ASTE Stock Summary and Trading Ideas (Astec Industries | NASDAQ:ASTE)

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.

Astec Industries trades on the NASDAQ stock market under the symbol ASTE.

As of April 19, 2024, ASTE stock price climbed to $42.77 with 268,300 million shares trading.

ASTE has a beta of 0.46, meaning it tends to be less sensitive to market movements. ASTE has a correlation of 0.02 to the broad based SPY ETF.

ASTE has a market cap of $973.35 million. This is considered a Small Cap stock.

Last quarter Astec Industries reported $337 million in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-10 million and exceeded earnings estimates by $.22.

In the last 3 years, ASTE stock traded as high as $80.00 and as low as $28.97.

The top ETF exchange traded funds that ASTE belongs to (by Net Assets): IJR, VTI, VB, PAVE, IWM.

ASTE stock has underperformed the market in the last year with a return of +3.8%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ASTE shares. However, ASTE has outperformed the market in the last 3 month and 2 week periods, returning +26.9% and -1.8%, while SPY returned +4.3% and -3.5%, respectively. This indicates ASTE has been having a stronger performance recently.

ASTE support price is $40.98 and resistance is $42.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASTE stock will trade within this expected range on the day.