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S&P 500   3,785.38
DOW   30,775.43
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S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28

Astec Industries Stock Forecast, Price & News

$40.78
+0.46 (+1.14%)
(As of 06/30/2022 12:00 AM ET)
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Today's Range
$38.95
$40.95
50-Day Range
$36.58
$48.53
52-Week Range
$36.31
$75.00
Volume
113,281 shs
Average Volume
135,954 shs
Market Capitalization
$931.50 million
P/E Ratio
70.31
Dividend Yield
1.19%
Price Target
$61.00
30 days | 90 days | 365 days | Advanced Chart

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ASTE Stock Forecast (MarketRank)

Overall MarketRank

2.67 out of 5 stars

Industrial Products Sector

68th out of 257 stocks

Construction Machinery Industry

5th out of 8 stocks

Analyst Opinion: 3.3Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
Astec Industries logo

About Astec Industries (NASDAQ:ASTE)

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services. This segment provides its products to asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, contractors in the construction and demolition recycling markets, and governmental agencies. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. Astec Industries, Inc. was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

ASTE Stock News Headlines

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Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Current Symbol
NASDAQ:ASTE
CUSIP
04622410
Employees
4,041
Year Founded
1972

Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Today
7/01/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$61.00
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+49.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
2 Analysts

Profitability

Net Income
$17.80 million
Pretax Margin
1.11%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$2.69 per share
Book Value
$28.76 per share

Miscellaneous

Free Float
22,607,000
Market Cap
$931.50 million
Optionable
Optionable
Beta
1.28

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Astec Industries Frequently Asked Questions

Should I buy or sell Astec Industries stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Astec Industries stock.
View analyst ratings for Astec Industries
or view top-rated stocks.

What is Astec Industries' stock price forecast for 2022?

2 brokerages have issued 1 year price targets for Astec Industries' shares. Their ASTE stock forecasts range from $40.00 to $82.00. On average, they expect Astec Industries' stock price to reach $61.00 in the next twelve months. This suggests a possible upside of 49.6% from the stock's current price.
View analysts' price targets for Astec Industries
or view top-rated stocks among Wall Street analysts.

How has Astec Industries' stock price performed in 2022?

Astec Industries' stock was trading at $69.27 at the start of the year. Since then, ASTE stock has decreased by 41.1% and is now trading at $40.78.
View the best growth stocks for 2022 here
.

When is Astec Industries' next earnings date?

Astec Industries is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Astec Industries
.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Wednesday, May, 4th. The industrial products company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.24. The industrial products company had revenue of $291.20 million for the quarter, compared to analyst estimates of $286.56 million. Astec Industries had a net margin of 1.20% and a trailing twelve-month return on equity of 4.74%. The business's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 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 Wednesday, May 4th. Investors of record on Friday, May 13th will be given a dividend of $0.12 per share on Friday, May 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 12th.
View Astec Industries' dividend history
.

Is Astec Industries a good dividend stock?

Astec Industries(NASDAQ:ASTE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.19%. Astec Industries does not yet have a strong track record of dividend growth. The dividend payout ratio of Astec Industries is 82.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Astec Industries will have a dividend payout ratio of 18.05% next year. This indicates that Astec Industries will be able to sustain or increase its dividend.
View Astec Industries' dividend history.

Who are Astec Industries' key executives?

Astec Industries' management team includes the following people:
  • Mr. Barry A. Ruffalo, Pres, CEO & Director (Age 52, Pay $1.22M)
  • Ms. Rebecca A. Weyenberg, Chief Financial Officer (Age 58, Pay $567.24k)
  • Mr. Anshu Pasricha, Gen. Counsel, Corp. Sec. & Chief Compliance Officer (Age 42, Pay $515.12k)
  • Mr. Jaco van der Merwe, Group Pres of Infrastructure (Age 49, Pay $584.36k)
  • Mr. Timothy A. Averkamp, Group Pres of Materials Solutions Group (Age 50, Pay $534.32k)
  • Ms. Jamie E. Palm, VP, Chief Accounting Officer & Corp. Controller (Age 44)
  • Mr. Matthew T. Litchfield Sr., Chief Information Officer (Age 47) (LinkedIn Profile)
  • Mr. Stephen C. Anderson, Sr. VP of Admin. & Investor Relations (Age 58)
  • Mr. Mark Roth, Sr. VP of Corp. Devel. & Strategy (Age 47)
  • Mr. Gregory G. Oswald, Sr. VP of Global Operational Excellence (Age 57)

What is J. Don Brock's approval rating as Astec Industries' CEO?

7 employees have rated Astec Industries CEO J. Don Brock on Glassdoor.com. J. Don Brock has an approval rating of 100% among Astec Industries' employees. This puts J. Don Brock in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Astec Industries' stock price today?

One share of ASTE stock can currently be purchased for approximately $40.78.

How much money does Astec Industries make?

Astec Industries (NASDAQ:ASTE) has a market capitalization of $931.50 million and generates $1.10 billion in revenue each year. The industrial products company earns $17.80 million in net income (profit) each year or $0.579990 on an earnings per share basis.

How many employees does Astec Industries have?

Astec Industries employs 4,041 workers across the globe.

When was Astec Industries founded?

Astec Industries was founded in 1972.

How can I contact Astec Industries?

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

This page (NASDAQ:ASTE) was last updated on 7/1/2022 by MarketBeat.com Staff

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