Astec Industries, Inc. (NASDAQ:ASTE) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $68.50.

Separately, BidaskClub downgraded Astec Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Astec Industries by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,110 shares of the industrial products company’s stock worth $129,000 after buying an additional 40 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Astec Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the industrial products company’s stock worth $480,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Astec Industries by 1.0% in the first quarter. Arizona State Retirement System now owns 9,966 shares of the industrial products company’s stock worth $613,000 after buying an additional 100 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Astec Industries by 7.0% in the first quarter. Acrospire Investment Management LLC now owns 2,789 shares of the industrial products company’s stock worth $172,000 after buying an additional 183 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in shares of Astec Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,473 shares of the industrial products company’s stock worth $275,000 after buying an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.

Astec Industries (ASTE) traded up 0.22% on Tuesday, hitting $55.65. The company had a trading volume of 28,265 shares. The stock has a market cap of $1.28 billion, a P/E ratio of 24.62 and a beta of 1.11. Astec Industries has a 12-month low of $52.08 and a 12-month high of $73.37. The firm’s 50 day moving average price is $56.61 and its 200 day moving average price is $62.99.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $318.40 million during the quarter, compared to analyst estimates of $291.51 million. Astec Industries had a net margin of 4.43% and a return on equity of 8.09%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. Equities analysts predict that Astec Industries will post $2.67 earnings per share for the current fiscal year.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

Analyst Recommendations for Astec Industries (NASDAQ:ASTE)

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