Astec Industries, Inc. (NASDAQ:ASTE) – Stock analysts at William Blair raised their FY2018 EPS estimates for Astec Industries in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. William Blair analyst L. De. Maria now expects that the industrial products company will post earnings of $3.25 per share for the year, up from their prior forecast of $2.70. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Astec Industries’ FY2019 earnings at $4.00 EPS.
Astec Industries (NASDAQ:ASTE) last announced its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The firm had revenue of $252.10 million during the quarter, compared to analyst estimates of $261.06 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year.
A number of other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, December 4th. BidaskClub lowered shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Robert W. Baird raised shares of Astec Industries from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $65.00 in a research report on Tuesday, October 3rd. Finally, TheStreet lowered shares of Astec Industries from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Astec Industries presently has a consensus rating of “Buy” and a consensus price target of $73.33.
Shares of Astec Industries (NASDAQ ASTE) traded up $2.68 on Thursday, hitting $64.29. 204,455 shares of the company’s stock traded hands, compared to its average volume of 221,383. The firm has a market capitalization of $1,480.00, a PE ratio of 38.04, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. Astec Industries has a one year low of $45.70 and a one year high of $73.37.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Astec Industries by 11.8% during the second quarter. Ameritas Investment Partners Inc. now owns 1,870 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 198 shares in the last quarter. Victory Capital Management Inc. raised its position in Astec Industries by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 289 shares in the last quarter. SG Americas Securities LLC raised its position in Astec Industries by 80.7% during the second quarter. SG Americas Securities LLC now owns 3,266 shares of the industrial products company’s stock valued at $181,000 after acquiring an additional 1,459 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Astec Industries by 165.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,094 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in Astec Industries during the second quarter valued at approximately $230,000. 79.93% of the stock is owned by institutional investors and hedge funds.
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Astec Industries Company Profile
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
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