Astec Industries (ASTE) Stock Price, News & Analysis

2 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 and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ASTE shares.
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2 equities research analysts have issued 12 month target prices for Astec Industries' stock. Their ASTE share price targets range from $42.00 to $50.00. On average, they predict the company's share price to reach $46.00 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
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Astec Industries' stock was trading at $37.20 at the beginning of the year. Since then, ASTE shares have increased by 12.2% and is now trading at $41.73.
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Astec Industries saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 383,600 shares, a decrease of 26.4% from the March 15th total of 521,400 shares. Based on an average daily trading volume, of 129,500 shares, the short-interest ratio is currently 3.0 days. Approximately 1.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ASTE earnings forecast.

Astec Industries will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "8741406".

Astec Industries, Inc. (NASDAQ:ASTE) posted its quarterly earnings data on Wednesday, February, 28th. The industrial products company reported $0.90 EPS 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 net margin of 2.50% and a trailing twelve-month return on equity of 9.46%. The firm's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share.

Astec Industries announced a quarterly dividend on Friday, February 23rd. Stockholders of record on Monday, March 11th will be paid a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, March 8th.
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 1.23%. 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 16.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTE.

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) and iShares U.S. Infrastructure ETF (IFRA).Small Cap US Equity Select ETF (RNSC).

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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Northwest Investment Counselors LLC (0.01%) and GAMMA Investing LLC (0.01%).
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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