Astec Industries Inc. (NASDAQ:ASTE)’s share price fell 1.4% during trading on Tuesday . The stock traded as low as $57.55 and last traded at $58.03, with a volume of 150,054 shares trading hands. The stock had previously closed at $58.83.

Several brokerages recently commented on ASTE. BB&T Corp. reissued a “hold” rating on shares of Astec Industries in a research note on Tuesday. Seaport Global Securities downgraded shares of Astec Industries from an “accumulate” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Astec Industries from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Monday, June 13th. Stifel Nicolaus increased their price objective on shares of Astec Industries from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, May 17th. Finally, Maxim Group raised their price target on shares of Astec Industries from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Astec Industries presently has a consensus rating of “Buy” and a consensus target price of $49.33.

The stock has a market capitalization of $1.34 billion and a P/E ratio of 37.828. The firm has a 50 day moving average of $55.24 and a 200-day moving average of $46.08.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.06. During the same period in the prior year, the firm earned $0.65 EPS. The company earned $278.70 million during the quarter, compared to analysts’ expectations of $302.55 million. Astec Industries’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that Astec Industries Inc. will post $2.28 EPS for the current year.

In other Astec Industries news, insider Richard A. Patek sold 1,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $53.06, for a total value of $100,814.00. Following the completion of the transaction, the insider now owns 1,763 shares of the company’s stock, valued at approximately $93,544.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard A. Patek sold 1,769 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $53.07, for a total transaction of $93,880.83. Following the completion of the transaction, the insider now directly owns 1,763 shares of the company’s stock, valued at approximately $93,562.41. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Astec Industries by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,343,421 shares of the company’s stock worth $54,678,000 after buying an additional 83,524 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Astec Industries by 11.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,350,000 shares of the company’s stock worth $54,945,000 after buying an additional 136,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Astec Industries by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 594,990 shares of the company’s stock worth $24,217,000 after buying an additional 64,247 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Astec Industries by 4.0% in the fourth quarter. Bank of Montreal Can now owns 234,849 shares of the company’s stock worth $9,559,000 after buying an additional 8,958 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Astec Industries by 6.3% in the fourth quarter. Gabelli Funds LLC now owns 616,300 shares of the company’s stock worth $25,083,000 after buying an additional 36,300 shares during the last quarter.

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface.

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