Astec Industries (NASDAQ:ASTE): Stifel Nicolaus Maintains Buy Rating Today, Has a Target of $65/Share

April 26, 2018 - By Michael Collier

Astec Industries, Inc. (NASDAQ:ASTE) Logo

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.06, from 1.28 in 2017Q3. It is positive, as 11 investors sold Astec Industries, Inc. shares while 51 reduced holdings. 29 funds opened positions while 54 raised stakes. 20.12 million shares or 15.37% more from 17.44 million shares in 2017Q3 were reported.

15,211 are owned by Stone Ridge Asset Mgmt Ltd Llc. Barclays Public Limited Company holds 0% or 33,913 shares. Sg Americas Secs Ltd Liability has 7,564 shares for 0% of their portfolio. Secor Advsrs Limited Partnership reported 43,989 shares. Invesco reported 30,159 shares or 0% of all its holdings. Balyasny Asset Mngmt Ltd Llc reported 497,928 shares. Voya Inv Mgmt Limited Liability Corp has 0% invested in Astec Industries, Inc. (NASDAQ:ASTE) for 9,298 shares. State Of Wisconsin Invest Board owns 98,500 shares. Sg Mgmt Limited Liability Corporation stated it has 1.2% in Astec Industries, Inc. (NASDAQ:ASTE). California Public Employees Retirement Sys reported 30,898 shares. American Group has invested 0% of its portfolio in Astec Industries, Inc. (NASDAQ:ASTE). Employees Retirement Sys Of Ohio owns 42,365 shares. Alliancebernstein Lp reported 261,795 shares stake. State Street has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). 7,490 were accumulated by Hotchkis & Wiley Capital Management Ltd Co.

Astec Industries (NASDAQ:ASTE) Rating Reaffirmed

New York: In a note sent to clients and investors on Wednesday morning, Stifel Nicolaus restate their Buy rating on Astec Industries (NASDAQ:ASTE) shares. They now have a $65 price target on the firm. Stifel Nicolaus’s target gives a potential upside of 15.91 % from the company’s current stock price.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.06, from 1.28 in 2017Q3. It is positive, as 11 investors sold Astec Industries, Inc. shares while 51 reduced holdings. 29 funds opened positions while 54 raised stakes. 20.12 million shares or 15.37% more from 17.44 million shares in 2017Q3 were reported.

15,211 are owned by Stone Ridge Asset Mgmt Ltd Llc. Barclays Public Limited Company holds 0% or 33,913 shares. Sg Americas Secs Ltd Liability has 7,564 shares for 0% of their portfolio. Secor Advsrs Limited Partnership reported 43,989 shares. Invesco reported 30,159 shares or 0% of all its holdings. Balyasny Asset Mngmt Ltd Llc reported 497,928 shares. Voya Inv Mgmt Limited Liability Corp has 0% invested in Astec Industries, Inc. (NASDAQ:ASTE) for 9,298 shares. State Of Wisconsin Invest Board owns 98,500 shares. Sg Mgmt Limited Liability Corporation stated it has 1.2% in Astec Industries, Inc. (NASDAQ:ASTE). California Public Employees Retirement Sys reported 30,898 shares. American Group has invested 0% of its portfolio in Astec Industries, Inc. (NASDAQ:ASTE). Employees Retirement Sys Of Ohio owns 42,365 shares. Alliancebernstein Lp reported 261,795 shares stake. State Street has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). 7,490 were accumulated by Hotchkis & Wiley Capital Management Ltd Co.

Astec Industries, Inc. (NASDAQ:ASTE) Ratings Coverage

Among 4 analysts covering Astec Industries (NASDAQ:ASTE), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Astec Industries has $70.0 highest and $6400 lowest target. $64’s average target is 14.12% above currents $56.08 stock price. Astec Industries had 7 analyst reports since November 10, 2017 according to SRatingsIntel. As per Tuesday, January 2, the company rating was upgraded by William Blair. On Friday, April 13 the stock rating was maintained by Robert W. Baird with “Buy”. The company was maintained on Tuesday, February 13 by William Blair. Robert W. Baird maintained Astec Industries, Inc. (NASDAQ:ASTE) on Thursday, January 4 with “Buy” rating. As per Friday, November 10, the company rating was maintained by Robert W. Baird. Seaport Global maintained Astec Industries, Inc. (NASDAQ:ASTE) on Tuesday, January 23 with “Hold” rating. The firm has “Buy” rating given on Wednesday, February 21 by Dougherty.

The stock increased 1.72% or $0.95 during the last trading session, reaching $56.08. About 96,366 shares traded. Astec Industries, Inc. (NASDAQ:ASTE) has declined 9.14% since April 26, 2017 and is downtrending. It has underperformed by 20.69% the S&P500.

Astec Industries, Inc. designs, engineers, makes, and markets equipment and components primarily for the road building, aggregate processing, geothermal, water, gas and oil, and wood processing industries in the United States and internationally. The company has market cap of $1.29 billion. The Company’s Infrastructure Group segment offers asphalt and wood pellet plants, and related components; asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers, and related ancillary equipment; and commercial pavers. It has a 34.4 P/E ratio. The company??s Aggregate and Mining Group segment provides aggregate processing and mining equipment; crushers, portable plants, sand classifying and washing equipment, and conveying equipment; mobile screening plants, portable and stationary structures, and vibrating screens; aggregate and ore processing equipment; rock breaking systems, processing equipment, and utility vehicles; and bulk material handling systems and minerals processing equipment.

Astec Industries, Inc. (NASDAQ:ASTE) Institutional Positions Chart

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