Shares of Astec Industries, Inc. (NASDAQ:ASTE) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $41.00.

A number of equities analysts have recently commented on the company. BidaskClub cut Astec Industries from a “buy” rating to a “hold” rating in a report on Friday, June 7th. ValuEngine upgraded Astec Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, July 27th.

NASDAQ:ASTE traded down $0.95 during trading hours on Wednesday, reaching $28.36. The stock had a trading volume of 111,497 shares, compared to its average volume of 187,681. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.21 and a quick ratio of 1.13. Astec Industries has a 52 week low of $27.86 and a 52 week high of $52.88. The company’s 50 day moving average price is $31.32. The company has a market capitalization of $639.09 million, a PE ratio of 9.71 and a beta of 1.44.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $299.96 million. Astec Industries had a positive return on equity of 7.07% and a negative net margin of 0.20%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. Sell-side analysts anticipate that Astec Industries will post 2.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Monday, August 12th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, August 9th. Astec Industries’s dividend payout ratio (DPR) is 15.07%.

Several institutional investors have recently made changes to their positions in ASTE. Geode Capital Management LLC boosted its position in shares of Astec Industries by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 262,739 shares of the industrial products company’s stock valued at $7,931,000 after buying an additional 14,325 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Astec Industries by 17.7% in the fourth quarter. Two Sigma Advisers LP now owns 8,663 shares of the industrial products company’s stock worth $262,000 after buying an additional 1,300 shares during the period. Bank of America Corp DE raised its stake in Astec Industries by 59.8% during the 4th quarter. Bank of America Corp DE now owns 27,652 shares of the industrial products company’s stock valued at $834,000 after purchasing an additional 10,346 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Astec Industries by 302.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,169 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 5,386 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Astec Industries during the 4th quarter valued at approximately $199,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

About Astec Industries

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's Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.

Read More: Calculate Your Return on Investment (ROI)

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.