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NASDAQ:ASTEAstec Industries Stock Price, Forecast & News

$38.49
-1.78 (-4.42 %)
(As of 04/5/2020 01:59 AM ET)
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Today's Range
$37.48
Now: $38.49
$41.45
50-Day Range
$27.54
MA: $36.59
$45.97
52-Week Range
$25.17
Now: $38.49
$46.37
Volume180,442 shs
Average Volume196,658 shs
Market Capitalization$867.95 million
P/E Ratio39.28
Dividend Yield1.09%
Beta1.21
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: 2.3Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.19 out of 5 stars


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$2.60 per share
Book Value$26.72 per share

Profitability

Net Income$22.31 million

Miscellaneous

Employees1,437
Market Cap$867.95 million
Next Earnings Date4/28/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ASTE shares have increased by 22.9% and is now trading at $38.49. View which stocks have been mosted 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, April 28th 2020. View our earnings forecast for Astec Industries.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) announced its quarterly earnings data on Tuesday, March, 3rd. The industrial products company reported $0.40 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.54 by $0.14. The industrial products company earned $283.20 million during the quarter, compared to the consensus estimate of $300.84 million. Astec Industries had a net margin of 1.91% and a return on equity of 5.64%. The company's revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. 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 Friday, February 28th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.11 per share on Monday, March 30th. This represents a $0.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, March 11th. 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 permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 13.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for ASTE?

4 analysts have issued twelve-month price targets for Astec Industries' shares. Their forecasts range from $44.00 to $53.00. On average, they anticipate Astec Industries' share price to reach $48.00 in the next twelve months. This suggests a possible upside of 24.7% from the stock's current price. View analysts' price targets for Astec Industries.

Has Astec Industries been receiving favorable news coverage?

Media headlines about ASTE stock have been trending very negative on Sunday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Astec Industries earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutAstec Industries.

Are investors shorting Astec Industries?

Astec Industries saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 1,210,000 shares, a decline of 7.6% from the February 13th total of 1,310,000 shares. Based on an average trading volume of 118,200 shares, the days-to-cover ratio is currently 10.2 days. Currently, 5.5% of the company's shares 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), 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).

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 $38.49.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $867.95 million 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 1,437 workers across the globe. View additional information about Astec Industries.

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]

This page was last updated on 4/5/2020 by MarketBeat.com Staff

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