Astec Industries, Inc. (NASDAQ:ASTE) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $61.50.
A number of brokerages have commented on ASTE. Stifel Nicolaus downgraded Astec Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded Astec Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. William Blair downgraded Astec Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 23rd. BidaskClub downgraded Astec Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Astec Industries during the 3rd quarter worth about $120,000. Amalgamated Bank bought a new stake in shares of Astec Industries during the 2nd quarter worth about $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Astec Industries during the 2nd quarter worth about $242,000. GSA Capital Partners LLP bought a new stake in shares of Astec Industries during the 3rd quarter worth about $225,000. Finally, Paloma Partners Management Co bought a new stake in shares of Astec Industries during the 2nd quarter worth about $291,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.
NASDAQ:ASTE opened at $35.34 on Friday. The company has a current ratio of 3.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. Astec Industries has a 1-year low of $32.51 and a 1-year high of $64.80. The firm has a market cap of $811.14 million, a P/E ratio of 22.37 and a beta of 1.39.
Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). Astec Industries had a negative net margin of 0.21% and a positive return on equity of 9.06%. The firm had revenue of $256.60 million during the quarter, compared to analysts’ expectations of $276.80 million. During the same quarter last year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that Astec Industries will post 2.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Tuesday, November 13th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. Astec Industries’s dividend payout ratio (DPR) is currently 27.85%.
About Astec Industries
Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments.
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