Q1 Earnings Forecast for Astec Industries Issued By Sidoti

Astec Industries, Inc. (NASDAQ:ASTE) – Equities research analysts at Sidoti lifted their Q1 2027 earnings estimates for shares of Astec Industries in a research report issued to clients and investors on Tuesday, March 24th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will earn $1.06 per share for the quarter, up from their previous forecast of $1.05. Sidoti also issued estimates for Astec Industries’ Q4 2027 earnings at $1.46 EPS.

Other analysts have also issued reports about the company. Zacks Research raised Astec Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Wall Street Zen upgraded Astec Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Longbow Research raised shares of Astec Industries to a “strong-buy” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astec Industries in a report on Monday, December 29th. Two equities research 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 company has an average rating of “Buy”.

Astec Industries Price Performance

Shares of Astec Industries stock opened at $54.87 on Wednesday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 32.66, a PEG ratio of 2.03 and a beta of 1.38. The business has a 50 day simple moving average of $54.87 and a two-hundred day simple moving average of $49.14. Astec Industries has a 12 month low of $29.65 and a 12 month high of $64.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.49 and a quick ratio of 1.07.

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

Institutional Trading of Astec Industries

Several large investors have recently added to or reduced their stakes in ASTE. Teacher Retirement System of Texas boosted its position in shares of Astec Industries by 190.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 14,234 shares of the industrial products company’s stock valued at $685,000 after acquiring an additional 9,332 shares during the last quarter. Geode Capital Management LLC increased its position in Astec Industries by 2.0% during the second quarter. Geode Capital Management LLC now owns 578,228 shares of the industrial products company’s stock worth $24,109,000 after purchasing an additional 11,365 shares during the last quarter. Advisors Asset Management Inc. increased its position in Astec Industries by 8.3% during the second quarter. Advisors Asset Management Inc. now owns 122,749 shares of the industrial products company’s stock worth $5,117,000 after purchasing an additional 9,456 shares during the last quarter. American Century Companies Inc. raised its stake in Astec Industries by 49.4% during the second quarter. American Century Companies Inc. now owns 539,935 shares of the industrial products company’s stock worth $22,510,000 after purchasing an additional 178,545 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Astec Industries during the second quarter worth about $245,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Astec Industries

In related news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total value of $59,543.25. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.99% of the company’s stock.

Astec Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 9th will be given a $0.13 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.9%. Astec Industries’s dividend payout ratio is 30.95%.

Astec Industries Company Profile

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.