Astec Industries - ASTE Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ASTE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASTE, but not buy additional shares or sell existing shares.
View ASTE analyst ratings or view top-rated stocks.

2 analysts have issued 12 month target prices for Astec Industries' stock. Their ASTE share price forecasts range from $42.00 to $42.00. On average, they anticipate the company's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts price targets for ASTE or view top-rated stocks among Wall Street analysts.

Astec Industries' stock was trading at $40.66 at the beginning of the year. Since then, ASTE stock has decreased by 3.4% and is now trading at $39.28.
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Astec Industries saw a decrease in short interest in February. As of February 28th, there was short interest totaling 246,000 shares, a decrease of 11.1% from the February 13th total of 276,800 shares. Based on an average trading volume of 109,100 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.1% of the shares of the company are short sold.
View Astec Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ASTE earnings forecast.

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Wednesday, March, 1st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.04. The industrial products company had revenue of $349.90 million for the quarter, compared to the consensus estimate of $313.55 million. Astec Industries had a positive trailing twelve-month return on equity of 4.38% and a negative net margin of 0.01%. The company's revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) earnings per share.

Astec Industries declared a quarterly dividend on Monday, February 27th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.13 per share on Thursday, March 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for ASTE.

ETFs with the largest weight of Astec Industries (NASDAQ:ASTE) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), iShares U.S. Infrastructure ETF (IFRA), Invesco S&P SmallCap Industrials ETF (PSCI), Global X U.S. Infrastructure Development ETF (PAVE), IQ Chaikin U.S. Small Cap ETF (CSML), iShares S&P Small-Cap 600 Value ETF (IJS), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and SPDR S&P 600 Small CapValue ETF (SLYV).

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.34%.
Read our dividend analysis for ASTE.

16 employees have rated Astec Industries Chief Executive Officer J. Don Brock on Glassdoor.com. J. Don Brock has an approval rating of 100% among the company's employees. This puts J. Don Brock in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 52.0% of employees surveyed would recommend working at Astec Industries to a friend.

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), Pfizer (PFE), Take-Two Interactive Software (TTWO), Exxon Mobil (XOM), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX) and Skyworks Solutions (SWKS).

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

Astec Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (7.83%), Victory Capital Management Inc. (7.85%), Victory Capital Management Inc. (7.81%), Dimensional Fund Advisors LP (6.39%), Gamco Investors INC. ET AL (4.52%) and Gamco Investors INC. ET AL (4.52%). Insiders that own company stock include Matthew T Sr Litchfield Sr, Rebecca A Weyenberg and William Glenwood Dorey.
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Shares of ASTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASTE stock can currently be purchased for approximately $39.28.

Astec Industries (NASDAQ:ASTE) has a market capitalization of $889.65 million and generates $1.27 billion in revenue each year.

The company employs 4,291 workers across the globe.

Astec Industries' mailing address is 1725 SHEPHERD ROAD, CHATTANOOGA TN, 37421. The official website for the company is www.astecindustries.com. The industrial products company can be reached via phone at (423) 899-5898, via email at sanderson@astecindustries.com, or via fax at 423-899-4456.