Astec Industries, Inc. (NASDAQ:ASTE)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $32.03 and last traded at $32.75, with a volume of 8268 shares traded. The stock had previously closed at $34.15.
A number of brokerages have recently weighed in on ASTE. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. BidaskClub raised Astec Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 25th. ValuEngine cut Astec Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Stifel Nicolaus cut Astec Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, William Blair cut Astec Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Astec Industries currently has a consensus rating of “Hold” and a consensus price target of $64.00.
The company has a current ratio of 3.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a market cap of $763.72 million, a PE ratio of 20.57 and a beta of 1.36.
Astec Industries (NASDAQ:ASTE) last announced its earnings results on Tuesday, October 23rd. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). Astec Industries had a positive return on equity of 9.06% and a negative net margin of 0.21%. The business had revenue of $256.60 million for the quarter, compared to analyst estimates of $276.80 million. During the same quarter last year, the company posted ($0.12) EPS. Astec Industries’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts forecast that Astec Industries, Inc. will post 2.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Tuesday, November 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. Astec Industries’s dividend payout ratio (DPR) is 27.85%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Astec Industries during the 3rd quarter worth about $120,000. Amalgamated Bank bought a new position in shares of Astec Industries during the 2nd quarter worth approximately $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Astec Industries during the 2nd quarter worth approximately $242,000. GSA Capital Partners LLP bought a new position in shares of Astec Industries during the 3rd quarter worth approximately $225,000. Finally, Paloma Partners Management Co bought a new position in shares of Astec Industries during the 2nd quarter worth approximately $291,000. Institutional investors and hedge funds own 93.48% of the company’s stock.
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Astec Industries Company Profile (NASDAQ:ASTE)
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.
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