Sidoti Increases Earnings Estimates for Astec Industries

Astec Industries, Inc. (NASDAQ:ASTE) – Analysts at Sidoti raised their Q1 2027 earnings estimates for Astec Industries in a research report issued on Tuesday, March 24th. Sidoti analyst S. Ferazani now expects that the industrial products company will post earnings per share of $1.06 for the quarter, up from their prior forecast of $1.05. Sidoti also issued estimates for Astec Industries’ Q4 2027 earnings at $1.46 EPS.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.32. Astec Industries had a net margin of 2.75% and a return on equity of 11.35%. The business had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $374.21 million.

ASTE has been the topic of several other reports. Zacks Research raised Astec Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Wall Street Zen raised Astec Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Longbow Research upgraded Astec Industries to a “strong-buy” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astec Industries in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Astec Industries Stock Performance

Shares of ASTE opened at $53.10 on Wednesday. The company has a market capitalization of $1.22 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.49 and a quick ratio of 1.07. Astec Industries has a one year low of $29.65 and a one year high of $64.37. The company’s fifty day moving average price is $54.95 and its 200 day moving average price is $49.17.

Astec Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 9th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 9th. Astec Industries’s dividend payout ratio (DPR) is currently 30.95%.

Insider Activity

In other news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $61.07, for a total transaction of $59,543.25. Following the transaction, the insider owned 8,828 shares in the company, valued at approximately $539,125.96. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Astec Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Astec Industries by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,513,520 shares of the industrial products company’s stock valued at $120,976,000 after acquiring an additional 34,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Astec Industries by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 818,031 shares of the industrial products company’s stock worth $39,372,000 after purchasing an additional 9,174 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Astec Industries by 24.5% during the 3rd quarter. American Century Companies Inc. now owns 672,030 shares of the industrial products company’s stock worth $32,345,000 after purchasing an additional 132,095 shares in the last quarter. Invesco Ltd. increased its position in shares of Astec Industries by 14.9% during the fourth quarter. Invesco Ltd. now owns 586,160 shares of the industrial products company’s stock valued at $25,392,000 after purchasing an additional 75,989 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Astec Industries by 2.0% during the second quarter. Geode Capital Management LLC now owns 578,228 shares of the industrial products company’s stock valued at $24,109,000 after purchasing an additional 11,365 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.