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

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$29.76 +0.06 (+0.20 %)
(As of 05/27/2019 04:10 AM ET)
Previous Close$29.76
Today's Range$29.46 - $30.00
52-Week Range$27.86 - $63.69
Volume87,424 shs
Average Volume211,279 shs
Market Capitalization$670.52 million
P/E Ratio10.19
Dividend Yield1.48%
Beta1.44
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.17 billion
Cash Flow$3.9417 per share
Book Value$26.60 per share

Profitability

Net Income$-60,450,000.00

Miscellaneous

Employees4,401
Market Cap$670.52 million
Next Earnings Date7/23/2019 (Estimated)
OptionableOptionable

Astec Industries (NASDAQ:ASTE) Frequently Asked Questions

What is Astec Industries' stock symbol?

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

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

Astec Industries announced a quarterly dividend on Tuesday, April 30th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.11 per share on Thursday, May 30th. This represents a $0.44 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, May 13th. View Astec Industries' Dividend History.

How will Astec Industries' stock buyback program work?

Astec Industries declared that its board has initiated a share buyback plan on Monday, July 30th 2018, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) released its quarterly earnings data on Tuesday, April, 23rd. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.19. The industrial products company earned $325.78 million during the quarter, compared to analyst estimates of $338.68 million. Astec Industries had a positive return on equity of 9.53% and a negative net margin of 5.67%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. View Astec Industries' Earnings History.

When is Astec Industries' next earnings date?

Astec Industries is scheduled to release their next quarterly earnings announcement on Tuesday, July 23rd 2019. View Earnings Estimates for Astec Industries.

What price target have analysts set for ASTE?

3 equities research analysts have issued 1-year price objectives for Astec Industries' shares. Their predictions range from $41.00 to $63.00. On average, they expect Astec Industries' share price to reach $52.00 in the next twelve months. This suggests a possible upside of 74.7% from the stock's current price. View Analyst Price Targets for Astec Industries.

What is the consensus analysts' recommendation 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.

Has Astec Industries been receiving favorable news coverage?

Headlines about ASTE stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Astec Industries earned a news sentiment score of 0.7 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.

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 NVIDIA (NVDA), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Citigroup (C), Mondi (MNDI), Advanced Micro Devices (AMD), Netflix (NFLX), AbbVie (ABBV), Alibaba Group (BABA), Nucor (NUE) and Schlumberger (SLB).

Who are Astec Industries' key executives?

Astec Industries' management team includes the folowing 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)

Who are Astec Industries' major shareholders?

Astec Industries' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.75%), Dimensional Fund Advisors LP (8.47%), State of New Jersey Common Pension Fund D (6.22%), Gamco Investors INC. ET AL (5.45%), Gabelli Funds LLC (3.05%) and Royce & Associates LP (2.27%). Company insiders that own Astec Industries stock include Benjamin G Brock and Jaco Van Der Merwe. View Institutional Ownership Trends for Astec Industries.

Which major investors are selling Astec Industries stock?

ASTE stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Dean Investment Associates LLC, Royce & Associates LP, JPMorgan Chase & Co., First Trust Advisors LP, Prescott Group Capital Management L.L.C., State of New Jersey Common Pension Fund D and California Public Employees Retirement System. View Insider Buying and Selling for Astec Industries.

Which major investors are buying Astec Industries stock?

ASTE stock was purchased by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Dimensional Fund Advisors LP, John G Ullman & Associates Inc., Goldman Sachs Group Inc., IndexIQ Advisors LLC, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC and Wellington Management Group LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Astec Industries' stock price today?

One share of ASTE stock can currently be purchased for approximately $29.76.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $670.52 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.

What is Astec Industries' official website?

The official website for Astec Industries is http://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]


MarketBeat Community Rating for Astec Industries (NASDAQ ASTE)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  329 (Vote Outperform)
Underperform Votes:  330 (Vote Underperform)
Total Votes:  659
MarketBeat's community ratings are surveys of what our community members think about Astec Industries and other stocks. Vote "Outperform" if you believe ASTE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASTE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/27/2019 by MarketBeat.com Staff

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