Astec Industries (NASDAQ:ASTE) Releases Quarterly Earnings Results, Misses Estimates By $0.34 EPS

Astec Industries (NASDAQ:ASTE) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34), FiscalAI reports. 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 during the quarter, compared to analyst estimates of $393.24 million.

Here are the key takeaways from Astec Industries’ conference call:

• Positive Sentiment: Net sales grew ~20.3% YoY (trailing?12 sales ~ $1.47B) and backlog increased to $549M (+36% YoY) with book?to?bill over 100%, driven by organic demand and the TerraSource and CWMF acquisitions.
• Negative Sentiment: Q1 profitability was pressured — adjusted EBITDA was $30.3M (7.6% margin) and operating adjusted EBITDA declined YoY as higher CONEXPO/exhibit costs, tariffs, freight/duties, and mix/timing reduced margins (~310 bps decline for the quarter).
• Positive Sentiment: Strong cash generation and liquidity — Q1 free cash flow of $32.6M, cash + available credit = $267.5M, and net debt/adjusted EBITDA ~2.3x (within 1.5–2.5x target), supporting continued M&A and investment capacity.
• Positive Sentiment: Integration of recent acquisitions (TerraSource and CWMF) is progressing well with finance and sales alignment complete and early synergies materializing—CWMF synergies are coming faster and TSG synergies are expected over the next 12 months.
• Positive Sentiment: Management reaffirmed full?year adjusted EBITDA guidance of $170M–$190M, citing stable federal/state infrastructure funding, growing demand from data centers/onshoring, and aftermarket parts/service expansion; more detail will be provided at the May 13 Investor Day.

Astec Industries Stock Down 0.5%

Shares of NASDAQ ASTE traded down $0.28 during trading on Friday, hitting $52.72. The stock had a trading volume of 64,112 shares, compared to its average volume of 217,646. Astec Industries has a 12 month low of $36.43 and a 12 month high of $65.69. The company has a market capitalization of $1.21 billion, a PE ratio of 47.10, a PEG ratio of 2.03 and a beta of 1.47. The firm has a fifty day moving average of $57.35 and a two-hundred day moving average of $51.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.07.

Astec Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.52 annualized dividend and a yield of 1.0%. Astec Industries’s dividend payout ratio (DPR) is 30.95%.

Insiders Place Their Bets

In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of Astec Industries stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $61.07, for a total value of $59,543.25. Following the sale, the insider owned 8,828 shares of the company’s stock, valued at approximately $539,125.96. The trade was a 9.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. iSAM Funds UK Ltd purchased a new position in shares of Astec Industries in the third quarter valued at $50,000. Tower Research Capital LLC TRC grew its stake in Astec Industries by 412.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Astec Industries in the fourth quarter worth $127,000. Quadrant Capital Group LLC purchased a new position in Astec Industries during the third quarter worth about $203,000. Finally, State of Wyoming bought a new stake in shares of Astec Industries during the 2nd quarter valued at about $206,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ASTE shares. Zacks Research cut shares of Astec Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of Astec Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Longbow Research upgraded shares of Astec Industries to a “strong-buy” rating in a research report on Monday, March 16th. Finally, Freedom Capital upgraded Astec Industries to a “strong-buy” rating in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

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.