ASTE - Astec Industries, Inc.
BlackRock Inc. acquired a new position in shares of Astec Industries, Inc. (NASDAQ: ASTE) during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,476,585 shares of the industrial products company's stock, valued at approximately $212,732,000. BlackRock Inc. owned about 15.12%
Investors need to pay close attention to ASTE stock based on the movements in the options market lately.
Astec lowers 2026 EBITDA outlook as asphalt order delays pressure shipment timing, while Materials Solutions demand and cash flow provide support.
ASTE's cheap valuation, rising backlog and aftermarket strength offer a mixed picture as earnings pressure and execution risks weigh.
Astec Industries' shares fall 10.4% in a week as earnings pressure, lower guidance and order delays weigh against backlog gains.
Astec's Q2 sales top estimates and backlog surge, but higher interest expense and a lower 2026 EBITDA outlook weighed on earnings.
Astec Industries, Inc. (ASTE) Q2 2026 Earnings Call Transcript
Income investors have intriguing opportunities and a narrow decision window this week.
Astec Industries NASDAQ: ASTE reported record second-quarter revenue and adjusted EBITDA, supported by growth in its Materials Solutions business, higher parts and service sales, and contributions from concrete, mobile paving and forestry equipment. The company also reduced its full-year adjusted EBITDA outlook, citing a shift in timing for certain asphalt plant deliveries.
Astec Industries (ASTE) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.88 per share a year ago.
Second Quarter 2026 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified):
CHATTANOOGA, Tenn., July 30, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced the company's board of directors (the “Board”) appointed Mr. William (“Bill”) E. Waltz as a new independent director to the Board, effective as of October 29, 2026. With the election of Mr. Waltz, the size of the Board will increase to 10 directors, nine of whom are independent directors. Mr. Waltz will serve as a member of the Compensation Committee of the Board.
Astec Industries (ASTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHATTANOOGA, Tenn., July 27, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share.
Caxton Associates LLP purchased a new stake in Astec Industries, Inc. (NASDAQ: ASTE) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,208 shares of the industrial products company's stock, valued at approximately $765,000. Caxton Associates LLP owned 0.06%
Astec Industries is rated Buy, supported by strategic acquisitions, robust infrastructure spending, and strong demand from data center and manufacturing construction. ASTE trades at a 26% discount to the sector median P/E and 22% below its 5-year average, despite above-sector revenue and EBITDA growth rates. Recent acquisitions (Terrasource, CWMF) are expected to drive incremental revenue, margin expansion, and recurring aftermarket sales, with synergies progressing ahead of plan.
CHATTANOOGA, Tenn., July 14, 2026 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ: ASTE) to participate in a conference call to review the company's second quarter 2026 financial results.
Astec Industries (ASTE) reported earnings 30 days ago. What's next for the stock?
CHATTANOOGA, Tenn., June 04, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced Jaco van der Merwe (Chief Executive Officer), Stephen Anderson (Senior Vice President of Investor Relations), and Heinrich Jonker (Vice President – Finance) will participate in one-on-one meetings with investors at the Wells Fargo Industrials and Materials Conference on June 9, 2026.
CHATTANOOGA, Tenn., May 21, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced Jaco van der Merwe (Chief Executive Officer), Brian Harris (Chief Financial Officer) and Steve Anderson (Senior Vice President of Investor Relations), will participate in one-on-one meetings with investors at the KeyBanc Capital Markets Industrials and Basic Materials Conference on May 27, 2026.