How to Buy Astec Industries Stock
Astec Industries Inc
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally.
Astec Industries stock last closed at $42.64, up 0.38% from the previous day, and has increased 6.31% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.12 percentage points. Astec Industries stock is currently +47.19% from its 52-week low of $28.97, and -24.3% from its 52-week high of $56.33.
At the moment, there are 22.74M shares of ASTE outstanding. The market cap of ASTE is $969.78M. In the past 24 hours, 89,036 ASTE shares were traded.
How to Buy Astec Industries Stock
Not sure how to invest in Astec Industries stock? Here's how.
- Decide where to buy Astec Industries stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Astec Industries stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your method of payment and add your info.
- Analyze Astec Industries stock: The Astec Industries ticker symbol is ASTE. Is Astec Industries stock a good investment? Should you buy shares of ASTE? How do ASTE's underlying business fundamentals look? Do top analysts think Astec Industries is a good buy? Why has ASTE's stock price moved recently? (Hint: Our stock research tools can help you understand if ASTE is a good stock to buy).
- Place your ASTE buy order: Decide if you will purchase ASTE shares at the current market price or use a limit order to buy ASTE stock at a given price.
- Track your investment in ASTE: Create a watchlist to track your position in Astec Industries stock.
Step 1: Decide where to buy Astec Industries stock
You need a brokerage account to access the NASDAQ market and buy ASTE shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to invest in ASTE today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new trading account.
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Step 3: Deposit money your brokerage account
Now that you have opened your account on the best stock market app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing funds into your new investment account.
Step 4: Analyze Astec Industries stock
Once you have decided on the best place to buy Astec Industries stock, it's absolutely critical to evaluate their stock prior to buying, so you can comprehend the risk and opportunity.
Astec Industries quick stats
ASTE Overview
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ASTE's stock page.
Is ASTE stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge ASTE's true value.
Using relative valuations measures:
- ASTE could be overvalued based on its P/E ratio of 29.01x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 13.76x
- ASTE could be undervalued based on its P/B ratio of 1.48x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.74x
- ASTE may be undervalued based on its PEG ratio of 0.43x
You can do additional valuation analysis on ASTE's stock here.
ASTE Financials at a glance
Positive Financial Indicators:
- ASTE profit margin has gone up from 0% to 2.5% in the past year.
- There are more short-term assets than long-term liabilities on the ASTE balance sheet.
- ASTE's operating cash flow of $27.80M allows it to safely service it's debt of $83.10M.
- There are more short-term assets than short-term liabilities on the ASTE balance sheet.
- ASTE earnings of $51.50M is not enough to cover its interest payments.
Negative Financial Indicators:
- Total ASTE debt is higher than 5 years ago, relative to shareholder equity.
- ASTE has a relatively high debt to equity ratio of 0.62.
Is it a good time to buy ASTE stock, according to Wall Street analysts?
Out of 1 sell side analysts who give recommendations on ASTE, the consensus analyst rating on ASTE is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Astec Industries stock forecast page.
ASTE Technicals
How are ASTE Revenues/Earnings doing?
Last year, ASTE earnings were $33.50M. During the past four year, ASTE's earnings have gone up by 10.39% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 19.27%.
Last year, ASTE revenue was $1.34B. During the past five year, ASTE's revenue has grown by 2.69% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 6.51%.
Dig into ASTE's earnings and revenue performance here.
Who is buying/selling ASTE?
Over the past 12 months, insiders at ASTE have sold more shares than they have bought.
Jaco Van Der Merwe, Chief Executive Officer of ASTE, was the latest ASTE insider to sell. They sold $23,178.54 worth of ASTE shares on Feb 28, 2024.
Learn more about who owns ASTE stock here.
Does ASTE stock generate passive income?
Astec Industries pays a dividend of 1.22%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.75%. If you owned $1,000 worth of ASTE stock, you would have been paid $12.20 in the past 12 months.
Astec Industries dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Astec Industries dividend yield and history here.
What do other traders have to say about ASTE?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your ASTE buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, click the how to video below:
Step 6: Track your investment in ASTE
Now that you own some ASTE shares, you'll want to keep up with your shares.
Start a watchlist to get notified of important updates regarding your ASTE stock.
ASTE Feed
How to Buy Stock in Astec Industries
To reiterate, here are the 6 steps you need to take to buy Astec Industries stock right now:
- Decide where to buy Astec Industries stock
- Open a brokerage account
- Deposit money your brokerage account
- Analyze Astec Industries stock
- Place your ASTE buy order
- Track your investment in ASTE
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Astec Industries, create a watchlist today.
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