NASDAQ:ASTE - Astec Industries Stock Price, Forecast & News

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

Astec Industries declared a quarterly dividend on Thursday, October 24th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.11 per share on Wednesday, November 27th. This represents a $0.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, November 7th. View Astec Industries' Dividend History.

Astec Industries declared that its Board of Directors has authorized a stock buyback program on Monday, July 30th 2018, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 13.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Astec Industries, Inc. (NASDAQ:ASTE) released its earnings results on Tuesday, October, 29th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.14. The industrial products company had revenue of $255.80 million for the quarter, compared to analyst estimates of $260.24 million. Astec Industries had a positive return on equity of 6.62% and a negative net margin of 0.53%. Astec Industries's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. View Astec Industries' Earnings History.

Astec Industries is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Astec Industries.

3 equities research analysts have issued 1 year target prices for Astec Industries' stock. Their forecasts range from $41.00 to $53.00. On average, they expect Astec Industries' share price to reach $47.00 in the next year. This suggests a possible upside of 21.6% from the stock's current price. View Analyst Price Targets for Astec Industries.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astec Industries in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Astec Industries.

News stories about ASTE stock have been trending extremely negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Astec Industries earned a news impact score of -4.4 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Astec Industries.

Astec Industries saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,280,000 shares, an increase of 18.5% from the January 15th total of 1,080,000 shares. Based on an average daily trading volume, of 162,300 shares, the short-interest ratio is currently 7.9 days. Currently, 5.8% of the company's stock are sold short. View Astec Industries' Current Options Chain.

Some companies that are related to Astec Industries include Caterpillar (CAT), Deere & Company (DE), Cummins (CMI), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Meritor (MTOR), Terex (TEX) and Alamo Group (ALG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Astec Industries investors own include AbbVie (ABBV), Advanced Micro Devices (AMD), NVIDIA (NVDA), Netflix (NFLX), Exxon Mobil (XOM), Roku (ROKU), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Alibaba Group (BABA), Schlumberger (SLB) and AT&T (T).

Astec Industries' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (4.81%), Bank of New York Mellon Corp (3.10%), Victory Capital Management Inc. (2.98%), Investment Counselors of Maryland LLC (2.97%), State Street Corp (2.97%) and Victory Capital Management Inc. (2.75%). Company insiders that own Astec Industries stock include Benjamin G Brock, Jaco Van Der Merwe and Stephen C Anderson. View Institutional Ownership Trends for Astec Industries.

ASTE stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Royce & Associates LP, California Public Employees Retirement System, Bank of America Corp DE, US Bancorp DE, Snow Capital Management LP, Gabelli Funds LLC and Pinebridge Investments L.P.. View Insider Buying and Selling for Astec Industries.

ASTE stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Franklin Resources Inc., Jacobs Levy Equity Management Inc., Mesirow Financial Investment Management Equity Management, Heartland Advisors Inc., Hotchkis & Wiley Capital Management LLC and Goldman Sachs Group Inc.. 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 for 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.

One share of ASTE stock can currently be purchased for approximately $38.65.

Astec Industries has a market capitalization of $871.40 million and generates $1.17 billion in revenue each year. The industrial products company earns $-60,450,000.00 in net income (profit) each year or $2.92 on an earnings per share basis. Astec Industries employs 4,401 workers across the globe.View Additional Information About Astec Industries.

The official website for Astec Industries is http://www.astecindustries.com/.

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]