Astec Industries, Inc. (NASDAQ:ASTE) announced a dividend on Thursday, October 24th, Fidelity reports. Shareholders of record on Monday, November 11th will be given a dividend of 0.11 per share by the industrial products company on Wednesday, November 27th. The ex-dividend date of this dividend is Thursday, November 7th.
ASTE traded up $0.82 during trading on Tuesday, reaching $37.34. The stock had a trading volume of 3,069 shares, compared to its average volume of 152,864. The firm has a market capitalization of $809.45 million, a price-to-earnings ratio of 12.69 and a beta of 1.47. Astec Industries has a 1-year low of $26.20 and a 1-year high of $43.26. The stock has a 50 day moving average of $31.68 and a two-hundred day moving average of $31.26.
Astec Industries (NASDAQ:ASTE) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The firm had revenue of $255.80 million during the quarter, compared to analyst estimates of $260.24 million. Astec Industries had a positive return on equity of 6.62% and a negative net margin of 0.53%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. As a group, equities research analysts expect that Astec Industries will post 1.9 earnings per share for the current fiscal year.
In other news, insider Jaco Van Der Merwe bought 2,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $28.00 per share, with a total value of $56,000.00. Following the purchase, the insider now directly owns 6,579 shares in the company, valued at $184,212. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Stephen C. Anderson bought 2,200 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $61,050.00. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. ValuEngine upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Astec Industries from a “hold” rating to a “strong sell” rating and set a $37.00 price objective for the company. in a research report on Thursday, October 31st. William Blair reiterated a “market perform” rating on shares of Astec Industries in a research report on Tuesday, October 29th. BidaskClub upgraded Astec Industries from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Sidoti started coverage on Astec Industries in a research report on Tuesday, October 8th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.00.
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's Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.
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