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NASDAQ:ASTEAstec Industries Stock Price, Forecast & News

$44.45
+1.59 (+3.71 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$42.92
Now: $44.45
$44.52
50-Day Range
$38.74
MA: $44.23
$48.56
52-Week Range
$25.17
Now: $44.45
$49.18
Volume102,300 shs
Average Volume147,316 shs
Market Capitalization$1.00 billion
P/E Ratio35.28
Dividend Yield0.99%
Beta1.23
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: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 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$2.72 per share
Book Value$26.72 per share

Profitability

Net Income$22.31 million

Miscellaneous

Employees3,866
Market Cap$1.00 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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Astec Industries (NASDAQ:ASTE) Frequently Asked Questions

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

Astec Industries' stock was trading at $31.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ASTE stock has increased by 41.9% and is now trading at $44.45. View which stocks have been most impacted by Coronavirus.

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, July 28th 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, May, 6th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.61. The industrial products company earned $288.80 million during the quarter, compared to analysts' expectations of $291.53 million. Astec Industries had a return on equity of 6.99% and a net margin of 2.53%. Astec Industries's revenue was down 11.4% 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 Wednesday, May 6th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.11 per share on Thursday, May 28th. This represents a $0.44 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, May 13th. View Astec Industries' dividend history.

How will Astec Industries' stock buyback program work?

Astec Industries declared that its Board of Directors has approved a stock buyback program on Monday, July 30th 2018, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 13.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

What price target have analysts set for ASTE?

4 Wall Street analysts have issued twelve-month price targets 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 year. This suggests that the stock has a possible downside of 0.3%. View analysts' price targets for Astec Industries.

Has Astec Industries been receiving favorable news coverage?

Media headlines about ASTE stock have trended somewhat positive recently, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Astec Industries earned a news impact score of 1.3 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Astec Industries.

Are investors shorting Astec Industries?

Astec Industries saw a increase in short interest in June. As of June 30th, there was short interest totaling 927,700 shares, an increase of 6.0% from the June 15th total of 875,100 shares. Based on an average daily volume of 166,600 shares, the days-to-cover ratio is presently 5.6 days. Approximately 4.2% of the shares of the company are sold short. View Astec Industries' Current Options Chain.

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), Netflix (NFLX), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Exxon Mobil (XOM), Alibaba Group (BABA), Schlumberger (SLB), AT&T (T) 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."

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 $44.45.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $1.00 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 7/12/2020 by MarketBeat.com Staff

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