Astec Industries, Inc. (NASDAQ:ASTE - Get Free Report) declared a quarterly dividend on Monday, February 24th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.13 per share by the industrial products company on Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 10th.
Astec Industries has increased its dividend by an average of 4.9% annually over the last three years. Astec Industries has a payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings.
Astec Industries Stock Performance
Shares of NASDAQ:ASTE traded down $0.18 on Thursday, hitting $35.31. The company's stock had a trading volume of 176,270 shares, compared to its average volume of 192,698. Astec Industries has a 12 month low of $28.46 and a 12 month high of $44.74. The company has a market capitalization of $805.07 million, a price-to-earnings ratio of -441.16 and a beta of 1.31. The stock's 50-day moving average is $33.43 and its two-hundred day moving average is $33.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47.
Astec Industries (NASDAQ:ASTE - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.46. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%. The company had revenue of $359.00 million during the quarter, compared to analysts' expectations of $374.10 million.
Analysts Set New Price Targets
Several research firms have recently issued reports on ASTE. Robert W. Baird increased their price target on Astec Industries from $40.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday. StockNews.com cut Astec Industries from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.
Get Our Latest Analysis on Astec Industries
Astec Industries Company Profile
(
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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.
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