Sales & Book Value Annual Sales$1.27 billion Price / Sales0.77 Cash Flow$2.42 per share Price / Cash Flow17.95 Book Value$27.60 per share Price / Book1.57Miscellaneous Outstanding Shares22,720,000Free Float22,521,000Market Cap$987.18 million OptionableOptionable Beta1.50 Social Links Key ExecutivesJaco G. van der MerwePresident, Chief Executive Officer & DirectorTimothy A. AverkampGroup PresidentRebecca A. WeyenbergChief Financial OfficerSid VermaPresident-Digital & Innovation, CTOJamie E. PalmChief Accounting Officer, VP & ControllerKey CompetitorsManitowocNYSE:MTWColumbus McKinnonNASDAQ:CMCOCIRCOR InternationalNYSE:CIRAZZNYSE:AZZGlobal IndustrialNYSE:GICView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Bought 161,902 shares on 5/22/2023Ownership: 1.602%Putnam Investments LLCBought 8,941 shares on 5/22/2023Ownership: 0.039%JPMorgan Chase & Co.Bought 9,378 shares on 5/18/2023Ownership: 0.196%New York State Common Retirement FundSold 4,604 shares on 5/18/2023Ownership: 0.052%Thrivent Financial for LutheransSold 789 shares on 5/17/2023Ownership: 0.099%View All Institutional Transactions ASTE Stock - Frequently Asked Questions Should I buy or sell Astec Industries stock right now? 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. What is Astec Industries' stock price forecast for 2023? 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. How have ASTE shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Astec Industries' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023. View our ASTE earnings forecast. How were Astec Industries' earnings last quarter? 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. How often does Astec Industries pay dividends? What is the dividend yield for Astec Industries? 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. 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), 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). 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 1.18%. 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. 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). What is Astec Industries' stock symbol? Astec Industries trades on the NASDAQ under the ticker symbol "ASTE." Who are Astec Industries' major shareholders? 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. 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. What is Astec Industries' stock price today? One share of ASTE stock can currently be purchased for approximately $43.45. How much money does Astec Industries make? 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. How many employees does Astec Industries have? The company employs 4,291 workers across the globe. How can I contact Astec Industries? 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. This page (NASDAQ:ASTE) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Astec Industries, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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