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NASDAQ:ASTE

Astec Industries (ASTE) Stock Forecast, Price & News

$43.45
-0.09 (-0.21%)
(As of 06/9/2023 ET)
Compare
Today's Range
$42.80
$43.52
50-Day Range
$36.86
$44.17
52-Week Range
$31.04
$49.56
Volume
83,292 shs
Average Volume
101,324 shs
Market Capitalization
$987.18 million
P/E Ratio
124.15
Dividend Yield
1.20%
Price Target
$49.00

Astec Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.8% Upside
$49.00 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.74mentions of Astec Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.41%
From $2.70 to $2.90 Per Share

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 stars

Industrial Products Sector

102nd out of 180 stocks

Construction Machinery Industry

4th out of 7 stocks


ASTE stock logo

About Astec Industries (NASDAQ:ASTE) Stock

Astec 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.

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ASTE Stock News Headlines

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.
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.
Vibrating Screen Market upto 2030
Q1 2023 SPX Technologies Inc Earnings Call
Astec Industries Q1 Profit Rises; Net Sales Up 19.5%
Astec Industries: Q1 Earnings Insights
See More Headlines

ASTE Price History

ASTE Company Calendar

Ex-Dividend for 3/30 Dividend
3/09/2023
Dividend Payable
3/30/2023
Last Earnings
5/03/2023
Ex-Dividend for 5/30 Dividend
5/11/2023
Dividend Payable
5/30/2023
Today
6/09/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$49.00
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-100,000.00
Pretax Margin
1.19%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Cash Flow
$2.42 per share
Book Value
$27.60 per share

Miscellaneous

Free Float
22,521,000
Market Cap
$987.18 million
Optionable
Optionable
Beta
1.50

Social Links


Key Executives

  • Jaco G. van der Merwe
    President, Chief Executive Officer & Director
  • Timothy A. Averkamp
    Group President
  • Rebecca A. Weyenberg
    Chief Financial Officer
  • Sid Verma
    President-Digital & Innovation, CTO
  • Jamie E. Palm
    Chief Accounting Officer, VP & Controller













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
.

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

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