Media headlines about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astec Industries earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.4029475459197 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Astec Industries traded down $0.11, hitting $60.12, during trading on Wednesday, MarketBeat Ratings reports. 280 shares of the company traded hands, compared to its average volume of 99,182. The firm has a market capitalization of $1.41 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.80 and a beta of 1.14. Astec Industries has a one year low of $45.70 and a one year high of $64.80.
Astec Industries (NASDAQ:ASTE) last posted its earnings results on Tuesday, April 24th. The industrial products company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The company had revenue of $325.50 million during the quarter, compared to analyst estimates of $336.32 million. Astec Industries had a return on equity of 6.09% and a net margin of 3.60%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. sell-side analysts forecast that Astec Industries will post 3.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Monday, May 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, May 11th. Astec Industries’s dividend payout ratio (DPR) is presently 25.32%.
Several brokerages recently weighed in on ASTE. BidaskClub raised Astec Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine lowered Astec Industries from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Stifel Nicolaus lowered their price objective on Astec Industries from $67.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 25th. Robert W. Baird reissued a “buy” rating and issued a $64.00 price objective on shares of Astec Industries in a report on Friday, April 13th. Finally, Dougherty & Co raised Astec Industries from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Astec Industries has an average rating of “Buy” and a consensus price target of $67.25.
In other news, CEO Benjamin G. Brock sold 22,439 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $54.71, for a total transaction of $1,227,637.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
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.
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