NASDAQ:ASTE

Astec Industries (ASTE) Stock Price, News & Analysis

$33.77
-8.03 (-19.21%)
(As of 05/1/2024 ET)
Today's Range
$32.25
$35.13
50-Day Range
$33.77
$44.45
52-Week Range
$28.97
$56.33
Volume
626,626 shs
Average Volume
135,852 shs
Market Capitalization
$768.03 million
P/E Ratio
22.97
Dividend Yield
1.54%
Price Target
$46.00

Astec Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
36.2% Upside
$46.00 Price Target
Short Interest
Healthy
1.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.01mentions of Astec Industries in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.24%
From $2.90 to $3.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.44 out of 5 stars

Industrial Products Sector

76th out of 152 stocks

Construction Machinery Industry

4th out of 5 stocks

ASTE stock logo

About Astec Industries Stock (NASDAQ:ASTE)

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. 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; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government 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. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

ASTE Stock Price History

ASTE Stock News Headlines

The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Astec Industries Q1 Profit Decreases, misses estimates
Astec Reports First Quarter 2024 Results
The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Astec Industries earnings: here's what Wall Street expects
Astec Announces Quarterly Dividend
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 3/29 Dividend
3/08/2024
Dividend Payable
3/29/2024
Today
5/02/2024
Ex-Dividend for 5/31 Dividend
5/10/2024
Dividend Payable
5/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Current Symbol
NASDAQ:ASTE
CUSIP
04622410
Employees
4,322
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$46.00
High Stock Price Target
$50.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+36.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$33.50 million
Pretax Margin
3.20%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$3.00 per share
Book Value
$28.75 per share

Miscellaneous

Free Float
22,584,000
Market Cap
$768.03 million
Optionable
Optionable
Beta
1.38

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Key Executives

  • Mr. Jaco G. van der Merwe (Age 51)
    CEO, President & Director
    Comp: $1.99M
  • Ms. Rebecca A. Weyenberg (Age 60)
    Advisor
    Comp: $1.14M
  • Mr. Timothy A. Averkamp (Age 52)
    Group President of Materials Solutions Group
    Comp: $511.02k
  • Mr. Michael Norris (Age 55)
    Group President of Materials Solutions and Senior VP of International & Aftermarket Sales
    Comp: $746.4k
  • Barend Snyman
    Group President of Infrastructure
  • Mr. Heinrich Jonker
    Interim Chief Financial Officer
  • Ms. Jamie E. Palm (Age 45)
    VP, Chief Accounting Officer & Corporate Controller
  • Mr. Siddharth Verma (Age 44)
    CTO and President of Digital & Innovation
  • Mr. Stephen C. Anderson (Age 60)
    Senior VP of Administration, Investor Relations & Corporate Secretary
    Comp: $410.38k
  • Ms. Aletheia D. Silcott (Age 41)
    Global Vice President of Human Resources

ASTE Stock Analysis - Frequently Asked Questions

Should I buy or sell Astec Industries stock right now?

2 Wall Street equities 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 equities research analysts is that investors should "moderate buy" ASTE shares.
View ASTE analyst ratings
or view top-rated stocks.

What is Astec Industries' stock price target for 2024?

2 Wall Street analysts have issued 1 year target prices for Astec Industries' shares. Their ASTE share price targets range from $42.00 to $50.00. On average, they predict the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 36.2% from the stock's current price.
View analysts price targets for ASTE
or view top-rated stocks among Wall Street analysts.

How have ASTE shares performed in 2024?

Astec Industries' stock was trading at $37.20 at the beginning of 2024. Since then, ASTE stock has decreased by 9.2% and is now trading at $33.77.
View the best growth stocks for 2024 here
.

Are investors shorting Astec Industries?

Astec Industries saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 418,400 shares, an increase of 9.1% from the March 31st total of 383,600 shares. Based on an average trading volume of 128,800 shares, the short-interest ratio is currently 3.2 days. Currently, 1.9% of the company's shares are sold short.
View Astec Industries' Short Interest
.

When is Astec Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ASTE earnings forecast
.

How were Astec Industries' earnings last quarter?

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Wednesday, February, 28th. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.28. The industrial products company had revenue of $337.20 million for the quarter, compared to analyst estimates of $332.33 million. Astec Industries had a trailing twelve-month return on equity of 9.46% and a net margin of 2.50%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share.

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

Astec Industries declared a quarterly dividend on Monday, April 29th. Investors of record on Monday, May 13th will be given a dividend of $0.13 per share on Friday, May 31st. This represents a $0.52 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, May 10th.
Read our dividend analysis for ASTE
.

Is Astec Industries a good dividend stock?

Astec Industries (NASDAQ:ASTE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.21%. The dividend payout ratio is 35.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASTE will have a dividend payout ratio of 16.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTE.

What ETFs hold Astec Industries' stock?

ETFs with the largest weight of Astec Industries (NASDAQ:ASTE) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR).Invesco S&P SmallCap Value with Momentum ETF (XSVM).

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

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.

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' major shareholders?

Astec Industries' stock is owned by many different retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.41%), Peregrine Capital Management LLC (0.55%), Principal Financial Group Inc. (0.52%), Assenagon Asset Management S.A. (0.29%), New York State Teachers Retirement System (0.19%) and BNP Paribas Financial Markets (0.07%).
View institutional ownership trends
.

How do I buy shares of Astec Industries?

Shares of ASTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ASTE) was last updated on 5/2/2024 by MarketBeat.com Staff

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