Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Astec Industries, Inc. (NASDAQ:ASTE - Get Rating) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 416,900 shares, a decrease of 12.6% from the July 15th total of 477,200 shares. Based on an average daily volume of 111,300 shares, the short-interest ratio is currently 3.7 days. Approximately 1.9% of the shares of the stock are short sold. Astec Industries Stock Performance
NASDAQ:ASTE traded up $0.59 on Monday, hitting $45.56. 88,047 shares of the stock were exchanged, compared to its average volume of 127,488. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 2,278.00 and a beta of 1.35. Astec Industries has a 52 week low of $36.31 and a 52 week high of $75.00. The company's 50-day moving average price is $43.57 and its 200 day moving average price is $45.14.
Astec Industries (NASDAQ:ASTE - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.33). Astec Industries had a return on equity of 3.72% and a net margin of 0.03%. The business had revenue of $318.20 million for the quarter, compared to the consensus estimate of $308.70 million. During the same period last year, the firm earned $0.49 earnings per share. The company's quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts predict that Astec Industries will post 1.54 earnings per share for the current year. Astec Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Friday, August 12th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. Astec Industries's dividend payout ratio is currently 2,400.00%. Institutional Investors Weigh In On Astec Industries
A number of institutional investors have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in Astec Industries during the second quarter valued at approximately $346,000. Nordea Investment Management AB grew its holdings in shares of Astec Industries by 25.8% in the 2nd quarter. Nordea Investment Management AB now owns 55,759 shares of the industrial products company's stock valued at $2,195,000 after buying an additional 11,446 shares during the period. Franklin Resources Inc. increased its position in shares of Astec Industries by 2,112.4% in the 2nd quarter. Franklin Resources Inc. now owns 665,049 shares of the industrial products company's stock valued at $27,121,000 after buying an additional 634,989 shares in the last quarter. Rhumbline Advisers increased its position in shares of Astec Industries by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 68,658 shares of the industrial products company's stock valued at $2,800,000 after buying an additional 2,137 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Astec Industries during the 2nd quarter worth $246,000. 94.52% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Astec Industries from a "buy" rating to a "hold" rating in a report on Friday, May 13th.About Astec Industries (Get Rating)
Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.Recommended StoriesGet a free copy of the StockNews.com research report on Astec Industries (ASTE)The Five Hottest Calls From The Q2 Earnings Season Here is a Simple 4 Stock Portfolio that Can Outperform the MarketIs AMC Entertainment Pulling a Fast One on the APEs?Here’s How the Inflation Reduction Act Energizes Power StockThe Institutions Trim Holdings Of High-Yielding Foot Locker, Inc
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Astec Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Astec Industries wasn't on the list.
While Astec Industries currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
David McNatt discusses ESG investing and offers ways to avoid pitfalls and to understand exactly what kinds of companies you are buying.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.