Astec Industries - ASTE Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

1 analysts have issued twelve-month price targets for Astec Industries' shares. Their ASTE share price forecasts range from $40.00 to $40.00. On average, they anticipate the company's share price to reach $40.00 in the next twelve months. This suggests that the stock has a possible downside of 12.1%.
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Astec Industries' stock was trading at $40.66 at the beginning of 2023. Since then, ASTE shares have increased by 12.0% and is now trading at $45.52.
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Astec Industries saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 220,800 shares, a drop of 22.7% from the December 31st total of 285,700 shares. Based on an average daily volume of 123,200 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the company are sold short.
View Astec Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our ASTE earnings forecast.

Astec Industries will be holding an earnings conference call on Wednesday, March 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "8741406".

Astec Industries, Inc. (NASDAQ:ASTE) announced its quarterly earnings results on Wednesday, November, 3rd. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.31 by $0.19. The industrial products company earned $267 million during the quarter, compared to analysts' expectations of $266.16 million. Astec Industries had a positive trailing twelve-month return on equity of 3.01% and a negative net margin of 0.70%. The company's quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share.

Astec Industries announced a quarterly dividend on Thursday, October 27th. Investors of record on Monday, November 14th will be given a dividend of $0.13 per share on Friday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, November 10th. This is a boost from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for ASTE.

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.15%.
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 many different retail and institutional investors. Top institutional shareholders include Valicenti Advisory Services Inc. (0.28%), State of New Jersey Common Pension Fund D (0.24%), Assenagon Asset Management S.A. (0.13%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and SG Americas Securities LLC (0.06%). 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 $45.52.

Astec Industries (NASDAQ:ASTE) has a market capitalization of $1.03 billion and generates $1.10 billion in revenue each year. The industrial products company earns $17.80 million in net income (profit) each year or ($0.36) on an earnings per share basis.

The company employs 4,041 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.