Astec Industries, Inc. (NASDAQ:ASTE) Declares $0.13 Quarterly Dividend

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Monday, February 24th, RTT News reports. Investors of record on Monday, March 10th will be given a dividend of 0.13 per share by the industrial products company on Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, March 10th.

Astec Industries has increased its dividend payment by an average of 4.9% annually over the last three years. Astec Industries has a payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings.

Astec Industries Stock Performance

ASTE stock opened at $31.17 on Wednesday. Astec Industries has a twelve month low of $28.46 and a twelve month high of $44.74. The firm has a market cap of $710.68 million, a price-to-earnings ratio of -389.58 and a beta of 1.31. The business’s fifty day simple moving average is $33.50 and its two-hundred day simple moving average is $33.65. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Robert W. Baird raised their target price on shares of Astec Industries from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

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.