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NASDAQ:ASTEAstec Industries Stock Price, Forecast & News

$48.04
+3.02 (+6.71 %)
(As of 06/5/2020 01:59 PM ET)
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Compare
Today's Range
$46.12
Now: $48.04
$48.41
50-Day Range
$35.69
MA: $38.90
$43.55
52-Week Range
$25.17
Now: $48.04
$46.37
Volume7,312 shs
Average Volume169,150 shs
Market Capitalization$1.09 billion
P/E Ratio38.13
Dividend Yield1.01%
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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Astec Industries logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.82 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$3.00 per share
Book Value$26.72 per share

Profitability

Net Income$22.31 million

Miscellaneous

Employees3,866
Market Cap$1.09 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ASTE shares have increased by 53.3% and is now trading at $48.04. 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) released its earnings results on Tuesday, March, 17th. The industrial products company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.18. The industrial products company earned $283.22 million during the quarter, compared to analysts' expectations of $306.37 million. Astec Industries had a net margin of 2.53% and a return on equity of 6.99%. 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. Shareholders of record on Thursday, May 14th will be given a dividend of $0.11 per share on Thursday, May 28th. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Wednesday, May 13th. View Astec Industries' dividend history.

How will Astec Industries' stock buyback program work?

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

What price target have analysts set for ASTE?

4 equities research analysts have issued 12 month price objectives for Astec Industries' stock. Their forecasts range from $41.00 to $48.00. On average, they anticipate Astec Industries' stock price to reach $44.33 in the next twelve months. This suggests that the stock has a possible downside of 7.7%. View analysts' price targets for Astec Industries.

Has Astec Industries been receiving favorable news coverage?

Headlines about ASTE stock have trended extremely negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive media 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 daily sentiment score of -5.0 on InfoTrie's scale. They also gave news stories 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 company's share price in the near term. View the latest news aboutAstec Industries.

Are investors shorting Astec Industries?

Astec Industries saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 954,000 shares, a drop of 6.5% from the April 30th total of 1,020,000 shares. Based on an average daily trading volume, of 149,400 shares, the short-interest ratio is currently 6.4 days. Currently, 4.3% of the shares of the stock are short sold. 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."

Who are Astec Industries' major shareholders?

Astec Industries' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.12%), Gamco Investors INC. ET AL (5.63%), Franklin Resources Inc. (3.99%), Victory Capital Management Inc. (3.79%), Victory Capital Management Inc. (3.79%) and State Street Corp (3.21%). Company insiders that own Astec Industries stock include Jaco Van Der Merwe and Stephen C Anderson. 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 Franklin Resources Inc., Parametric Portfolio Associates LLC, BlackRock Inc., Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, Federated Hermes Inc., and First Trust Advisors LP. View insider buying and selling activity for Astec Industries.

Which major investors are buying Astec Industries stock?

ASTE stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., State Street Corp, KBC Group NV, Wellington Management Group LLP, Geode Capital Management LLC, Russell Investments Group Ltd., and Gamco Investors INC. ET AL. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Astec Industries' stock price today?

One share of ASTE stock can currently be purchased for approximately $48.04.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $1.09 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 6/5/2020 by MarketBeat.com Staff

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