S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:ASTE

Astec Industries (ASTE) Stock Price, News & Analysis

$43.47
+1.20 (+2.84%)
(As of 03/27/2024 ET)
Today's Range
$42.67
$43.54
50-Day Range
$33.81
$43.47
52-Week Range
$28.97
$56.33
Volume
75,211 shs
Average Volume
134,582 shs
Market Capitalization
$988.51 million
P/E Ratio
29.57
Dividend Yield
1.20%
Price Target
$46.00

Astec Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.8% Upside
$46.00 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of Astec Industries in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.61%
From $2.89 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.

2.73 out of 5 stars

Industrial Products Sector

110th out of 163 stocks

Construction Machinery Industry

5th 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

Astec Industries Inc.
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
CAT May 2024 420.000 call
CAT Jun 2024 420.000 call
Astec Industries CFO Rebecca Weyenberg Steps Down
Astec Announces Chief Financial Officer Transition
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
Q4 2023 Astec Industries Inc Earnings Call
Astec Industries Q4 Adj. EPS Tops Estimates, But Net Sales Miss
Astec Reports Fourth Quarter and Full Year 2023 Results
Astec Announces Quarterly Dividend
ASTE Mar 2024 30.000 put
ASTE Mar 2024 35.000 put
GMS Appoints Brad Southern to the Board of Directors
See More Headlines
Receive ASTE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Astec Industries and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 3/29 Dividend
3/08/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/01/2024
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
+5.8%
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
$3.94 per share
Book Value
$28.75 per share

Miscellaneous

Free Float
22,584,000
Market Cap
$988.51 million
Optionable
Optionable
Beta
1.38

Social Links

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

Key Executives

  • Mr. Jaco G. van der Merwe (Age 51)
    CEO, President & Director
    Comp: $746.3k
  • Ms. Rebecca A. Weyenberg (Age 59)
    Chief Financial Officer
    Comp: $792.66k
  • Mr. Timothy A. Averkamp (Age 52)
    Group President of Materials Solutions Group
    Comp: $661.24k
  • 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
  • Mr. Michael Norris (Age 55)
    Group President of Materials Solutions and Senior VP of International & Aftermarket Sales
  • Mr. Ben Snyman (Age 51)
    Group President of Infrastructure
  • Barend Snyman
    Group President of Infrastructure

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 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 5.8% 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 on January 1st, 2024. Since then, ASTE shares have increased by 16.9% and is now trading at $43.47.
View the best growth stocks for 2024 here
.

Are investors shorting Astec Industries?

Astec Industries saw a decrease in short interest in March. As of March 15th, there was short interest totaling 521,400 shares, a decrease of 6.8% from the February 29th total of 559,500 shares. Based on an average trading volume of 132,800 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.3% 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 results 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 the consensus estimate 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 business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS.

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

Astec Industries declared 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 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 8th.
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 1.23%. 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 16.72% 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).iShares U.S. Infrastructure ETF (IFRA).

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 Vanguard Group Inc. (11.44%), Vanguard Group Inc. (11.44%), Victory Capital Management Inc. (8.51%), Dimensional Fund Advisors LP (6.74%), Gamco Investors INC. ET AL (4.97%) and Gabelli Funds LLC (2.38%).
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 3/28/2024 by MarketBeat.com Staff

From Our Partners