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NASDAQ:ASTE

Astec Industries - ASTE Stock Forecast, Price & News

$32.58
-0.59 (-1.78%)
(As of 09/26/2022 05:33 PM ET)
Add
Compare
Today's Range
$32.46
$33.89
50-Day Range
$33.17
$49.13
52-Week Range
$32.46
$75.00
Volume
100,691 shs
Average Volume
120,225 shs
Market Capitalization
$744.94 million
P/E Ratio
1,629.00
Dividend Yield
1.45%
Price Target
$61.00

Astec Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
87.2% Upside
$61.00 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Astec Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
63.04%
From $1.38 to $2.25 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Industrial Products Sector

46th out of 178 stocks

Construction Machinery Industry

3rd out of 6 stocks

ASTE stock logo

About Astec Industries (NASDAQ:ASTE) Stock

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. 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, ready mix concrete producers, contractors in the construction and demolition recycling markets, and governmental 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.

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ASTE Stock News Headlines

Astec Industries Q2 Earnings Summary
Astec Industries (ASTE) Q2 Earnings Lag Estimates
Astec Reports Second Quarter 2022 Results
Astec Industries Tops Q1 EPS by 30c
Astec Industries (ASTE) Q1 Earnings Top Estimates
See More Headlines
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ASTE Company Calendar

Last Earnings
8/02/2022
Ex-Dividend for 8/29 Dividend
8/11/2022
Dividend Payable
8/29/2022
Today
9/26/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Current Symbol
NASDAQ:ASTE
CUSIP
04622410
Employees
4,041
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$61.00
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+87.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$17.80 million
Pretax Margin
-0.25%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$2.75 per share
Book Value
$28.76 per share

Miscellaneous

Free Float
22,629,000
Market Cap
$744.94 million
Optionable
Optionable
Beta
1.40

Social Links


Key Executives

  • Mr. Barry A. Ruffalo (Age 52)
    Pres, CEO & Director
    Comp: $1.22M
  • Ms. Rebecca A. Weyenberg (Age 58)
    Chief Financial Officer
    Comp: $567.24k
  • Mr. Anshu Pasricha (Age 42)
    Gen. Counsel, Corp. Sec. & Chief Compliance Officer
    Comp: $515.12k
  • Mr. Jaco van der Merwe (Age 49)
    Group Pres of Infrastructure
    Comp: $584.36k
  • Mr. Timothy A. Averkamp (Age 50)
    Group Pres of Materials Solutions Group
    Comp: $534.32k
  • Ms. Jamie E. Palm (Age 44)
    VP, Chief Accounting Officer & Corp. Controller
  • Mr. Stephen C. Anderson (Age 58)
    Sr. VP of Admin. & Investor Relations
  • Mr. Mark Roth (Age 47)
    Sr. VP of Corp. Devel. & Strategy
  • Mr. Gregory G. Oswald (Age 57)
    Sr. VP of Global Operational Excellence
  • Mr. Michael Norris (Age 52)
    Sr. VP of International & Aftermarket Sales













ASTE Stock - Frequently Asked Questions

Should I buy or sell Astec Industries stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASTE shares.
View ASTE analyst ratings
or view top-rated stocks.

What is Astec Industries' stock price forecast for 2022?

2 Wall Street research analysts have issued 12 month price objectives for Astec Industries' stock. Their ASTE share price forecasts range from $40.00 to $82.00. On average, they predict the company's share price to reach $61.00 in the next year. This suggests a possible upside of 87.4% 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 2022?

Astec Industries' stock was trading at $69.27 at the start of the year. Since then, ASTE stock has decreased by 53.0% and is now trading at $32.55.
View the best growth stocks for 2022 here
.

When is Astec Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ASTE earnings forecast
.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) released its earnings results on Tuesday, August, 2nd. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.33. The industrial products company earned $318.20 million during the quarter, compared to the consensus estimate of $308.70 million. Astec Industries had a net margin of 0.03% and a trailing twelve-month return on equity of 3.72%. Astec Industries's revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS.

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

Astec Industries declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.12 per share on Monday, August 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, August 11th.
Read our dividend analysis for ASTE
.

Is Astec Industries a good dividend stock?

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.45%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 2,400.00%. 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 21.33% 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 number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (6.29%), Gamco Investors INC. ET AL (4.25%), State Street Corp (3.58%), Franklin Resources Inc. (2.91%), Goldman Sachs Group Inc. (2.80%) and William Blair Investment Management LLC (1.59%). 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 $32.55.

How much money does Astec Industries make?

Astec Industries (NASDAQ:ASTE) has a market capitalization of $744.26 million and generates $1.10 billion in revenue each year. The industrial products company earns $17.80 million in net income (profit) each year or $0.02 on an earnings per share basis.

How many employees does Astec Industries have?

The company employs 4,041 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 9/26/2022 by MarketBeat.com Staff

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