Astec Industries (NASDAQ:ASTE) Stock Rating Cut to Strong Sell at Zacks Research

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

Several other research analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astec Industries in a research report on Monday, November 2nd. Freedom Broker cut their target price on Astec Industries from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Astec Industries Stock Down 1.8%

Astec Industries stock opened at $36.95 on Monday. The company has a 50 day moving average of $40.13 and a 200-day moving average of $50.25. The company has a quick ratio of 0.97, a current ratio of 2.31 and a debt-to-equity ratio of 0.51. Astec Industries has a twelve month low of $35.05 and a twelve month high of $65.69. The stock has a market capitalization of $851.33 million, a PE ratio of 73.90, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). The company had revenue of $352.40 million for the quarter, compared to analyst estimates of $375.47 million. Astec Industries had a return on equity of 8.60% and a net margin of 0.74%. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, equities research analysts anticipate that Astec Industries will post 3.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Astec Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASTE. Allworth Financial LP bought a new position in shares of Astec Industries during the second quarter worth approximately $25,000. Nykredit A S acquired a new position in shares of Astec Industries during the 2nd quarter worth $25,000. Fortitude Family Office LLC lifted its position in shares of Astec Industries by 1,128.8% during the 3rd quarter. Fortitude Family Office LLC now owns 639 shares of the industrial products company’s stock worth $26,000 after buying an additional 587 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Astec Industries during the 2nd quarter worth $44,000. Finally, Parallel Advisors LLC boosted its stake in Astec Industries by 988.4% in the third 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 in the last quarter. 93.16% of the stock is owned by institutional investors.

Astec Industries News Roundup

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.