Astec Industries (NASDAQ:ASTE) Stock Gets Downgrade from Zacks Research

Astec Industries (NASDAQ:ASTE) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

Several other brokerages also recently issued reports on ASTE. Freedom Broker lowered their price target on Astec Industries from $60.00 to $52.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a report on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Astec Industries Price Performance

ASTE opened at $36.95 on Monday. The stock has a market cap of $851.33 million, a P/E ratio of 73.90, a P/E/G ratio of 1.02 and a beta of 1.37. Astec Industries has a 12 month low of $35.05 and a 12 month high of $65.69. The company has a quick ratio of 0.97, a current ratio of 2.31 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $40.13 and a 200 day simple moving average of $50.25.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Thursday, November 5th. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.48). Astec Industries had a return on equity of 8.60% and a net margin of 0.74%. The business had revenue of $352.40 million for the quarter, compared to the consensus estimate of $375.47 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. On average, research analysts expect that Astec Industries will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Astec Industries during the second quarter worth $25,000. Nykredit A S acquired a new stake in Astec Industries in the 2nd quarter valued at $25,000. Fortitude Family Office LLC increased its stake in Astec Industries by 1,128.8% in the 3rd quarter. Fortitude Family Office LLC now owns 639 shares of the industrial products company’s stock valued at $26,000 after buying an additional 587 shares during the last quarter. Parallel Advisors LLC increased its stake in Astec Industries by 988.4% in the 3rd quarter. Parallel Advisors LLC now owns 751 shares of the industrial products company’s stock valued at $30,000 after buying an additional 682 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Astec Industries in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

More Astec Industries News

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Sidoti forecasts EPS of $4.27 for FY2028, above its FY2027 estimate of $3.56, suggesting expected longer-term earnings growth. Astec Industries analyst estimates
• Neutral Sentiment: Freedom Broker cut its price target to $52 from $60 but maintained a Buy rating; the new target was reported as 40.7% above the referenced $36.95 share price. Freedom Broker ratings
• Neutral Sentiment: A report listed short interest at zero shares, so it showed no measurable short-position overhang; the article’s description of a “significant increase” conflicts with that figure.
• Negative Sentiment: Sidoti cut its FY2026 EPS forecast to $2.58 from $3.35 and its FY2027 estimate to $3.56 from $3.84. It also reduced estimates for Q4 2026 and several 2027 quarters, including Q2 2027 to $1.12 from $1.33. The broad downward revisions are the clearest near-term headwind for ASTE. Astec Industries analyst estimates

Astec Industries Company Profile

Astec Industries is a manufacturer of equipment and services for the infrastructure, road construction and aggregate industries. Its products support the production and handling of asphalt, concrete and crushed stone, as well as the construction and maintenance of roads. The company’s offerings include asphalt production plants, roadbuilding equipment, crushers, screens, material washing systems and concrete batch plants. Astec also provides parts, service and other support for its equipment. Founded in 1972 and headquartered in Chattanooga, Tennessee, Astec serves customers in the United States and international markets.