Astec Industries Inc Institutional Investor Sentiment Worsened in Q1 2018

June 13, 2018 - By Stephen Andrade

Astec Industries, Inc. (NASDAQ:ASTE) Logo

Sentiment for Astec Industries Inc (NASDAQ:ASTE)

Astec Industries Inc (NASDAQ:ASTE) institutional sentiment decreased to 1.09 in 2018 Q1. Its down -0.25, from 1.34 in 2017Q4. The ratio has dropped, as 76 active investment managers increased and opened new positions, while 70 sold and trimmed equity positions in Astec Industries Inc. The active investment managers in our partner’s database now possess: 20.60 million shares, up from 20.12 million shares in 2017Q4. Also, the number of active investment managers holding Astec Industries Inc in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 21 Reduced: 49 Increased: 51 New Position: 25.

Astec Industries, Inc. designs, engineers, makes, and markets equipment and components primarily for the road building, aggregate processing, geothermal, water, gas and oil, and wood processing industries in the United States and internationally. The company has market cap of $1.40 billion. The Company’s Infrastructure Group segment offers asphalt and wood pellet plants, and related components; asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers, and related ancillary equipment; and commercial pavers. It has a 37.15 P/E ratio. The companyÂ’s Aggregate and Mining Group segment provides aggregate processing and mining equipment; crushers, portable plants, sand classifying and washing equipment, and conveying equipment; mobile screening plants, portable and stationary structures, and vibrating screens; aggregate and ore processing equipment; rock breaking systems, processing equipment, and utility vehicles; and bulk material handling systems and minerals processing equipment.

The stock decreased 0.43% or $0.26 during the last trading session, reaching $60.56. About 41,599 shares traded. Astec Industries, Inc. (NASDAQ:ASTE) has risen 3.63% since June 13, 2017 and is uptrending. It has underperformed by 8.94% the S&P500.

Analysts await Astec Industries, Inc. (NASDAQ:ASTE) to report earnings on July, 24. They expect $0.93 earnings per share, up 50.00 % or $0.31 from last year’s $0.62 per share. ASTE’s profit will be $21.47M for 16.28 P/E if the $0.93 EPS becomes a reality. After $0.87 actual earnings per share reported by Astec Industries, Inc. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

Marcato Capital Management Lp holds 4.6% of its portfolio in Astec Industries, Inc. for 525,845 shares. Teton Advisors Inc. owns 303,600 shares or 1.58% of their US portfolio. Moreover, Dean Capital Management has 0.96% invested in the company for 35,215 shares. The California-based Granite Investment Partners Llc has invested 0.95% in the stock. Pier Capital Llc, a Connecticut-based fund reported 92,982 shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $3.19 million activity.

Astec Industries, Inc. (NASDAQ:ASTE) Ratings Coverage

Ratings analysis reveals 80% of Astec Industries’s analysts are positive. Out of 5 Wall Street analysts rating Astec Industries, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $6400 while the high is $70.0. The stock’s average target of $64.50 is 6.51% above today’s ($60.56) share price. ASTE was included in 7 notes of analysts from January 2, 2018. Robert W. Baird maintained Astec Industries, Inc. (NASDAQ:ASTE) on Thursday, January 4 with “Buy” rating. Stifel Nicolaus maintained the shares of ASTE in report on Tuesday, April 24 with “Buy” rating. The firm has “Buy” rating given on Tuesday, February 13 by William Blair. The stock of Astec Industries, Inc. (NASDAQ:ASTE) earned “Buy” rating by Robert W. Baird on Friday, April 13. The stock has “Hold” rating by Seaport Global on Tuesday, January 23. Dougherty upgraded the stock to “Buy” rating in Wednesday, February 21 report. The rating was upgraded by William Blair to “Outperform” on Tuesday, January 2.

More recent Astec Industries, Inc. (NASDAQ:ASTE) news were published by: Nasdaq.com which released: “Astec Industries, Inc. to Attend 2018 Stifel Cross Sector Insight Conference” on June 07, 2018. Also Streetinsider.com published the news titled: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” on May 15, 2018. Nasdaq.com‘s news article titled: “New Research Coverage Highlights Astec Industries, Prothena Corporation plc, Kornit Digital, Limoneira, Shenandoah …” with publication date: June 05, 2018 was also an interesting one.

Astec Industries, Inc. (NASDAQ:ASTE) Institutional Positions Chart

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