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Astec Industries (ASTE) Stock Price, News & Analysis

Astec Industries logo
$35.99 -0.01 (-0.03%)
(As of 11/20/2024 ET)

About Astec Industries Stock (NASDAQ:ASTE)

Key Stats

Today's Range
$35.40
$36.02
50-Day Range
$30.29
$38.91
52-Week Range
$28.46
$44.74
Volume
94,759 shs
Average Volume
156,644 shs
Market Capitalization
$820.57 million
P/E Ratio
N/A
Dividend Yield
1.44%
Price Target
$38.50
Consensus Rating
Hold

Company Overview

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.

Astec Industries Stock Analysis - MarketRank™

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22nd Percentile Overall Score

ASTE MarketRank™: 

Astec Industries scored higher than 22% of companies evaluated by MarketBeat, and ranked 158th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Astec Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Astec Industries has only been the subject of 1 research reports in the past 90 days.

  • Read more about Astec Industries' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Astec Industries is -449.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Astec Industries is -449.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Astec Industries has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Astec Industries' valuation and earnings.
  • Percentage of Shares Shorted

    1.69% of the float of Astec Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Astec Industries has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Astec Industries has recently decreased by 10.09%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Astec Industries pays a meaningful dividend of 1.42%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Astec Industries does not have a long track record of dividend growth.

  • Read more about Astec Industries' dividend.
  • Percentage of Shares Shorted

    1.69% of the float of Astec Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Astec Industries has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Astec Industries has recently decreased by 10.09%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Astec Industries has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Astec Industries this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Astec Industries insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.70% of the stock of Astec Industries is held by insiders.

  • Percentage Held by Institutions

    93.16% of the stock of Astec Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Astec Industries' insider trading history.
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ASTE Stock News Headlines

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Q3 2024 Astec Industries Inc Earnings Call
Astec Industries Reports Mixed Q3 2024 Results
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ASTE Stock Analysis - Frequently Asked Questions

Astec Industries' stock was trading at $37.20 at the beginning of the year. Since then, ASTE shares have decreased by 3.3% and is now trading at $35.99.
View the best growth stocks for 2024 here
.

Astec Industries, Inc. (NASDAQ:ASTE) released its earnings results on Wednesday, November, 6th. The industrial products company reported $0.31 EPS for the quarter, meeting analysts' consensus estimates of $0.31. Astec Industries's revenue for the quarter was down 3.9% on a year-over-year basis.

Top institutional shareholders of Astec Industries include Victory Capital Management Inc. (7.01%), FMR LLC (3.85%), State Street Corp (3.84%) and Geode Capital Management LLC (2.50%).
View institutional ownership trends
.

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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Based on aggregate information from My MarketBeat watchlists, some other companies that Astec Industries investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX), Tesla (TSLA), JPMorgan Chase & Co. (JPM) and First Solar (FSLR).

Company Calendar

Ex-Dividend for 8/30 Dividend
8/12/2024
Dividend Payable
8/30/2024
Last Earnings
11/06/2024
Ex-Dividend for 11/27 Dividend
11/13/2024
Today
11/21/2024
Dividend Payable
11/27/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/26/2025

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
$38.50
High Stock Price Target
$40.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+7.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$33.50 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$3.74 per share
Book Value
$28.75 per share

Miscellaneous

Free Float
22,642,000
Market Cap
$820.64 million
Optionable
Optionable
Beta
1.26

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This page (NASDAQ:ASTE) was last updated on 11/21/2024 by MarketBeat.com Staff
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