Astec Industries, Inc. (NASDAQ:ASTE) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $41.00.

A number of brokerages have weighed in on ASTE. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. ValuEngine raised Astec Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 27th.

ASTE traded down $0.95 during trading hours on Wednesday, reaching $28.36. 111,497 shares of the company’s stock traded hands, compared to its average volume of 187,681. The company’s 50-day moving average price is $31.32. Astec Industries has a 52-week low of $27.86 and a 52-week high of $52.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.21 and a quick ratio of 1.13. The firm has a market capitalization of $639.09 million, a price-to-earnings ratio of 9.71 and a beta of 1.44.

Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). Astec Industries had a negative net margin of 0.20% and a positive return on equity of 7.07%. The business had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $299.96 million. During the same quarter in the previous year, the firm earned $1.03 EPS. Astec Industries’s revenue was down 12.2% compared to the same quarter last year. Sell-side analysts forecast that Astec Industries will post 2.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Monday, August 12th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 9th. Astec Industries’s dividend payout ratio (DPR) is presently 15.07%.

A number of hedge funds and other institutional investors have recently modified their holdings of ASTE. Norges Bank bought a new stake in Astec Industries during the 4th quarter valued at $8,478,000. Gamco Investors INC. ET AL raised its position in Astec Industries by 9.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,350,011 shares of the industrial products company’s stock valued at $43,956,000 after purchasing an additional 122,125 shares in the last quarter. Morgan Stanley raised its position in Astec Industries by 162.0% during the 2nd quarter. Morgan Stanley now owns 177,993 shares of the industrial products company’s stock valued at $5,795,000 after purchasing an additional 110,057 shares in the last quarter. John G Ullman & Associates Inc. raised its position in Astec Industries by 73.2% during the 1st quarter. John G Ullman & Associates Inc. now owns 129,200 shares of the industrial products company’s stock valued at $4,878,000 after purchasing an additional 54,600 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in Astec Industries during the 1st quarter valued at $1,592,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Astec Industries Company Profile

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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