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NASDAQ:ASTE

Astec Industries Stock Forecast, Price & News

$53.68
+0.55 (+1.04 %)
(As of 09/17/2020 12:00 AM ET)
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Today's Range
$50.36
Now: $53.68
$54.23
50-Day Range
$44.49
MA: $51.99
$55.90
52-Week Range
$25.17
Now: $53.68
$63.74
Volume196,571 shs
Average Volume144,483 shs
Market Capitalization$1.21 billion
P/E Ratio83.88
Dividend Yield0.83%
Beta1.31
Astec 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's 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. This segment serves asphalt producers, highway and heavy equipment contractors, and governmental agencies. Its 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 equipment, 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 company's Energy Group segment offers thermal fluid heaters, process heaters, waste heat recovery equipment, liquid storage systems, and polymer and rubber blending systems; thermal fluid heaters, portable and stationary storage tanks, and rubberized asphalt and polymer blending systems; drilling rigs and related equipment; whole-tree pulpwood chippers, biomass chippers, horizontal grinders and blower trucks; commercial and industrial burners and combustion control systems; and stationary and portable, central mix and ready mix concrete batch plants, concrete mixers and concrete paving equipment. This segment serves oil and gas field operators, industrial product manufacturers, independent contractors, ready mix concrete producers, heating equipment distributors, and government agencies. The company was founded in 1972 and is based in Chattanooga, Tennessee.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.21 out of 5 stars


Industry, Sector and Symbol

Industry Construction machinery
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
Current SymbolNASDAQ:ASTE
CUSIP04622410
Phone423-899-5898

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.17 billion
Cash Flow$2.82 per share
Book Value$26.72 per share

Profitability

Net Income$22.31 million

Miscellaneous

Employees3,866
Market Cap$1.21 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$53.68
+0.55 (+1.04 %)
(As of 09/17/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Astec Industries (NASDAQ:ASTE) Frequently Asked Questions

How has Astec Industries' stock been impacted by COVID-19?

Astec Industries' stock was trading at $31.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ASTE shares have increased by 71.3% and is now trading at $53.68.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Astec Industries?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Astec Industries
.

When is Astec Industries' next earnings date?

Astec Industries is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Astec Industries
.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) issued its earnings results on Wednesday, August, 5th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.62. The industrial products company earned $265.30 million during the quarter, compared to analysts' expectations of $228.98 million. Astec Industries had a return on equity of 8.15% and a net margin of 1.34%. The company's revenue for the quarter was down 13.0% on a year-over-year basis.
View Astec Industries' earnings history
.

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

Astec Industries announced a quarterly dividend on Monday, August 24th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.11 per share on Thursday, September 10th. This represents a $0.44 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, August 28th.
View Astec Industries' dividend history
.

What price target have analysts set for ASTE?

4 Wall Street analysts have issued twelve-month price objectives for Astec Industries' shares. Their forecasts range from $41.00 to $48.00. On average, they anticipate Astec Industries' share price to reach $44.33 in the next twelve months. This suggests that the stock has a possible downside of 17.4%.
View analysts' price targets for Astec Industries
.

Are investors shorting Astec Industries?

Astec Industries saw a increase in short interest in August. As of August 31st, there was short interest totaling 992,800 shares, an increase of 12.5% from the August 15th total of 882,200 shares. Based on an average daily volume of 148,700 shares, the days-to-cover ratio is presently 6.7 days. Approximately 4.5% of the company's shares are short sold.
View Astec Industries' Short Interest
.

Who are some of Astec Industries' key competitors?

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), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX), Pfizer (PFE), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Exxon Mobil (XOM) and Citigroup (C).

Who are Astec Industries' key executives?

Astec Industries' management team includes the following people:
  • Mr. Richard J. Dorris, Interim CEO, COO & Pres (Age 58)
  • Mr. David C. Silvious, CFO, VP & Treasurer (Age 51)
  • Mr. Jeffrey M. Schwarz, Group Pres of Aggregate & Mining (Age 52)
  • Mr. Jaco van der Merwe, Group Pres of Infrastructure (Age 46)
  • Mr. Stephen C. Anderson, VP of Admin., Director of IR, Compliance Officer & Corp. Sec. (Age 55)

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.31%), Gamco Investors INC. ET AL (5.11%), Victory Capital Management Inc. (4.05%), Bank of New York Mellon Corp (2.75%), Gabelli Funds LLC (2.62%) and Goldman Sachs Group Inc. (1.93%). Company insiders that own Astec Industries stock include Jaco Van Der Merwe, Rebecca A Weyenberg and Stephen C Anderson.
View institutional ownership trends for Astec Industries
.

Which institutional investors are selling Astec Industries stock?

ASTE stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Charles Schwab Investment Management Inc., Heartland Advisors Inc., BRYN MAWR TRUST Co, Russell Investments Group Ltd., Bank of New York Mellon Corp, Jacobs Levy Equity Management Inc., and State of Wisconsin Investment Board.
View insider buying and selling activity for Astec Industries
.

Which institutional investors are buying Astec Industries stock?

ASTE stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Driehaus Capital Management LLC, Victory Capital Management Inc., Barclays PLC, Bank of Montreal Can, MERIAN GLOBAL INVESTORS UK Ltd, Mesirow Financial Investment Management Equity Management, and SG Americas Securities LLC. Company insiders that have bought Astec Industries stock in the last two years include Jaco Van Der Merwe, Rebecca A Weyenberg, and Stephen C Anderson.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Astec Industries' stock price today?

One share of ASTE stock can currently be purchased for approximately $53.68.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $1.21 billion and generates $1.17 billion in revenue each year. The industrial products company earns $22.31 million in net income (profit) each year or $1.55 on an earnings per share basis. Astec Industries employs 3,866 workers across the globe.

What is Astec Industries' official website?

The official website for Astec Industries is www.astecindustries.com.

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]

This page was last updated on 9/18/2020 by MarketBeat.com Staff

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