Sidoti Equities Analysts Lift Earnings Estimates for ASTE

Astec Industries, Inc. (NASDAQ:ASTE) – Stock analysts at Sidoti boosted their Q2 2027 earnings per share (EPS) estimates for shares of Astec Industries in a report released on Thursday, May 14th. Sidoti analyst S. Ferazani now expects that the industrial products company will post earnings per share of $1.17 for the quarter, up from their prior forecast of $1.15. The consensus estimate for Astec Industries’ current full-year earnings is $3.63 per share. Sidoti also issued estimates for Astec Industries’ Q3 2027 earnings at $0.79 EPS.

Other equities research analysts also recently issued reports about the stock. Freedom Capital upgraded shares of Astec Industries to a “strong-buy” rating in a research note on Wednesday, April 1st. Weiss Ratings downgraded Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Zacks Research downgraded Astec Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Longbow Research upgraded shares of Astec Industries to a “strong-buy” rating in a report on Monday, March 16th. Finally, Wall Street Zen downgraded shares of Astec Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Astec Industries Stock Up 1.7%

NASDAQ:ASTE opened at $49.89 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.54. Astec Industries has a twelve month low of $36.43 and a twelve month high of $65.69. The company has a market cap of $1.15 billion, a PE ratio of 44.54, a P/E/G ratio of 1.93 and a beta of 1.47. The company’s 50 day moving average is $56.22 and its two-hundred day moving average is $51.42.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The business had revenue of $396.30 million for the quarter, compared to analyst estimates of $393.24 million.

Astec Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Astec Industries’s dividend payout ratio is presently 46.43%.

Insider Buying and Selling at Astec Industries

In other news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the firm’s 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 transaction, the insider directly owned 8,828 shares of the company’s stock, valued at approximately $539,125.96. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ASTE. Royal Bank of Canada grew its position in shares of Astec Industries by 15.6% in the first quarter. Royal Bank of Canada now owns 65,654 shares of the industrial products company’s stock valued at $2,262,000 after purchasing an additional 8,847 shares in the last quarter. AQR Capital Management LLC acquired a new position in Astec Industries during the first quarter worth $1,526,000. Millennium Management LLC boosted its stake in Astec Industries by 188.2% during the first quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company’s stock worth $5,111,000 after buying an additional 96,883 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Astec Industries by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,577 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 1,358 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Astec Industries by 2.9% in the 1st quarter. Jane Street Group LLC now owns 46,566 shares of the industrial products company’s stock worth $1,604,000 after acquiring an additional 1,305 shares during the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

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.