Astec IndustriesASTE
Market Cap: 802M
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 Q1 SEC filings by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
15% more capital invested
Capital invested by funds: $788M [Q4 2023] → $907M (+$119M) [Q1 2024]
6% more funds holding
Funds holding: 155 [Q4 2023] → 164 (+9) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
1.71% less ownership
Funds ownership: 93.09% [Q4 2023] → 91.38% (-1.71%) [Q1 2024]
22% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 64
88% less call options, than puts
Call options by funds: $188K | Put options by funds: $1.53M
Research analyst outlook
1 Wall Street Analyst provided 1 year price forecasts over the past 6 months
1 analyst rating
Stifel Stanley Elliott | 5%upside $37 | Hold Downgraded | 2 May 2024 |
Financial journalist opinion
Based on 3 articles about ASTE published over the past 30 days