Astec Industries, Inc. (NASDAQ:ASTE) gets downgraded to Neutral by Robert W. Baird

ME Staff
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Analyst Ratings For Astec Industries, Inc. (NASDAQ:ASTE)

Today, Astec Industries, Inc. (NASDAQ:ASTE) stock was downgraded by Robert W. Baird from Outperform to Neutral.

There are 3 Buy Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Astec Industries, Inc. (NASDAQ:ASTE) is Buy with a consensus target price of $66.3333 per share, a potential 32.14% upside.

Some recent analyst ratings include

  • 7/24/2018-Robert W. Baird was Downgraded by analysts at Robert W. Baird from a “Outperform ” rating to a ” Neutral” rating. They now have a N/A price target on the stock.
  • 2/21/2018-Dougherty & Co Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 2/13/2018-William Blair Reiterated Rating of Buy.
  • 1/23/2018-Seaport Global Securities Reiterated Rating of Hold.
  • 3/7/2017-Griffin Securities Reiterated Rating of Buy.

Recent Insider Trading Activity For Astec Industries, Inc. (NASDAQ:ASTE)
Astec Industries, Inc. (NASDAQ:ASTE) has insider ownership of 1.70% and institutional ownership of 91.41%.

  • On 5/4/2018 Benjamin G. Brock, CEO, sold 22,439 with an average share price of $54.71 per share and the total transaction amounting to $1,227,637.69.
  • On 5/1/2018 Benjamin G. Brock, CEO, sold 11,000 with an average share price of $54.41 per share and the total transaction amounting to $598,510.00.
  • On 2/28/2017 W Norman Smith, Vice Chairman, sold 5,000 with an average share price of $62.77 per share and the total transaction amounting to $313,850.00.
  • On 11/30/2016 Michael A. Bremmer, Insider, sold 1,699 with an average share price of $66.93 per share and the total transaction amounting to $113,714.07.
  • On 11/10/2016 Tommie Kruger, Insider, sold 1,945 with an average share price of $63.36 per share and the total transaction amounting to $123,235.20.
  • On 11/9/2016 John J. Irvine III, Insider, sold 3,221 with an average share price of $64.51 per share and the total transaction amounting to $207,786.71.
  • On 8/5/2016 David C Silvious, CFO, sold 1,076 with an average share price of $59.98 per share and the total transaction amounting to $64,538.48.

About Astec Industries, Inc. (NASDAQ:ASTE)
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments. The Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment. It serves asphalt producers, highway and heavy equipment contractors, wood pellet processors, and governmental agencies. The Aggregate and Mining Group segment offers jaw and cone crushers, horizontal and vertical shaft impactors, material handling products, roll rock crushers, stationary rockbreaker systems, vibrating feeders and screens, conveyors, inclined products, vertical and horizontal screens, and sand classifying and washing equipment. This segment serves distributors, open mine operators, quarry operators, port and inland terminal operators, highway and heavy equipment contractors, and governmental agencies. The Energy Group segment offers drilling rigs; diesel pump trailers for fracking and cleaning oil and gas wells; concrete plants; commercial and industrial burners; combustion control systems; heating equipment; roofing material and rubber plants; chemical, oil sands, and energy related processing products; heat transfer processing equipment; and thermal fluid storage tanks, waste heat recovery equipment, blower trucks, whole-tree pulpwood and biomass chippers, and horizontal grinders. It serves oil, gas, and water well drilling industry contractors; processors of oil, gas, and biomass for energy production; ready mix concrete producers; and contractors in the construction and demolition recycling markets. The company was founded in 1972 and is based in Chattanooga, Tennessee.

Recent Trading Activity for Astec Industries, Inc. (NASDAQ:ASTE)
Shares of Astec Industries, Inc. closed the previous trading session at 49,40 −11,40 18,76 % with 57.26 shares trading hands.