Sidoti Research Analysts Reduce Earnings Estimates for ASTE

Astec Industries, Inc. (NASDAQ:ASTE) – Investment analysts at Sidoti dropped their Q3 2027 EPS estimates for Astec Industries in a report released on Tuesday, March 24th. Sidoti analyst S. Ferazani now expects that the industrial products company will earn $0.67 per share for the quarter, down from their prior estimate of $0.68.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.32. The company had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $374.21 million. Astec Industries had a net margin of 2.75% and a return on equity of 11.35%.

Several other equities research analysts have also recently issued reports on the company. Zacks Research raised Astec Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Wall Street Zen raised Astec Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “hold (c)” rating on shares of Astec Industries in a report on Monday, December 29th. Finally, Longbow Research raised Astec Industries to a “strong-buy” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Astec Industries Stock Down 3.2%

ASTE opened at $53.10 on Thursday. The firm has a 50-day simple moving average of $54.95 and a two-hundred day simple moving average of $49.17. Astec Industries has a 52 week low of $29.65 and a 52 week high of $64.37. The company has a market capitalization of $1.22 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.07 and a beta of 1.38. The company has a quick ratio of 1.07, a current ratio of 2.49 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Astec Industries

Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its stake in Astec Industries by 190.4% during the third quarter. Teacher Retirement System of Texas now owns 14,234 shares of the industrial products company’s stock worth $685,000 after buying an additional 9,332 shares during the period. Geode Capital Management LLC raised its stake in shares of Astec Industries by 2.0% in the second quarter. Geode Capital Management LLC now owns 578,228 shares of the industrial products company’s stock valued at $24,109,000 after acquiring an additional 11,365 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Astec Industries by 8.3% in the second quarter. Advisors Asset Management Inc. now owns 122,749 shares of the industrial products company’s stock valued at $5,117,000 after acquiring an additional 9,456 shares during the period. American Century Companies Inc. lifted its holdings in shares of Astec Industries by 49.4% in the 2nd quarter. American Century Companies Inc. now owns 539,935 shares of the industrial products company’s stock worth $22,510,000 after acquiring an additional 178,545 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Astec Industries during the 2nd quarter worth about $245,000. 93.16% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $61.07, for a total value of $59,543.25. Following the completion of the transaction, the insider owned 8,828 shares of the company’s stock, valued at approximately $539,125.96. This trade represents a 9.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Astec Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 9th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, March 9th. Astec Industries’s dividend payout ratio is currently 30.95%.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.