Astec Industries Inc. (ASTE): Checking the Fundamentals and Technical Reports

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Astec Industries Inc. (NASDAQ:ASTE) changes shares on Wednesday trading session, with a change of 13.80% or $6.3 shares. The trading starts at $59.90 and closed at $45.66 throughout the day. The trading session low price was $51.62 and day high was $63.74 on Wednesday, August 05. After the session, the Industrials sector daily volume shifted to 0.6 million while its average volume is 157.93K. In other hand, the ASTE market cap reached to $1.20B. While, its current target price is $47.00.

On May 6, 2020, BRIEF-Astec Industries Reports Q1 Adjusted Earnings Per Share $1. According to the news reported on Reuters, * Q1 SALES $288.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $291.5 MILLION

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 13.35% and up 17.24% for month. Its quarterly performance was 36.99% above, while its half year performance is up 16.27%. ASTE yearly performance stood at positive 74.36% and rise 23.71% for year-to-date. Current recommendation for Astec Industries Inc. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ASTE EPS (TTM) for 12-month is 1.26. EPS for this year is 138.00%, while for the next year its value is 1.57. Sales growth for the current quarter is 4.13 while its EPS Q/Q reached 44.20%. It has an EPS of -8.00% down for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on ASTE for the current month and previous month. For the current month, 0 of 4 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 4 analysts participate in stock recommendation. Out of 4, 0 rated it sell, 1 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $41.00 – $58.00. Average target price for ASTE was reached at $49.67.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Astec Industries Inc. (ASTE) stock. On Mar 30, 2020, Blackrock Inc. has 3.41 million shares which valued 119.25 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.32 million shares which valued at 81.1 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 1.81 million shares which valued at 63.4 million. In the end, Dimensional Fund Advisors LP have 8.03% shares outstanding of Astec Industries Inc. (ASTE) on Mar 30, 2020. The insider ownership moved to 1.20% and institutional holding shifted to 96.80%.

The company posted an EPS (TTM) of 1.26. According to the most recent quarter report on (Sep 2020), 4 analysts estimated an average EPS of -0.05, while 0.17 EPS posted a year ago period. Analyst Estimated EPS for ASTE published in the report was -$0.19 – $0.02 during the same period. Comparing with last year, the average estimated EPS was 0.17 which is lower than 0.67 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ASTE rise 29.28% for period of 200 days. SMA for 50 days was 15.26% which is showing green signal, while SMA-20 was 14.20%. The moving average value for Astec Industries Inc. (ASTE) is 40.82 and 45.46 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ASTE stock. On May 18, Weyenberg Rebecca A, Chief Financial Officer, bought 50 trading shares at the cost of $39.37, which valued at 1969.0. On Aug 29, ANDERSON STEPHEN C, VP-Administration & Corp Sec, bought 2,200 shares at the cost of $27.75, with total shares of 5,516. On Aug 22, Merwe Jaco van der, Group President-Infrastructure, bought 2,000 shares at the cost of 28.00. After this transaction, Merwe Jaco van der total shares reached to 6,579 which valued at 56000.0.