Astec Industries Inc. (NASDAQ:ASTE) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $53.17.
ASTE has been the topic of several recent research reports. Seaport Global Securities downgraded Astec Industries from an “accumulate” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, July 6th. BB&T Corp. reiterated a “hold” rating on shares of Astec Industries in a research report on Tuesday, July 12th. Zacks Investment Research downgraded Astec Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Robert W. Baird downgraded Astec Industries from an “outperform” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their target price on Astec Industries from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th.
In other news, CFO David C. Silvious sold 1,076 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $59.98, for a total value of $64,538.48. Following the completion of the sale, the chief financial officer now owns 1,070 shares in the company, valued at $64,178.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stephen C. Anderson sold 1,070 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $60.59, for a total value of $64,831.30. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of ASTE. PineBridge Investments L.P. raised its stake in Astec Industries by 4.6% in the second quarter. PineBridge Investments L.P. now owns 2,396 shares of the company’s stock worth $134,000 after buying an additional 105 shares during the period. Teacher Retirement System of Texas raised its stake in Astec Industries by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 2,727 shares of the company’s stock worth $153,000 after buying an additional 336 shares during the period. BlackRock Inc. raised its stake in Astec Industries by 153.9% in the second quarter. BlackRock Inc. now owns 3,263 shares of the company’s stock worth $183,000 after buying an additional 1,978 shares during the period. Mason Street Advisors LLC bought a new stake in Astec Industries during the second quarter worth about $207,000. Finally, AQR Capital Management LLC bought a new stake in Astec Industries during the second quarter worth about $223,000. Institutional investors and hedge funds own 79.16% of the company’s stock.
Astec Industries (NASDAQ:ASTE) traded up 0.31% on Thursday, hitting $58.51. The stock had a trading volume of 68,106 shares. Astec Industries has a one year low of $30.76 and a one year high of $62.75. The stock’s 50 day moving average is $58.24 and its 200 day moving average is $54.45. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 32.33 and a beta of 1.26.
Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Astec Industries had a return on equity of 6.72% and a net margin of 4.18%. The business had revenue of $294.40 million for the quarter, compared to the consensus estimate of $283.44 million. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Analysts anticipate that Astec Industries will post $2.40 earnings per share for the current year.