Astec Industries, Inc. (NASDAQ:ASTE) has earned a consensus rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $67.25.
Several analysts have recently commented on ASTE shares. Robert W. Baird reiterated a “buy” rating and set a $64.00 price objective on shares of Astec Industries in a report on Friday, April 13th. Dougherty & Co upgraded Astec Industries from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Wednesday, February 21st. ValuEngine upgraded Astec Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. BidaskClub lowered Astec Industries from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, William Blair reiterated a “buy” rating on shares of Astec Industries in a report on Tuesday, February 13th.
Astec Industries traded down $0.29, reaching $60.53, during mid-day trading on Friday, MarketBeat.com reports. 842 shares of the company were exchanged, compared to its average volume of 92,085. The firm has a market cap of $1.39 billion, a P/E ratio of 38.49, a P/E/G ratio of 1.77 and a beta of 1.14. Astec Industries has a 12-month low of $45.70 and a 12-month high of $64.80.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Monday, May 14th were paid a $0.10 dividend. The ex-dividend date was Friday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. Astec Industries’s dividend payout ratio (DPR) is 25.32%.
In related news, CEO Benjamin G. Brock sold 11,000 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $54.41, for a total value of $598,510.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Suntrust Banks Inc. raised its stake in Astec Industries by 186.2% in the 1st quarter. Suntrust Banks Inc. now owns 12,032 shares of the industrial products company’s stock worth $663,000 after acquiring an additional 7,828 shares during the last quarter. Principal Financial Group Inc. raised its stake in Astec Industries by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 146,780 shares of the industrial products company’s stock worth $8,099,000 after acquiring an additional 3,501 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in Astec Industries during the 1st quarter worth about $257,000. Segall Bryant & Hamill LLC grew its position in Astec Industries by 2.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 121,259 shares of the industrial products company’s stock worth $6,691,000 after purchasing an additional 2,575 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Astec Industries during the 1st quarter worth about $383,000. Institutional investors own 88.82% of the company’s stock.
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 operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments.
Receive News & Ratings for Astec Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astec Industries and related companies with MarketBeat.com's FREE daily email newsletter.