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

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

Astec Industries declared a quarterly dividend on Thursday, July 25th. Shareholders of record on Monday, August 12th will be given a dividend of $0.11 per share on Thursday, August 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, August 9th. View Astec Industries' Dividend History.

Astec Industries declared that its board has initiated a share buyback plan 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 buy up to 13.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Tuesday, July, 23rd. The industrial products company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.05. The industrial products company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $299.96 million. Astec Industries had a negative net margin of 0.20% and a positive return on equity of 7.07%. Astec Industries's quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. View Astec Industries' Earnings History.

Astec Industries is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for Astec Industries.

3 brokers have issued twelve-month target prices for Astec Industries' shares. Their predictions range from $41.00 to $41.00. On average, they expect Astec Industries' stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 29.5% 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.

Press coverage about ASTE stock has been trending negative recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. 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 coverage optimism score of -2.9 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Astec Industries.

Some companies that are related to Astec Industries include Douglas Dynamics (PLOW), Columbus McKinnon (CMCO), Lonking (LONKF), Manitowoc (MTW), Gencor Industries, Inc. (DE) (GENC) and ASV (ASV).

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

Astec Industries' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.68%), Vanguard Group Inc. (10.59%), State of New Jersey Common Pension Fund D (6.17%), Gamco Investors INC. ET AL (5.99%), Bank of New York Mellon Corp (2.94%) and Gabelli Funds LLC (2.88%). 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 Russell Investments Group Ltd., Bank of America Corp DE, Gabelli Funds LLC, John G Ullman & Associates Inc., First Trust Advisors LP, Wells Fargo & Company MN, BlackRock Inc. and Keeley Teton Advisors LLC. View Insider Buying and Selling for Astec Industries.

ASTE stock was acquired by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Morgan Stanley, Nuveen Asset Management LLC, Alambic Investment Management L.P., D. E. Shaw & Co. Inc., Teton Advisors Inc., Renaissance Technologies LLC and Strs Ohio. 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 $31.6650.

Astec Industries has a market capitalization of $713.41 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]