Stifel Nicolaus Has Just Reaffirmed $65 Target Price Per Share on Astec Industries (NASDAQ:ASTE) stock, While They’ve Also Reiterated Their “Buy” Rating

April 26, 2018 - By Vivian Park

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 increased, 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.

Penn Capital Management Incorporated reported 233,581 shares. Mason Street Advisors Lc has invested 0.01% in Astec Industries, Inc. (NASDAQ:ASTE). 650 were accumulated by Advisory Net Ltd Liability Corp. Teton Advsr invested in 1.63% or 303,600 shares. 6,536 were reported by Stoneridge Inv Ptnrs. Victory Cap Mgmt has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). The Michigan-based Ls Inv Advsr Ltd Liability has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). 1,122 are owned by Panagora Asset Management. 143,279 are held by Principal Fincl. Riverhead Lc invested 0% of its portfolio in Astec Industries, Inc. (NASDAQ:ASTE). Bank Of Montreal Can has 82,249 shares for 0% of their portfolio. National Bank & Trust Of America De, a North Carolina-based fund reported 20,463 shares. 51,695 are owned by Citadel Advsr. Geode Ltd Llc owns 186,709 shares. Hotchkis And Wiley Cap Mngmt Ltd Liability accumulated 7,490 shares.

Astec Industries (NASDAQ:ASTE) Rating Reaffirmed

Astec Industries (NASDAQ:ASTE) just had their share rating of a ‘”Buy”‘ issued by research analysts at Stifel Nicolaus, who now has a $65 TP on the $1.29 billion market cap company or a 15.91 % upside potential. This key information was disclosed to clients in a research note on Wednesday morning.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.06, from 1.28 in 2017Q3. It increased, 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.

Penn Capital Management Incorporated reported 233,581 shares. Mason Street Advisors Lc has invested 0.01% in Astec Industries, Inc. (NASDAQ:ASTE). 650 were accumulated by Advisory Net Ltd Liability Corp. Teton Advsr invested in 1.63% or 303,600 shares. 6,536 were reported by Stoneridge Inv Ptnrs. Victory Cap Mgmt has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). The Michigan-based Ls Inv Advsr Ltd Liability has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). 1,122 are owned by Panagora Asset Management. 143,279 are held by Principal Fincl. Riverhead Lc invested 0% of its portfolio in Astec Industries, Inc. (NASDAQ:ASTE). Bank Of Montreal Can has 82,249 shares for 0% of their portfolio. National Bank & Trust Of America De, a North Carolina-based fund reported 20,463 shares. 51,695 are owned by Citadel Advsr. Geode Ltd Llc owns 186,709 shares. Hotchkis And Wiley Cap Mngmt Ltd Liability accumulated 7,490 shares.

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. The firm earned “Hold” rating on Tuesday, January 23 by Seaport Global. The stock of Astec Industries, Inc. (NASDAQ:ASTE) earned “Buy” rating by Robert W. Baird on Friday, April 13. Robert W. Baird maintained Astec Industries, Inc. (NASDAQ:ASTE) rating on Thursday, January 4. Robert W. Baird has “Buy” rating and $70.0 target. The stock of Astec Industries, Inc. (NASDAQ:ASTE) has “Buy” rating given on Wednesday, February 21 by Dougherty. The rating was maintained by Robert W. Baird on Friday, November 10 with “Buy”. The company was maintained on Tuesday, February 13 by William Blair. William Blair upgraded Astec Industries, Inc. (NASDAQ:ASTE) on Tuesday, January 2 to “Outperform” rating.

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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