Astec IndustriesASTE
About: Astec Industries Inc designs and manufactures equipment and components used in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions generating maximum revenue and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
Employees: 4,322
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
157% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 14
15% more funds holding
Funds holding: 150 [Q2] → 172 (+22) [Q3]
6% more capital invested
Capital invested by funds: $649M [Q2] → $691M (+$41.8M) [Q3]
1.1% less ownership
Funds ownership: 96.13% [Q2] → 95.02% (-1.1%) [Q3]
23% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 62
85% less call options, than puts
Call options by funds: $162K | Put options by funds: $1.11M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird Mircea Dobre 44% 1-year accuracy 7 / 16 met price target | 20%upside $40 | Neutral Maintained | 7 Nov 2024 |
Financial journalist opinion
