Astec Industries (NASDAQ:ASTE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Astec Industries (NASDAQ:ASTE) from a hold rating to a buy rating in a report issued on Wednesday morning.

Separately, Robert W. Baird increased their price target on Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Astec Industries Stock Performance

Shares of ASTE opened at $33.31 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The firm has a market cap of $759.47 million, a PE ratio of -416.32 and a beta of 1.31. Astec Industries has a 12 month low of $28.46 and a 12 month high of $44.74. The stock has a fifty day moving average price of $34.43 and a 200-day moving average price of $33.66.

Institutional Trading of Astec Industries

Several large investors have recently bought and sold shares of the stock. Tompkins Financial Corp purchased a new position in shares of Astec Industries in the fourth quarter worth $34,000. GAMMA Investing LLC increased its position in shares of Astec Industries by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 458 shares during the period. R Squared Ltd purchased a new position in Astec Industries in the 4th quarter worth $42,000. Point72 Asset Management L.P. purchased a new stake in Astec Industries during the 3rd quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Astec Industries in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.