Astec Industries Inc (NASDAQ:ASTE) Q4 2017 Sentiment Report

April 17, 2018 - By Ellis Scott

Astec Industries, Inc. (NASDAQ:ASTE) Logo

Sentiment for Astec Industries Inc (NASDAQ:ASTE)

Astec Industries Inc (NASDAQ:ASTE) institutional sentiment increased to 1.34 in Q4 2017. Its up 0.06, from 1.28 in 2017Q3. The ratio increased, as 83 funds increased or started new positions, while 62 decreased and sold their equity positions in Astec Industries Inc. The funds in our partner’s database now own: 20.12 million shares, up from 17.44 million shares in 2017Q3. Also, the number of funds holding Astec Industries Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 11 Reduced: 51 Increased: 54 New Position: 29.

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 $1.33 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 35.23 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 increased 0.60% or $0.34 during the last trading session, reaching $57.43. About 37,549 shares traded. Astec Industries, Inc. (NASDAQ:ASTE) has declined 9.14% since April 17, 2017 and is downtrending. It has underperformed by 20.69% the S&P500.

Analysts await Astec Industries, Inc. (NASDAQ:ASTE) to report earnings on April, 24. They expect $0.89 EPS, up 36.92 % or $0.24 from last year’s $0.65 per share. ASTE’s profit will be $20.53M for 16.13 P/E if the $0.89 EPS becomes a reality. After $0.42 actual EPS reported by Astec Industries, Inc. for the previous quarter, Wall Street now forecasts 111.90 % EPS growth.

Teton Advisors Inc. holds 1.63% of its portfolio in Astec Industries, Inc. for 303,600 shares. Sg Capital Management Llc owns 102,901 shares or 1.2% of their US portfolio. Moreover, Dean Capital Management has 1.12% invested in the company for 40,540 shares. The California-based Granite Investment Partners Llc has invested 0.97% in the stock. Penn Capital Management Co Inc, a Pennsylvania-based fund reported 233,581 shares.#img1#

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

Ratings analysis reveals 75% of Astec Industries’s analysts are positive. Out of 4 Wall Street analysts rating Astec Industries, 3 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 is 11.44% above today’s ($57.43) share price. ASTE was included in 7 notes of analysts from November 10, 2017. As per Friday, April 13, the company rating was maintained by Robert W. Baird. The rating was upgraded by William Blair to “Outperform” on Tuesday, January 2. Robert W. Baird maintained the stock with “Buy” rating in Thursday, January 4 report. As per Wednesday, February 21, the company rating was upgraded by Dougherty. Seaport Global maintained the shares of ASTE in report on Tuesday, January 23 with “Hold” rating. William Blair maintained the stock with “Buy” rating in Tuesday, February 13 report. The company was maintained on Friday, November 10 by Robert W. Baird.

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

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