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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/2/2024 | $47.00 → $37.00 | Buy → Hold | Stifel |
| 4/8/2022 | $40.00 | Outperform → Neutral | Robert W. Baird |
| 11/8/2021 | $65.00 → $82.00 | Neutral → Buy | Sidoti |
CHATTANOOGA, Tenn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today it will participate in the Baird Global Industrial Conference on November 14, 2024. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer and Steve Anderson, Senior Vice President of Investor Relations will attend the conference. About ASTEC Astec, (www.astecindustries.com), 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 equipment, asphalt a
Third Quarter 2024 Overview (all comparisons are made to the corresponding prior year third quarter unless otherwise specified): Net sales of $291.4 million decreased 3.9%Net loss of $6.2 million, which included an $8.4 million charge related to the settlement of a legacy litigation matter: Adjusted net income of $7.0 millionEBITDA of $0.6 million declined $1.2 million; Adjusted EBITDA was $17.4 million, an increase of $7.4 millionDiluted EPS of $(0.27) compared to $(0.29); Adjusted EPS of $0.31 compared to $(0.01)Operating cash flow of $22.5 million; Free cash flow of $19.9 million CHATTANOOGA, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announc
CHATTANOOGA, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about November 27, 2024 to shareholders of record as of the close of business on November 13, 2024. About ASTEC Astec 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 plants, thermal and storage solutions; and Materials Solutions that includes our aggregate
Stifel downgraded Astec Industries from Buy to Hold and set a new price target of $37.00 from $47.00 previously
Robert W. Baird downgraded Astec Industries from Outperform to Neutral and set a new price target of $40.00
Sidoti upgraded Astec Industries from Neutral to Buy and set a new price target of $82.00 from $65.00 previously
Stifel analyst Stanley Elliott downgrades Astec Industries (NASDAQ:ASTE) from Buy to Hold and lowers the price target from $47 to $37.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue guidance for the second quarter. AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from Benzinga Pro. Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers CytomX Th
Gainers Solidion Technology (NASDAQ:STI) stock moved upwards by 24.2% to $2.61 during Wednesday's regular session. The company's market cap stands at $226.6 million. Powell Industries (NASDAQ:POWL) stock moved upwards by 22.25% to $174.82. The market value of their outstanding shares is at $2.0 billion. As per the news, the Q2 earnings report came out yesterday. Getaround (NYSE:GETR) stock increased by 15.24% to $0.23. The market value of their outstanding shares is at $21.7 million. Innovate (NYSE:VATE) stock increased by 14.0% to $0.8. The market value of their outstanding shares is at $68.1 million. Hyliion Holdings (NYSE:HYLN) shares moved upwards by 13.95% to $1.47. The company's m
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8-K - ASTEC INDUSTRIES INC (0000792987) (Filer)
CHATTANOOGA, Tenn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company. Mr. Harris previously served as Executive Vice President and Chief Financial Officer of Summit Materials, Inc. (NYSE:SUM) ("Summit"), a leading producer of aggregates and cement, from October 2013 to February 2023. Prior to his role at Summit, Mr.
CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Heinrich Jonker, Vice President Finance – Infrastructure Solutions, as its Chief Financial Officer on an interim basis, effective immediately. Mr. Jonker's appointment follows the decision by Rebecca A. Weyenberg, Chief Financial Officer, to step down from her role as CFO. Mrs. Weyenberg will remain employed by the company on an advisory basis through April 30, 2024, to assist in the transition. Astec's Board of Directors has initiated a search process to identify the Company's next CFO and has retained a nationally recognized search fir
CHATTANOOGA, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced the company's board of directors (the "Board") appointed Mr. Patrick S. Shannon and Mr. Jeffrey ("Jeff") T. Jackson, new independent directors, to the Board effective as of January 18, 2024. Mr. William Bradley ("Brad") Southern, an independent director, informed the Board he will be retiring as a member of the Board effective January 18, 2024. With the election of Mr. Shannon and Mr. Jackson, and the retirement of Mr. Southern, the size of the Board increased to 11 directors, 10 of whom are independent directors. Mr. Shannon will also serve as a member of the Audit Committee of the Board a
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Third Quarter 2024 Overview (all comparisons are made to the corresponding prior year third quarter unless otherwise specified): Net sales of $291.4 million decreased 3.9%Net loss of $6.2 million, which included an $8.4 million charge related to the settlement of a legacy litigation matter: Adjusted net income of $7.0 millionEBITDA of $0.6 million declined $1.2 million; Adjusted EBITDA was $17.4 million, an increase of $7.4 millionDiluted EPS of $(0.27) compared to $(0.29); Adjusted EPS of $0.31 compared to $(0.01)Operating cash flow of $22.5 million; Free cash flow of $19.9 million CHATTANOOGA, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announc
CHATTANOOGA, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about November 27, 2024 to shareholders of record as of the close of business on November 13, 2024. About ASTEC Astec 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 plants, thermal and storage solutions; and Materials Solutions that includes our aggregate
CHATTANOOGA, Tenn., Oct. 10, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's third quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's third quarter results to the wire service on Wednesday, November 6, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, November 6, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, Heinrich Jonker, Vice President of Finance - Infrastructure, and Stephen C. Anderson, Senior Vice President of Administration