Astec Industries, Inc. (ASTE) To Go Ex-Dividend on May 13th

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Wednesday, May 13th will be paid a dividend of 0.13 per share by the industrial products company on Friday, May 29th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th.

Astec Industries has increased its dividend payment by an average of 0.0%per year over the last three years. Astec Industries has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Astec Industries to earn $3.98 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.1%.

Astec Industries Price Performance

Shares of ASTE opened at $53.34 on Monday. Astec Industries has a 52-week low of $36.43 and a 52-week high of $65.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.00 and a current ratio of 2.34. The business’s 50 day moving average price is $57.35 and its two-hundred day moving average price is $51.31. The firm has a market cap of $1.23 billion, a PE ratio of 47.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.47.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The business had revenue of $396.30 million during the quarter, compared to analyst estimates of $393.24 million. On average, equities analysts anticipate that Astec Industries will post 3.63 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ASTE. Weiss Ratings lowered Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research lowered Astec Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded Astec Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Longbow Research upgraded Astec Industries to a “strong-buy” rating in a report on Monday, March 16th. Finally, Freedom Capital upgraded Astec Industries to a “strong-buy” rating in a report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.