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

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

Astec Industries announced a quarterly dividend on Thursday, October 24th. Shareholders of record on Monday, November 11th will be given a dividend of $0.11 per share on Wednesday, November 27th. This represents a $0.44 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, November 7th. View Astec Industries' Dividend History.

Astec Industries announced that its Board of Directors has approved a stock buyback plan on Monday, July 30th 2018, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 13.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Astec Industries, Inc. (NASDAQ:ASTE) issued its quarterly earnings data on Tuesday, October, 29th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.14. The industrial products company had revenue of $255.80 million for the quarter, compared to the consensus estimate of $260.24 million. Astec Industries had a positive return on equity of 6.62% and a negative net margin of 0.53%. The firm's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. View Astec Industries' Earnings History.

Astec Industries is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Astec Industries.

3 equities research analysts have issued 12 month price objectives for Astec Industries' shares. Their forecasts range from $41.00 to $41.00. On average, they anticipate Astec Industries' share price to reach $41.00 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Astec Industries.

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

News stories about ASTE stock have been trending somewhat negative on Saturday, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Astec Industries earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the stock's share price in the near future. View News Stories for Astec Industries.

Astec Industries saw a decline in short interest in the month of November. As of November 29th, there was short interest totalling 879,500 shares, a decline of 5.9% from the November 14th total of 934,500 shares. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is currently 5.7 days. Approximately 4.0% of the shares of the company are sold short. View Astec Industries' Current Options Chain.

Some companies that are related to Astec Industries include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Cummins (CMI), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Terex (TEX), Federal Signal (FSS), Meritor (MTOR) and Alamo Group (ALG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Astec Industries investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Netflix (NFLX), AbbVie (ABBV), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Alibaba Group (BABA), Schlumberger (SLB), Comcast (CMCSA), Costco Wholesale (COST) and Roku (ROKU).

Astec Industries' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (5.57%), State Street Corp (2.88%), Gabelli Funds LLC (2.80%), Teton Advisors Inc. (1.45%), Russell Investments Group Ltd. (1.09%) and California Public Employees Retirement System (0.72%). Company insiders that own Astec Industries stock include Benjamin G Brock, Jaco Van Der Merwe and Stephen C Anderson. View Institutional Ownership Trends for Astec Industries.

ASTE stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Gamco Investors INC. ET AL, John G Ullman & Associates Inc., State Street Corp, Gabelli Funds LLC, Boston Partners, Benjamin F. Edwards & Company Inc. and Barclays PLC. View Insider Buying and Selling for Astec Industries.

ASTE stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., First Trust Advisors LP, California Public Employees Retirement System, State of Alaska Department of Revenue, Squarepoint Ops LLC, Rhumbline Advisers, Northwest Investment Counselors LLC and Quadrant Capital Group LLC. Company insiders that have bought Astec Industries stock in the last two years include Jaco Van Der Merwe and Stephen C Anderson. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of ASTE stock can currently be purchased for approximately $39.78.

Astec Industries has a market capitalization of $897.04 million and generates $1.17 billion in revenue each year. The industrial products company earns $-60,450,000.00 in net income (profit) each year or $2.92 on an earnings per share basis. Astec Industries employs 4,401 workers across the globe.View Additional Information About Astec Industries.

The official website for Astec Industries is http://www.astecindustries.com/.

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]