NASDAQ:ASTE - Astec Industries Stock Price, News, & Analysis

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$48.31 +1.77 (+3.80 %)
(As of 08/21/2018 04:00 PM ET)
Previous Close$46.54
Today's Range$46.63 - $48.59
52-Week Range$44.92 - $64.80
Volume214,500 shs
Average Volume152,614 shs
Market Capitalization$1.08 billion
P/E Ratio30.61
Dividend Yield0.94%
Beta1.04
Astec Industries logoAstec Industries, Inc. designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments. The Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment. It serves asphalt producers, highway and heavy equipment contractors, wood pellet processors, and governmental agencies. The Aggregate and Mining Group segment offers jaw and cone crushers, horizontal and vertical shaft impactors, material handling products, roll rock crushers, stationary rockbreaker systems, vibrating feeders and screens, conveyors, inclined products, vertical and horizontal screens, and sand classifying and washing equipment. This segment serves distributors, open mine operators, quarry operators, port and inland terminal operators, highway and heavy equipment contractors, and governmental agencies. The Energy Group segment offers drilling rigs; diesel pump trailers for fracking and cleaning oil and gas wells; concrete plants; commercial and industrial burners; combustion control systems; heating equipment; roofing material and rubber plants; chemical, oil sands, and energy related processing products; heat transfer processing equipment; and thermal fluid storage tanks, waste heat recovery equipment, blower trucks, whole-tree pulpwood and biomass chippers, and horizontal grinders. It serves oil, gas, and water well drilling industry contractors; processors of oil, gas, and biomass for energy production; ready mix concrete producers; and contractors in the construction and demolition recycling markets. The company was founded in 1972 and is based in Chattanooga, Tennessee.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Construction machinery
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorIndustrial Products
SymbolNASDAQ:ASTE
CUSIP04622410
Phone423-899-5898

Debt

Debt-to-Equity RatioN/A
Current Ratio2.65
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio30.61
Forward P/E Ratio14.64
P/E Growth1.42

Sales & Book Value

Annual Sales$1.18 billion
Price / Sales0.94
Cash Flow$2.8006 per share
Price / Cash17.25
Book Value$29.77 per share
Price / Book1.62

Profitability

EPS (Most Recent Fiscal Year)$1.58
Net Income$37.79 million
Net Margins-1.05%
Return on Equity7.55%
Return on Assets5.70%

Miscellaneous

Employees4,437
Outstanding Shares23,090,000
Market Cap$1.08 billion

Astec Industries (NASDAQ:ASTE) Frequently Asked Questions

What is Astec Industries' stock symbol?

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

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

Astec Industries announced a quarterly dividend on Monday, July 30th. Shareholders of record on Monday, August 13th will be paid a dividend of $0.11 per share on Thursday, August 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, August 10th. This is an increase from Astec Industries's previous quarterly dividend of $0.10. View Astec Industries' Dividend History.

How will Astec Industries' stock buyback program work?

Astec Industries declared that its Board of Directors has authorized a stock repurchase program on Monday, July 30th 2018, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings results on Tuesday, July, 24th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.12. The industrial products company earned $347 million during the quarter, compared to analyst estimates of $332.65 million. Astec Industries had a negative net margin of 1.05% and a positive return on equity of 7.55%. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. View Astec Industries' Earnings History.

When is Astec Industries' next earnings date?

Astec Industries is scheduled to release their next quarterly earnings announcement on Tuesday, October, 23rd 2018. View Earnings Estimates for Astec Industries.

What price target have analysts set for ASTE?

5 brokerages have issued 12-month price objectives for Astec Industries' stock. Their forecasts range from $53.00 to $70.00. On average, they expect Astec Industries' share price to reach $62.00 in the next year. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for Astec Industries.

What is the consensus analysts' recommendation for Astec Industries?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Astec Industries.

Who are some of Astec Industries' key competitors?

Who are Astec Industries' key executives?

Astec Industries' management team includes the folowing people:
  • Mr. Benjamin G. Brock, CEO, Pres & Director (Age 47)
  • Mr. David C. Silvious, CFO, VP & Treasurer (Age 50)
  • Mr. Richard J. Dorris, COO & Exec. VP (Age 57)
  • Mr. Richard A. Patek, Group Pres of Aggregate & Mining - International (Age 61)
  • Mr. Stephen C. Anderson, VP of Admin., Director of IR, Compliance Officer & Corp. Sec. (Age 54)

Has Astec Industries been receiving favorable news coverage?

News headlines about ASTE stock have been trending somewhat positive on Tuesday, according to Accern. The research group ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Astec Industries earned a media and rumor sentiment score of 0.20 on Accern's scale. They also assigned media stories about the industrial products company an impact score of 46.08 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Astec Industries.

Who are Astec Industries' major shareholders?

Astec Industries' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.07%), Dimensional Fund Advisors LP (7.48%), State of New Jersey Common Pension Fund D (6.34%), Gamco Investors INC. ET AL (5.20%), Bank of New York Mellon Corp (2.67%) and Gabelli Funds LLC (2.63%). Company insiders that own Astec Industries stock include Benjamin G Brock, John J Irvine III, Michael A Bremmer, Tommie Kruger and W Norman Smith. View Institutional Ownership Trends for Astec Industries.

Which major investors are selling Astec Industries stock?

ASTE stock was sold by a variety of institutional investors in the last quarter, including Segall Bryant & Hamill LLC, State of New Jersey Common Pension Fund D, Gamco Investors INC. ET AL, First Trust Advisors LP, MetLife Investment Advisors LLC, Dean Capital Management, Bank of New York Mellon Corp and Advisors Asset Management Inc.. View Insider Buying and Selling for Astec Industries.

Which major investors are buying Astec Industries stock?

ASTE stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., SG Capital Management LLC, Intrinsic Edge Capital Management LLC, Dimensional Fund Advisors LP, Royce & Associates LP, Penn Capital Management Co. Inc., Federated Investors Inc. PA and Cortina Asset Management LLC. View Insider Buying and Selling for Astec Industries.

How do I buy shares of Astec Industries?

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

What is Astec Industries' stock price today?

One share of ASTE stock can currently be purchased for approximately $48.31.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $1.08 billion and generates $1.18 billion in revenue each year. The industrial products company earns $37.79 million in net income (profit) each year or $1.58 on an earnings per share basis. Astec Industries employs 4,437 workers across the globe.

How can I contact Astec Industries?

Astec Industries' mailing address is 1725 SHEPHERD ROAD, CHATTANOOGA TN, 37421. The industrial products company can be reached via phone at 423-899-5898 or via email at [email protected]


MarketBeat Community Rating for Astec Industries (NASDAQ ASTE)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  288 (Vote Outperform)
Underperform Votes:  288 (Vote Underperform)
Total Votes:  576
MarketBeat's community ratings are surveys of what our community members think about Astec Industries and other stocks. Vote "Outperform" if you believe ASTE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASTE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/21/2018 by MarketBeat.com Staff

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