Astec Industries Inc (NASDAQ: ASTE) is 0.74% higher on its value in year-to-date trading and has touched a low of $28.46 and a high of $44.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASTE stock was last observed hovering at around $33.81 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $33.85, the stock is 2.25% and -5.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.12% at the moment leaves the stock -0.57% off its SMA200. ASTE registered 2.61% gain for a year compared to 6-month gain of 0.42%. The firm has a 50-day simple moving average (SMA 50) of $35.779 and a 200-day simple moving average (SMA200) of $34.04345.
The stock witnessed a -7.29% loss in the last 1 month and extending the period to 3 months gives it a 6.61%, and is 7.82% up 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 3.92% over the week and 3.46% over the month.
Astec Industries Inc (ASTE) has around 4322 employees, a market worth around $771.84M and $1.28B in sales. Fwd P/E is 13.33. Profit margin for the company is -0.15%. Distance from 52-week low is 18.94% and -24.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.26%).
with sales reaching $374.1M over the same period.The EPS is expected to shrink by -25.47% this year, but quarterly earnings will post -1.35% year-over-year. Quarterly sales are estimated to grow 10.94% in year-over-year returns.
Astec Industries Inc (ASTE) Top Institutional Holders
241.0 institutions hold shares in Astec Industries Inc (ASTE), with institutional investors hold 97.45% of the company’s shares. The shares outstanding are 22.80M, and float is at 22.38M with Short Float at 2.23%. Institutions hold 96.16% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.02 million shares valued at $119.21 million. The investor’s holdings represent 17.6572% of the ASTE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.57 million shares valued at $76.19 million to account for 11.2855 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 1.75 million shares representing 7.6953% and valued at over $51.95 million, while DIMENSIONAL FUND ADVISORS LP holds 6.7599 of the shares totaling 1.54 million with a market value of $45.64 million.
Astec Industries Inc (ASTE) Insider Activity
The most recent transaction is an insider purchase by Merwe Jaco van der, the company’s Chief Executive Officer. SEC filings show that Merwe Jaco van der bought 2,000 shares of the company’s common stock on May 16 ’24 at a price of $33.70 per share for a total of $67400.0. Following the purchase, the insider now owns 73878.0 shares.
Astec Industries Inc disclosed in a document filed with the SEC on May 08 ’24 that NORRIS MICHAEL PAUL (GROUP PRESIDENT) bought a total of 1,000 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $33.46 per share for $33460.0. Following the transaction, the insider now directly holds 15886.0 shares of the ASTE stock.
