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NASDAQ:ASTE

Astec Industries Stock Forecast, Price & News

$58.62
-0.61 (-1.03 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$58.51
Now: $58.62
$59.23
50-Day Range
$48.51
MA: $55.39
$59.23
52-Week Range
$25.17
Now: $58.62
$63.74
Volume42,513 shs
Average Volume143,053 shs
Market Capitalization$1.33 billion
P/E Ratio101.07
Dividend Yield0.74%
Beta1.33
Astec Industries, Inc. manufactures and sells 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 designs, engineers, manufactures, markets, services, and installs asphalt plants and their related components, asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers, and related ancillary equipment. This segment serves asphalt producers, highway and heavy equipment contractors, utility contractors, and governmental agencies through direct sales staff and independent distributors. Its Aggregate and Mining Group segment focuses on designing and manufacturing heavy processing equipment, as well as servicing and supplying parts for the aggregate, metallic mining, recycling, ports, and bulk handling markets. This segment serves highway and heavy equipment contractors, sand and gravel producers, recycle and crushing contractors, mine operators, quarry operators, port and inland terminal authorities, power stations, and governmental agencies through direct sales employees and independent distributors. The company's Energy Group segment supplies heavy equipment, such as heaters, drilling rigs, concrete plants, wood chippers and grinders, pump trailers, storage equipment, construction, and water well industries, as well as commercial and industrial burners that are used primarily in commercial, industrial, and process heating applications. It serves oil and gas field operators, industrial product manufacturers, independent contractors, ready mix concrete producers, heating equipment distributors, and government agencies through employee sales agents, manufacturer representatives, and distributors. The company was founded in 1972 and is based in Chattanooga, Tennessee.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


Industry, Sector and Symbol

Industry Construction machinery
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
Current SymbolNASDAQ:ASTE
CUSIP04622410
Phone423-899-5898
Employees3,866

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.17 billion
Cash Flow$2.70 per share
Book Value$27.57 per share

Profitability

Net Income$22.31 million

Miscellaneous

Market Cap$1.33 billion
Next Earnings Date3/16/2021 (Estimated)
OptionableOptionable
$58.62
-0.61 (-1.03 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Astec Industries (NASDAQ:ASTE) Frequently Asked Questions

How has Astec Industries' stock been impacted by Coronavirus (COVID-19)?

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. Since then, ASTE stock has increased by 87.1% and is now trading at $58.62.
View which stocks have been most impacted by COVID-19
.

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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Astec Industries?

Wall Street analysts have given Astec Industries a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Astec Industries wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Astec Industries' next earnings date?

Astec Industries is scheduled to release its next quarterly earnings announcement on Tuesday, March 16th 2021.
View our earnings forecast for Astec Industries
.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) announced its quarterly earnings results on Monday, November, 9th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. The industrial products company had revenue of $231.40 million for the quarter, compared to the consensus estimate of $227.99 million. Astec Industries had a return on equity of 8.27% and a net margin of 1.24%. Astec Industries's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS.
View Astec Industries' earnings history
.

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

Astec Industries declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 13th will be paid a dividend of $0.11 per share on Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 12th.
View Astec Industries' dividend history
.

What price target have analysts set for ASTE?

4 analysts have issued 1-year target prices for Astec Industries' stock. Their forecasts range from $41.00 to $48.00. On average, they expect Astec Industries' share price to reach $44.33 in the next year. This suggests that the stock has a possible downside of 24.4%.
View analysts' price targets for Astec Industries
.

Are investors shorting Astec Industries?

Astec Industries saw a drop in short interest during the month of October. As of October 30th, there was short interest totaling 454,800 shares, a drop of 20.4% from the October 15th total of 571,000 shares. Based on an average trading volume of 130,700 shares, the short-interest ratio is currently 3.5 days. Approximately 2.1% of the shares of the stock are sold short.
View Astec Industries' Short Interest
.

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

Who are Astec Industries' key executives?

Astec Industries' management team includes the following people:
  • Mr. Barry A. Ruffalo, Pres, CEO & Director (Age 50, Pay $979.81k)
  • Ms. Rebecca A. Weyenberg, Chief Financial Officer (Age 56, Pay $103.36k)
  • Mr. Jeffrey M. Schwarz, Group Pres of Aggregate & Mining (Age 53, Pay $494.06k)
  • Mr. Jaco van der Merwe, Group Pres of Infrastructure (Age 47, Pay $530.16k)
  • Mr. J. Scott Barker, Sr. VP of Innovation (Age 56, Pay $532.1k)
  • Mr. Matt Litchfield Sr., Chief Information Officer (Age 45)
  • Mr. Stephen C. Anderson, Sr. VP of Admin., Investor Relations & Corp. Sec. (Age 56)
  • Mr. Gregory G. Oswald, Sr. VP of Global Operational Excellence (Age 55)
  • Mr. Timothy A. Averkamp, Group Pres of Mobile (Age 48)

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.60%), Gamco Investors INC. ET AL (4.91%), Victory Capital Management Inc. (4.03%), State Street Corp (3.09%), Gabelli Funds LLC (2.61%) and Segall Bryant & Hamill LLC (1.53%). Company insiders that own Astec Industries stock include Jaco Van Der Merwe, Rebecca A Weyenberg and Stephen C Anderson.
View institutional ownership trends for Astec Industries
.

Which institutional investors are selling Astec Industries stock?

ASTE stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, BlackRock Inc., JPMorgan Chase & Co., Gamco Investors INC. ET AL, Charles Schwab Investment Management Inc., Teton Advisors Inc., State Street Corp, and Morgan Stanley.
View insider buying and selling activity for Astec Industries
.

Which institutional investors are buying Astec Industries stock?

ASTE stock was acquired by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., Segall Bryant & Hamill LLC, Arrowstreet Capital Limited Partnership, Castleark Management LLC, New York State Common Retirement Fund, Jackson Creek Investment Advisors LLC, Advisory Research Inc., and SG Americas Securities LLC. Company insiders that have bought Astec Industries stock in the last two years include Jaco Van Der Merwe, Rebecca A Weyenberg, 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 $58.62.

How big of a company is Astec Industries?

Astec Industries has a market capitalization of $1.33 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 11/29/2020 by MarketBeat.com Staff

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