Media stories about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Astec Industries earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.7638011070768 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

ASTE has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird raised shares of Astec Industries from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $65.00 in a research note on Tuesday, October 3rd. TheStreet downgraded shares of Astec Industries from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $75.00.

Astec Industries (ASTE) opened at $54.53 on Tuesday. The firm has a market cap of $1,259.15, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. Astec Industries has a one year low of $45.70 and a one year high of $73.37.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). Astec Industries had a net margin of 3.27% and a return on equity of 5.89%. The business had revenue of $252.10 million during the quarter, compared to analysts’ expectations of $261.06 million. During the same period in the prior year, the business posted $0.30 EPS. The business’s revenue was up 1.7% on a year-over-year basis. analysts predict that Astec Industries will post 1.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, November 10th. Astec Industries’s dividend payout ratio is presently 23.81%.

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About Astec Industries

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

Insider Buying and Selling by Quarter for Astec Industries (NASDAQ:ASTE)

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