Shares of Astec Industries, Inc. (NASDAQ:ASTE) have been given an average rating of “Hold” by the nine analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $61.50.

Several brokerages have recently issued reports on ASTE. Stifel Nicolaus downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded shares of Astec Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. William Blair downgraded shares of Astec Industries from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 23rd. BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th.

A number of institutional investors have recently modified their holdings of ASTE. Vanguard Group Inc. raised its position in Astec Industries by 3.0% in the third quarter. Vanguard Group Inc. now owns 2,067,387 shares of the industrial products company’s stock worth $104,217,000 after acquiring an additional 59,836 shares during the period. Legal & General Group Plc raised its position in Astec Industries by 26.6% in the third quarter. Legal & General Group Plc now owns 54,148 shares of the industrial products company’s stock worth $2,737,000 after acquiring an additional 11,362 shares during the period. Thrivent Financial for Lutherans raised its position in Astec Industries by 19.7% in the third quarter. Thrivent Financial for Lutherans now owns 15,739 shares of the industrial products company’s stock worth $793,000 after acquiring an additional 2,594 shares during the period. MetLife Investment Advisors LLC raised its position in Astec Industries by 53.3% in the third quarter. MetLife Investment Advisors LLC now owns 15,491 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 5,386 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new position in Astec Industries in the third quarter worth approximately $2,663,000. Institutional investors own 93.48% of the company’s stock.

Shares of NASDAQ ASTE traded down $1.63 during midday trading on Friday, hitting $34.15. The stock had a trading volume of 405,054 shares, compared to its average volume of 299,656. The company has a market cap of $813.19 million, a PE ratio of 21.61 and a beta of 1.36. Astec Industries has a 52 week low of $32.51 and a 52 week high of $64.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 3.02.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.29). The firm had revenue of $256.60 million during the quarter, compared to the consensus estimate of $276.80 million. Astec Industries had a positive return on equity of 9.06% and a negative net margin of 0.21%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. On average, analysts forecast that Astec Industries will post 2.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Tuesday, November 13th were given a dividend of $0.11 per share. The ex-dividend date was Friday, November 9th. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. Astec Industries’s dividend payout ratio (DPR) is 27.85%.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments.

Recommended Story: What is a put option?

Analyst Recommendations for Astec Industries (NASDAQ:ASTE)

Receive News & Ratings for Astec Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astec Industries and related companies with MarketBeat.com's FREE daily email newsletter.