Astec Industries (NASDAQ:ASTE) Stock Gets Price Target Cut from Freedom Broker

Astec Industries (NASDAQ:ASTE) had its price target decreased by Freedom Broker from $60.00 to $52.00 in a research note released on Monday morning,Benzinga reports. Freedom Broker currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings restated a “hold (c)” rating on shares of Astec Industries in a research note on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Astec Industries Stock Up 1.4%

Shares of Astec Industries stock opened at $37.48 on Monday. The firm has a market cap of $863.54 million, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.30 and a beta of 1.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.31 and a quick ratio of 0.97. Astec Industries has a 52-week low of $35.05 and a 52-week high of $65.69. The stock has a 50-day simple moving average of $40.06 and a 200-day simple moving average of $50.20.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Thursday, November 5th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). Astec Industries had a return on equity of 8.60% and a net margin of 0.74%. The firm had revenue of $352.40 million during the quarter, compared to analyst estimates of $375.47 million. During the same quarter in the prior year, the company posted ($0.18) EPS. On average, equities research analysts expect that Astec Industries will post 2.58 earnings per share for the current fiscal year.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 16th. Astec Industries’s dividend payout ratio is 104.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. bought a new position in shares of Astec Industries in the 3rd quarter valued at approximately $6,266,000. Heartland Advisors Inc. lifted its holdings in Astec Industries by 5.9% in the 3rd quarter. Heartland Advisors Inc. now owns 255,800 shares of the industrial products company’s stock worth $10,293,000 after purchasing an additional 14,210 shares during the last quarter. Ieq Capital LLC lifted its holdings in Astec Industries by 144.5% in the 3rd quarter. Ieq Capital LLC now owns 32,256 shares of the industrial products company’s stock worth $1,298,000 after purchasing an additional 19,064 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Astec Industries during the third quarter worth approximately $7,891,000. Finally, Royce & Associates LP boosted its position in Astec Industries by 30.9% during the third quarter. Royce & Associates LP now owns 244,810 shares of the industrial products company’s stock worth $9,851,000 after purchasing an additional 57,724 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

Key Astec Industries News

Here’s some of the latest news about ASTE:

• Neutral Sentiment: A short-interest report listed 0 shares sold short as of November 10. Although the report describes short interest as having increased, the stated figure indicates no measurable short position.
• Negative Sentiment: Zacks Research downgraded ASTE from “hold” to “strong sell,” a distinctly bearish change in analyst sentiment.
• Negative Sentiment: Sidoti cut its FY2026 EPS estimate to $2.58 from $3.35 and reduced its Q4 2026 estimate to $1.11 from $1.37. It also lowered its FY2027 forecast to $3.56 from $3.84, trimming estimates for Q2, Q3 and Q4 2027. These revisions signal weaker expected earnings, though Sidoti raised its Q1 2027 estimate to $0.81 from $0.72.

About Astec Industries

Astec Industries is a manufacturer of equipment and services for the infrastructure, road construction and aggregate industries. Its products support the production and handling of asphalt, concrete and crushed stone, as well as the construction and maintenance of roads. The company’s offerings include asphalt production plants, roadbuilding equipment, crushers, screens, material washing systems and concrete batch plants. Astec also provides parts, service and other support for its equipment. Founded in 1972 and headquartered in Chattanooga, Tennessee, Astec serves customers in the United States and international markets.