Share on StockTwits

Astec Industries (NASDAQ:ASTE) Insider Richard A. Patek unloaded 6,200 shares of Astec Industries stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $41.52, for a total value of $257,424.00. Following the completion of the sale, the insider now directly owns 6,575 shares of the company’s stock, valued at approximately $272,994. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Zacks downgraded shares of Astec Industries from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 12th. They now have a $37.00 price target on the stock. One analyst has rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.75.

Shares of Astec Industries (NASDAQ:ASTE) traded up 0.12% during mid-day trading on Monday, hitting $41.22. The stock had a trading volume of 65,061 shares. Astec Industries has a 52-week low of $33.23 and a 52-week high of $46.00. The stock’s 50-day moving average is $40.71 and its 200-day moving average is $41.02. The company has a market cap of $944.6 million and a price-to-earnings ratio of 24.51.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $277.30 million for the quarter, compared to the consensus estimate of $264.26 million. During the same quarter last year, the company posted $0.48 earnings per share. Astec Industries’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that Astec Industries will post $1.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, August 8th.

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.