Astec Industries Stock Today
| ASTE Stock | USD 41.88 0.15 0.36% |
Performance11 of 100
| Odds Of DistressLess than 9
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Astec Industries is trading at 41.88 as of the 19th of April 2024, a 0.36 percent increase since the beginning of the trading day. The stock's lowest day price was 41.72. Astec Industries has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Astec Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 19th of June 1986 | Category Industrials |
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. The company has 22.74 M outstanding shares of which 383.61 K shares are presently shorted by private and institutional investors with about 2.41 trading days to cover. More on Astec Industries
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Follow Valuation Options Odds of Bankruptcy
Financial Report 1st of May 2024
Astec Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Astec Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Astec Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Benjamin Brock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction Machinery & Heavy Transportation Equipment, Farm & Heavy Construction Machinery, Industrials, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Industrials, Machinery, Farm & Heavy Construction Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Astec Industries report their recommendations after researching Astec Industries' financial statements, talking to executives and customers, or listening in on Astec Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Astec Industries. The Astec consensus assessment is calculated by taking the average forecast from all of the analysts covering Astec Industries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Astec Industries' liquidity, profitability, solvency, and operating efficiency, Astec Industries is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Astec Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Astec Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Astec Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Astec Industries' financial leverage. It provides some insight into what part of Astec Industries' total assets is financed by creditors.
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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. The company currently falls under 'Small-Cap' category with a current market capitalization of 959.77 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Astec Industries's market, we take the total number of its shares issued and multiply it by Astec Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Astec Industries conducts business under Machinery sector and is part of Industrials industry. The entity has 22.74 M outstanding shares of which 383.61 K shares are presently shorted by private and institutional investors with about 2.41 trading days to cover.
Astec Industries currently holds about 56.4 M in cash with 27.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.47.
Check Astec Industries Probability Of Bankruptcy
Ownership AllocationAstec Industries holds a total of 22.74 Million outstanding shares. The majority of Astec Industries outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Astec Industries to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Astec Industries. Please pay attention to any change in the institutional holdings of Astec Industries as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Astec Ownership Details
Astec Stock Price Odds Analysis
What are Astec Industries' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Astec Industries jumping above the current price in 90 days from now is about 19.74%. The Astec Industries probability density function shows the probability of Astec Industries stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.8583. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Astec Industries will likely underperform. Additionally, astec Industries has an alpha of 0.234, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Astec Industries to move above the current price in 90 days from now is about 19.74 (This Astec Industries probability density function shows the probability of Astec Stock to fall within a particular range of prices over 90 days) .
Astec Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Astec Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Astec Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Astec Industries' value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 510.8 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 452.7 K | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 377.7 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 369.2 K | |
| Ameriprise Financial Inc | 2023-12-31 | 267.9 K | |
| First Trust Advisors L.p. | 2023-12-31 | 238.7 K | |
| Northern Trust Corp | 2023-12-31 | 238.5 K | |
| Arnhold & S. Bleichroeder Advisers, Llc | 2023-12-31 | 222.3 K | |
| Heartland Advisors Inc | 2023-12-31 | 182.8 K | |
| Blackrock Inc | 2023-12-31 | 4.2 M | |
| Vanguard Group Inc | 2023-12-31 | 2.6 M |
Astec Industries Historical Income Statement
Astec Industries Income Statement is one of the three primary financial statements used for reporting Astec's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Astec Industries revenue and expense. Astec Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Astec Industries' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 347.3 M, whereas Total Revenue is forecasted to decline to about 684.3 M. View More FundamentalsAstec Stock Against Markets
Picking the right benchmark for Astec Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Astec Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Astec Industries is critical whether you are bullish or bearish towards Astec Industries at a given time. Please also check how Astec Industries' historical prices are related to one of the top price index indicators.
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Astec Industries Corporate Directors
Astec Industries corporate directors refer to members of an Astec Industries board of directors. The board of directors generally takes responsibility for the Astec Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Astec Industries' board members must vote for the resolution. The Astec Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Sansom | Lead Independent Director | Profile | |
| Stephen Anderson | VP of Admin., Director of Investor Relations, Compliance Officer and Secretary | Profile | |
| William Dorey | Independent Director | Profile | |
| Charles Potts | Independent Director | Profile |
How to buy Astec Stock?
Before investing in Astec Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Astec Industries. To buy Astec Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Astec Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Astec Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Astec Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Astec Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Astec Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Astec Stock please use our How to Invest in Astec Industries guide.
Already Invested in Astec Industries?
The danger of trading Astec Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Astec Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Astec Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Astec Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Astec Stock analysis
When running Astec Industries' price analysis, check to measure Astec Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astec Industries is operating at the current time. Most of Astec Industries' value examination focuses on studying past and present price action to predict the probability of Astec Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astec Industries' price. Additionally, you may evaluate how the addition of Astec Industries to your portfolios can decrease your overall portfolio volatility.
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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.