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

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

Astec Industries declared a quarterly dividend on Thursday, October 24th. Investors 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 0.97%. The ex-dividend date is Thursday, November 7th. View Astec Industries' Dividend History.

Astec Industries announced that its board has authorized a stock repurchase program on Monday, July 30th 2018, which authorizes the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Tuesday, October, 29th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks' 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 negative net margin of 0.53% and a positive return on equity of 6.62%. Astec Industries's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. 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 analysts have issued 12 month price targets for Astec Industries' stock. Their forecasts range from $41.00 to $53.00. On average, they anticipate Astec Industries' stock price to reach $47.00 in the next year. This suggests a possible upside of 3.9% 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 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Astec Industries.

News coverage about ASTE stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Astec Industries earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Astec Industries.

Astec Industries saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,280,000 shares, an increase of 18.5% from the January 15th total of 1,080,000 shares. Based on an average daily trading volume, of 162,300 shares, the days-to-cover ratio is currently 7.9 days. Approximately 5.8% of the shares of the company are short sold. View Astec Industries' Current Options Chain.

Some companies that are related to Astec Industries include AGCO (AGCO), Alamo Group (ALG), Caterpillar (CAT), Commercial Vehicle Group (CVGI), Cummins (CMI), Deere & Company (DE), Douglas Dynamics (PLOW), Federal Signal (FSS), FreightCar America (RAIL), Greenbrier Companies (GBX), Lindsay (LNN), Manitowoc (MTW), Meritor (MTOR), Miller Industries (MLR) and Navistar International (NAV).

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

Astec Industries' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (4.81%), Bank of New York Mellon Corp (3.10%), Victory Capital Management Inc. (2.98%), Investment Counselors of Maryland LLC (2.97%), State Street Corp (2.97%) and Victory Capital Management Inc. (2.75%). 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., Royce & Associates LP, California Public Employees Retirement System, Bank of America Corp DE, US Bancorp DE, Snow Capital Management LP, Gabelli Funds LLC and Pinebridge Investments L.P.. View Insider Buying and Selling for Astec Industries.

ASTE stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Franklin Resources Inc., Jacobs Levy Equity Management Inc., Mesirow Financial Investment Management Equity Management, Heartland Advisors Inc., Hotchkis & Wiley Capital Management LLC and Goldman Sachs Group Inc.. 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 $45.24.

Astec Industries has a market capitalization of $1.02 billion 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.