James Baker - Astec Industries Independent Director

ASTE Stock  USD 41.88  0.15  0.36%   

Director

Mr. James B. Baker is Independent Director of the Astec Industries, Inc. James B. Baker was a Managing Partner River Associates Investments, LLC and predecessor entities, a private equity investment fund which partners with management teams in buyouts, divestitures and recapitalizations of lower middle market companies since 2001. From 1993 to 2001, he was a Partner in River Associates, LLC. Mr. Baker was President and Chief Operating Officer and Senior Vice President of CONSTAR International, Inc., a plastics container manufacturer. Mr. Baker also formerly served as a director of Wellman, Inc. and US Xpress. Mr. Baker was a Director of the Company since 2010. Mr. Bakers strong background in all aspects of executing acquisitions, both in the U.S. and internationally, are valuable to the Company. He also has over 30 years of experience in strategic planning and operating decisions for middle market companies in a variety of industries since 2010.
Age 72
Tenure 14 years
Address 1725 Shepherd Road, Chattanooga, TN, United States, 37421
Phone423 899 5898
Webhttps://www.astecindustries.com
Baker, who serves as one of the financial experts of the Company’s Audit Committee, has a financial background and has had a wide range of experience in financial reporting for publiclyowned companies. He has served as an independent director on the audit committees of two public companies, had primary responsibility for the financial reporting of a public company and also worked with several public companies during his career with Arthur Andersen & Co.

Astec Industries Management Efficiency

The company has return on total asset (ROA) of 0.055 % which means that it generated a profit of $0.055 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0526 %, meaning that it created $0.0526 on every $100 dollars invested by stockholders. Astec Industries' management efficiency ratios could be used to measure how well Astec Industries manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.11, whereas Return On Tangible Assets are forecasted to decline to 0.03. At present, Astec Industries' Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 755.5 M, whereas Other Current Assets are forecasted to decline to about 14 M.
The company currently holds 83.1 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Astec Industries has a current ratio of 2.37, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Astec Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Astec Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Astec Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Astec to invest in growth at high rates of return. When we think about Astec Industries' use of debt, we should always consider it together with cash and equity.

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Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. Astec Industries, Inc. was incorporated in 1972 and is headquartered in Chattanooga, Tennessee. Astec Inds operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 4041 people. Astec Industries (ASTE) is traded on NASDAQ Exchange in USA. It is located in 1725 Shepherd Road, Chattanooga, TN, United States, 37421 and employs 4,322 people. Astec Industries is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification.

Management Performance

Astec Industries Leadership Team

Elected by the shareholders, the Astec Industries' board of directors comprises two types of representatives: Astec Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Astec. The board's role is to monitor Astec Industries' management team and ensure that shareholders' interests are well served. Astec Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Astec Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy Gonigam, President of Astec Mobile Screens, Inc.
William Sansom, Lead Independent Director
Thomas Wilkey, President of Heatec, Inc
Gregory Oswald, VP Excellence
Stephen Anderson, VP of Admin., Director of Investor Relations, Compliance Officer and Secretary
Mark Roth, Sr Strategy
William Dorey, Independent Director
Timothy Averkamp, Group Group
Richard Patek, President of the Aggregate and Mining Group
Michael Norris, Group Sales
Tom Kruger, Managing Director of Osborn Engineered Products SA (Pty) Ltd.
Charles Potts, Independent Director
Linda Foreman, IR Contact Officer
Aletheia Silcott, Global Resources
Jamie Palm, Chief VP
Heinrich Jonker, Interim Officer
Chris Colwell, President of Carlson Paving Products, Inc.
Barend Snyman, Group Infrastructure
Glen Tellock, Independent Director
Matthew Haven, President of Telsmith, Inc.
Lawrence Cumming, President of Peterson Pacific Corporate
Benjamin Brock, CEO and President Director and Member of Executive Committee
Michael Bremmer, President of CEI Enterprises, Inc.
Anshu Pasricha, Corp Counsel
Jaco Merwe, Group President-Infrastructure, Group President-Energy
Richard Dorris, COO and Executive VP
Jeffrey Richmond, President of Roadtec, Inc.
Jeffrey May, President of Kolberg-Pioneer, Inc
Donald Sissons, President of Breaker Technology Ltd
Martin Dummigan, Other
W Smith, Vice Chairman of the Board
Mary Howell, Independent Director
Norman Smith, Vice Chairman, Member of Executive Committee and Group President of the Mobile Asphalt Paving Group
Robin Leffew, Corporate Controller
Brad Southern, Director
William Gehl, Independent Director
David Smale, General Manager of Astec Australia Pty. Ltd.
James Baker, Independent Director
Rebecca Weyenberg, Chief Officer
Daniel Frierson, Independent Director
Tracey Cook, Director
Scott Barker, Group President-Energy
Steven Claude, Group President - Infrastructure Group
Jeffrey Schwarz, President of Johnson Crushers, Inc. ("JCI")
Jeffery Elliott, Group VP of Aggregate and Mining Group
Barry Ruffalo, President CEO, Director
Ben Snyman, Group Infrastructure
Siddharth Verma, CTO Innovation
Malcolm Swanson, President of Astec, Inc
Aaron Harmon, President of GEFCO, Inc.
David Silvious, CFO, Vice President Treasurer

Astec Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Astec Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Astec Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astec Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astec Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Astec Stock

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The ability to find closely correlated positions to Astec Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astec Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astec Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astec Industries to buy it.
The correlation of Astec Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astec Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astec Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Astec Industries is a strong investment it is important to analyze Astec Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astec Industries' future performance. For an informed investment choice regarding Astec Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astec Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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Is Astec Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astec Industries. If investors know Astec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astec Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.945
Dividend Share
0.52
Earnings Share
1.47
Revenue Per Share
58.9
Quarterly Revenue Growth
(0.04)
The market value of Astec Industries is measured differently than its book value, which is the value of Astec that is recorded on the company's balance sheet. Investors also form their own opinion of Astec Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astec Industries' market value can be influenced by many factors that don't directly affect Astec Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astec Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.