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NASDAQ:ASTE

Astec Industries - ASTE Stock Forecast, Price & News

$39.28
-0.36 (-0.91%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$39.21
$40.33
50-Day Range
$37.62
$49.27
52-Week Range
$31.04
$49.56
Volume
105,313 shs
Average Volume
124,477 shs
Market Capitalization
$889.65 million
P/E Ratio
31.82
Dividend Yield
1.32%
Price Target
$42.00

Astec Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.9% Upside
$42.00 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.09mentions of Astec Industries in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.81%
From $2.10 to $2.60 Per Share

Overall MarketRank

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

1.93 out of 5 stars

Industrial Products Sector

124th out of 175 stocks

Construction Machinery Industry

4th out of 6 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

Asphalt Pavers Global Market Report 2023
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Screener Market Size and Forecast till 2028
Crusher Market Outlook and Forecast till 2028
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Metal Cladding Market | Forecast 2023 to 2029
Astec Industries: Dividend Insights
Q4 2022 Astec Industries Inc Earnings Call
Earnings Scheduled For March 1, 2023
Astec Industries Q4 Loss Narrows With Higher Sales
Astec Reports Fourth Quarter 2022 Results
Astec Announces Quarterly Dividend
See More Headlines
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ASTE Company Calendar

Last Earnings
3/01/2023
Ex-Dividend for 3/30 Dividend
3/09/2023
Today
3/22/2023
Dividend Payable
3/30/2023
Next Earnings (Estimated)
5/03/2023
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
$42.00
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-100,000.00
Pretax Margin
0.35%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Cash Flow
$2.55 per share
Book Value
$27.60 per share

Miscellaneous

Free Float
22,416,000
Market Cap
$889.65 million
Optionable
Optionable
Beta
1.52

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
  • Anshu Pasricha
    Secretary, Compliance Officer & General Counsel













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 year. There are currently 2 hold ratings 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?

2 analysts have issued 12 month target prices for Astec Industries' stock. Their ASTE share price forecasts range from $42.00 to $42.00. On average, they anticipate the company's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 6.9% 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 the year. Since then, ASTE stock has decreased by 3.4% and is now trading at $39.28.
View the best growth stocks for 2023 here
.

Are investors shorting Astec Industries?

Astec Industries saw a decrease in short interest in February. As of February 28th, there was short interest totaling 246,000 shares, a decrease of 11.1% from the February 13th total of 276,800 shares. Based on an average trading volume of 109,100 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.1% of the shares of the company are short sold.
View Astec Industries' Short Interest
.

When is Astec Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ASTE earnings forecast
.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Wednesday, March, 1st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.04. The industrial products company had revenue of $349.90 million for the quarter, compared to the consensus estimate of $313.55 million. Astec Industries had a positive trailing twelve-month return on equity of 4.38% and a negative net margin of 0.01%. The company's revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) earnings per share.

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

Astec Industries declared a quarterly dividend on Monday, February 27th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.13 per share on Thursday, March 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 9th.
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 1.34%.
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 retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (7.83%), Victory Capital Management Inc. (7.85%), Victory Capital Management Inc. (7.81%), Dimensional Fund Advisors LP (6.39%), Gamco Investors INC. ET AL (4.52%) and Gamco Investors INC. ET AL (4.52%). 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 $39.28.

How much money does Astec Industries make?

Astec Industries (NASDAQ:ASTE) has a market capitalization of $889.65 million and generates $1.27 billion in revenue each year.

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 3/22/2023 by MarketBeat.com Staff