Astec Industries, Inc. (ASTE) To Go Ex-Dividend on May 13th

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Friday, April 24th. Investors of record on Wednesday, May 13th will be paid a dividend of 0.13 per share by the industrial products company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th.

Astec Industries has raised its dividend payment by an average of 0.0%per year over the last three years. Astec Industries has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Astec Industries to earn $3.98 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.1%.

Astec Industries Price Performance

Shares of Astec Industries stock opened at $53.34 on Monday. The firm has a market cap of $1.23 billion, a PE ratio of 47.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.47. Astec Industries has a 12-month low of $36.43 and a 12-month high of $65.69. The company has a quick ratio of 1.00, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $57.35 and its two-hundred day simple moving average is $51.31.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34). The firm had revenue of $396.30 million during the quarter, compared to the consensus estimate of $393.24 million. Astec Industries had a return on equity of 10.09% and a net margin of 1.75%. As a group, equities analysts expect that Astec Industries will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

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

Astec Industries Company Profile

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.