Q3 Earnings Forecast for Astec Industries Issued By Sidoti

Astec Industries, Inc. (NASDAQ:ASTE) – Analysts at Sidoti lowered their Q3 2027 earnings estimates for shares of Astec Industries in a research report issued to clients and investors on Tuesday, March 24th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will earn $0.67 per share for the quarter, down from their previous forecast of $0.68.

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

A number of other research firms have also recently commented on ASTE. Longbow Research upgraded Astec Industries to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research upgraded shares of Astec Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Wall Street Zen downgraded shares of Astec Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Astec Industries has an average rating of “Buy”.

Astec Industries Stock Performance

Shares of ASTE stock opened at $52.14 on Thursday. The company has a market capitalization of $1.19 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.01 and a beta of 1.38. The business’s 50 day moving average is $55.01 and its two-hundred day moving average is $49.20. The company has a current ratio of 2.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.47. Astec Industries has a 12-month low of $29.65 and a 12-month high of $64.37.

Astec Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 9th will be issued a $0.13 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Astec Industries’s dividend payout ratio is presently 30.95%.

Insiders Place Their Bets

In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $61.07, for a total value of $59,543.25. Following the transaction, the insider directly owned 8,828 shares of the company’s stock, valued at $539,125.96. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Astec Industries

A number of large investors have recently made changes to their positions in the stock. Amalgamated Bank lifted its position in Astec Industries by 3.4% during the third quarter. Amalgamated Bank now owns 6,736 shares of the industrial products company’s stock worth $324,000 after buying an additional 224 shares in the last quarter. Horizon Investments LLC grew its holdings in Astec Industries by 2.0% in the 3rd quarter. Horizon Investments LLC now owns 12,236 shares of the industrial products company’s stock valued at $587,000 after buying an additional 237 shares in the last quarter. Martin & Co. Inc. TN grew its holdings in Astec Industries by 0.5% in the 3rd quarter. Martin & Co. Inc. TN now owns 80,973 shares of the industrial products company’s stock valued at $3,897,000 after buying an additional 373 shares in the last quarter. Swiss National Bank increased its stake in shares of Astec Industries by 1.5% in the 3rd quarter. Swiss National Bank now owns 39,800 shares of the industrial products company’s stock worth $1,916,000 after acquiring an additional 600 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Astec Industries by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 59,837 shares of the industrial products company’s stock worth $2,495,000 after acquiring an additional 694 shares during the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Astec Industries Company Profile

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.