Astec Industries (NASDAQ:ASTE) Releases Earnings Results, Misses Estimates By $0.10 EPS

Astec Industries (NASDAQ:ASTE) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.10), FiscalAI reports. The company had revenue of $408.10 million for the quarter, compared to the consensus estimate of $405.50 million. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. During the same period in the prior year, the firm posted $0.72 EPS.

Here are the key takeaways from Astec Industries’ conference call:

• Record quarterly performance included net sales of $408.1 million, up 23.6%, adjusted EBITDA of $42.6 million, up 26%, and a 10.4% margin.
• Backlog increased 57.9% to $601.1 million, led by a 150.6% increase in Materials Solutions, while strong dealer utilization, rental-fleet conversions, and demand for mobile plants supported the segment’s outlook.
• Parts and service revenue rose 34.8% to $135.5 million, reaching 33.2% of quarterly sales; management expects continued aftermarket growth to support margin expansion.
• Astec reduced full-year 2026 adjusted EBITDA guidance to $160 million-$175 million from $170 million-$190 million, citing asphalt-plant delivery shifts into the fourth quarter of 2026 and first quarter of 2027 amid oil-price and Federal Highway Bill uncertainty.
• Infrastructure Solutions revenue grew 11.6%, but segment EBITDA margin declined 130 basis points due largely to product mix and lower parts margins; management expects pricing actions and stronger mobile-equipment activity to improve performance in the second half.

Astec Industries Stock Performance

Shares of Astec Industries stock opened at $44.18 on Friday. The company has a 50 day moving average price of $54.41 and a 200 day moving average price of $54.82. The firm has a market capitalization of $1.02 billion, a P/E ratio of 51.98, a PEG ratio of 1.13 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 2.52 and a debt-to-equity ratio of 0.53. Astec Industries has a 52 week low of $39.44 and a 52 week high of $65.69.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 10th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 10th. Astec Industries’s dividend payout ratio (DPR) is presently 61.18%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ASTE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a report on Tuesday. Zacks Research raised shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Astec Industries has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. iSAM Funds UK Ltd purchased a new position in Astec Industries in the 3rd quarter worth $50,000. Tower Research Capital LLC TRC increased its holdings in shares of Astec Industries by 412.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 1,780 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Astec Industries in the fourth quarter valued at approximately $127,000. Quadrant Capital Group LLC acquired a new position in Astec Industries in the 3rd quarter worth approximately $203,000. Finally, State of Wyoming purchased a new position in Astec Industries during the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

About Astec Industries

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.