Q1 EPS Forecast for Astec Industries Increased by Analyst

Astec Industries, Inc. (NASDAQ:ASTE) – Stock analysts at Sidoti raised their Q1 2027 earnings per share estimates for Astec Industries in a report released on Tuesday, March 24th. Sidoti analyst S. Ferazani now forecasts that the industrial products company will post earnings per share of $1.06 for the quarter, up from their previous forecast of $1.05. Sidoti also issued estimates for Astec Industries’ Q4 2027 earnings at $1.46 EPS.

ASTE has been the subject of several other research reports. Wall Street Zen raised shares of Astec Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Longbow Research raised shares of Astec Industries to a “strong-buy” rating in a research note on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a report on Monday, December 29th. Finally, Zacks Research upgraded Astec Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Astec Industries Trading Up 2.4%

Shares of Astec Industries stock opened at $53.80 on Wednesday. The firm has a market capitalization of $1.23 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38. The company has a current ratio of 2.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $54.74 and its 200 day moving average is $49.10. Astec Industries has a 1 year low of $29.65 and a 1 year high of $64.37.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.74 by $0.32. The firm had revenue of $400.60 million during the quarter, compared to the consensus estimate of $374.21 million. Astec Industries had a return on equity of 11.35% and a net margin of 2.75%.

Institutional Trading of Astec Industries

Institutional investors have recently modified their holdings of the business. Amalgamated Bank increased its holdings in Astec Industries by 3.4% in the third quarter. Amalgamated Bank now owns 6,736 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 224 shares during the period. Horizon Investments LLC lifted its holdings in Astec Industries by 2.0% during the 3rd quarter. Horizon Investments LLC now owns 12,236 shares of the industrial products company’s stock worth $587,000 after buying an additional 237 shares during the period. Martin & Co. Inc. TN lifted its holdings in Astec Industries by 0.5% during the 3rd quarter. Martin & Co. Inc. TN now owns 80,973 shares of the industrial products company’s stock worth $3,897,000 after buying an additional 373 shares during the period. Swiss National Bank grew its position in shares of Astec Industries by 1.5% in the 3rd quarter. Swiss National Bank now owns 39,800 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 600 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Astec Industries by 1.2% in the second quarter. Legal & General Group Plc now owns 59,837 shares of the industrial products company’s stock valued at $2,495,000 after buying an additional 694 shares during the period. Institutional investors own 93.16% of the company’s stock.

Insiders Place Their Bets

In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $61.07, for a total transaction of $59,543.25. Following the sale, the insider directly owned 8,828 shares of the company’s stock, valued at $539,125.96. The trade was a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.99% of the stock is owned by insiders.

Astec Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 9th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 9th. This represents a $0.52 annualized dividend and a yield of 1.0%. Astec Industries’s dividend payout ratio (DPR) is currently 30.95%.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.