Astec Industries Inc. (NASDAQ: ASTE) is 7.19% higher on its value in year-to-date trading and has touched a low of $25.17 and a high of $49.18 in the current 52-week trading range. The ASTE stock was last observed hovering at around $44.61 in the last trading session, with the day’s gains setting it 0.41% off its average median price target of $42.00 for the next 12 months. It is also 22.38% off the consensus price target high of $58.00 offered by 4 analysts, but current levels are -9.8% lower than the price target low of $41.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $45.02, the stock is -0.34% and 8.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.92% at the moment leaves the stock 17.50% off its SMA200. ASTE registered 38.27% gain for a year compared to 6-month gain of 6.86%. The firm has a 50-day simple moving average (SMA 50) of $42.80 and a 200-day simple moving average (SMA200) of $40.20.
The stock witnessed a 5.98% loss in the last 1 month and extending the period to 3 months gives it a 38.18%, and is -0.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.14% over the week and 4.17% over the month.
Astec Industries Inc. (ASTE) has around 3753 employees, a market worth around $1.03B and $1.13B in sales. Current P/E ratio is 35.79 and Fwd P/E is 28.68. Profit margin for the company is 2.50%. Distance from 52-week low is 78.86% and -8.46% from its 52-week high. The company has generated returns on investments over the last 12 months (3.70%).
Astec Industries Inc. (ASTE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Astec Industries Inc. (ASTE) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.50, where 3 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Astec Industries Inc. quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $228.97M over the same period.The EPS is expected to grow by 138.00% this year, but quarterly earnings will post -13.70% year-over-year.
Astec Industries Inc. (ASTE) Top Institutional Holders
222 institutions hold shares in Astec Industries Inc. (ASTE), with 425.29k shares held by insiders accounting for 1.88% while institutional investors hold 100.69% of the company’s shares. The shares outstanding are 22.55M, and float is at 22.16M with Short Float at 4.19%. Institutions hold 98.79% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.41 million shares valued at $119.25 million. The investor’s holdings represent 15.10% of the ASTE Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.32 million shares valued at $81.1 million to account for 10.27% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 1.81 million shares representing 8.03% and valued at over $63.4 million, while Gamco Investors Inc holds 5.63% of the shares totaling 1.27 million with a market value of $44.45 million.
Astec Industries Inc. (ASTE) Insider Activity
A total of 33 insider transactions have happened at Astec Industries Inc. (ASTE) in the last six months, with sales accounting for 5 and purchases happening 28 times. The most recent transaction is an insider purchase by Weyenberg Rebecca A, the company’s Chief Financial Officer. SEC filings show that Weyenberg Rebecca A bought 50 shares of the company’s common stock on May 18 at a price of $39.37 per share for a total of $1969.0. Following the purchase, the insider now owns 13907.0 shares.
Astec Industries Inc. disclosed in a document filed with the SEC on Aug 29 that ANDERSON STEPHEN C (VP-Administration & Corp Sec) bought a total of 2,200 shares of the company’s common stock. The trade occurred on Aug 29 and was made at $27.75 per share for $61048.0. Following the transaction, the insider now directly holds 5516.0 shares of the ASTE stock.
Still, SEC filings show that on Aug 22, Merwe Jaco van der (Group President-Infrastructure) acquired 2,000 shares at an average price of $28.00 for $56000.0. The insider now directly holds 6,579 shares of Astec Industries Inc. (ASTE).
Astec Industries Inc. (ASTE): Who are the competitors?
The company’s main competitors (and peers) include Taylor Devices Inc. (TAYD) that is trading -15.71% down over the past 12 months. The Manitowoc Company Inc. (MTW) is -38.20% down on the 1-year trading charts. Short interest in the company’s stock has risen 3.53% from the last report on May 14, 2020 to stand at a total of 0.9 million short shares sold with a short interest ratio of 5.56.