Sidoti Research Analysts Lift Earnings Estimates for ASTE

Astec Industries, Inc. (NASDAQ:ASTE) – Investment analysts at Sidoti raised their Q2 2027 earnings estimates for Astec Industries in a research report issued on Thursday, May 14th. Sidoti analyst S. Ferazani now expects that the industrial products company will earn $1.17 per share for the quarter, up from their prior forecast of $1.15. The consensus estimate for Astec Industries’ current full-year earnings is $3.63 per share. Sidoti also issued estimates for Astec Industries’ Q3 2027 earnings at $0.79 EPS.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The company had revenue of $396.30 million for the quarter, compared to the consensus estimate of $393.24 million.

A number of other research analysts have also recently weighed in on the company. Freedom Capital raised Astec Industries to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings lowered shares of Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Longbow Research upgraded shares of Astec Industries to a “strong-buy” rating in a report on Monday, March 16th. Wall Street Zen downgraded shares of Astec Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research cut Astec Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Astec Industries currently has an average rating of “Buy”.

Astec Industries Trading Up 1.7%

Shares of NASDAQ:ASTE opened at $49.89 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.00 and a current ratio of 2.34. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 1.93 and a beta of 1.47. The stock’s 50-day simple moving average is $56.22 and its two-hundred day simple moving average is $51.42. Astec Industries has a 52-week low of $36.43 and a 52-week high of $65.69.

Astec Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Astec Industries’s dividend payout ratio (DPR) is currently 46.43%.

Insider Buying and Selling

In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total value of $59,543.25. Following the completion of the sale, the insider directly owned 8,828 shares in the company, valued at approximately $539,125.96. This represents a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Astec Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. iSAM Funds UK Ltd purchased a new position in shares of Astec Industries in the 3rd quarter valued at $50,000. Farther Finance Advisors LLC lifted its position in shares of Astec Industries by 8,994.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Astec Industries by 412.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock valued at $92,000 after buying an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Astec Industries in the 4th quarter valued at about $127,000. Finally, SG Americas Securities LLC purchased a new position in shares of Astec Industries in the 3rd quarter worth approximately $136,000. 93.16% of the stock is currently owned by institutional investors.

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.