Fintel reports that on August 3, 2023, Baird maintained coverage of Astec Industries (NASDAQ:ASTE) with a Neutral recommendation.
Analyst Price Forecast Suggests 0.06% Upside
As of August 2, 2023, the average one-year price target for Astec Industries is 53.38. The forecasts range from a low of 45.45 to a high of $58.80. The average price target represents an increase of 0.06% from its latest reported closing price of 53.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Astec Industries is 1,371MM, an increase of 0.59%. The projected annual non-GAAP EPS is 2.28.
What is the Fund Sentiment?
There are 422 funds or institutions reporting positions in Astec Industries. This is an increase of 8 owner(s) or 1.93% in the last quarter. Average portfolio weight of all funds dedicated to ASTE is 0.10%, a decrease of 27.64%. Total shares owned by institutions decreased in the last three months by 5.59% to 16,720K shares. 
The put/call ratio of ASTE is 3.41, indicating a bearish outlook.
What are Other Shareholders Doing?
Victory Capital Management holds 1,956K shares representing 8.61% ownership of the company. In it's prior filing, the firm reported owning 1,818K shares, representing an increase of 7.07%. The firm decreased its portfolio allocation in ASTE by 28.79% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,656K shares representing 7.29% ownership of the company. In it's prior filing, the firm reported owning 1,683K shares, representing a decrease of 1.62%. The firm decreased its portfolio allocation in ASTE by 3.00% over the last quarter.
SSGSX - Victory Sycamore Small Company Opportunity Fund holds 1,360K shares representing 5.99% ownership of the company. In it's prior filing, the firm reported owning 1,325K shares, representing an increase of 2.57%. The firm decreased its portfolio allocation in ASTE by 3.33% over the last quarter.
Gamco Investors, Inc. Et Al holds 1,051K shares representing 4.63% ownership of the company. In it's prior filing, the firm reported owning 1,026K shares, representing an increase of 2.43%. The firm increased its portfolio allocation in ASTE by 4.02% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 597K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 585K shares, representing an increase of 1.91%. The firm decreased its portfolio allocation in ASTE by 0.73% over the last quarter.
Astec Industries Background Information
(This description is provided by the company.)
Astec Industries, Inc., is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plant, thermal and storage solutions; and Materials Solutions that include its aggregate processing equipment.
Additional reading:
- ASTEC REPORTS SECOND QUARTER 2023 RESULTS
- ASTEC Appoints New Member to Board of Directors and Announces Retirement of Long Time Member
- ASTEC REPORTS FIRST QUARTER 2023 RESULTS
- Letter from KPMG LLP to the Securities and Exchange Commission, dated March 8, 2023
- ASTEC REPORTS FOURTH QUARTER 2022 RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
