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ASTE 
Astec Industries Inc (ASTE)
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Upturn Advisory Summary
12/29/2025: ASTE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $56.5
1 Year Target Price $56.5
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -36.61% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/29/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.03B USD | Price to earnings Ratio 21.94 | 1Y Target Price 56.5 |
Price to earnings Ratio 21.94 | 1Y Target Price 56.5 | ||
Volume (30-day avg) 2 | Beta 1.43 | 52 Weeks Range 29.38 - 50.68 | Updated Date 12/29/2025 |
52 Weeks Range 29.38 - 50.68 | Updated Date 12/29/2025 | ||
Dividends yield (FY) 1.13% | Basic EPS (TTM) 2.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.5% | Operating Margin (TTM) 4.06% |
Management Effectiveness
Return on Assets (TTM) 5.6% | Return on Equity (TTM) 7.37% |
Valuation
Trailing PE 21.94 | Forward PE 14.35 | Enterprise Value 1330429860 | Price to Sales(TTM) 0.76 |
Enterprise Value 1330429860 | Price to Sales(TTM) 0.76 | ||
Enterprise Value to Revenue 0.97 | Enterprise Value to EBITDA 11.7 | Shares Outstanding 22875841 | Shares Floating 22544141 |
Shares Outstanding 22875841 | Shares Floating 22544141 | ||
Percent Insiders 1.13 | Percent Institutions 101.42 |
Upturn AI SWOT
Astec Industries Inc
Company Overview
History and Background
Astec Industries, Inc. was founded in 1972 by Dr. J. Don Brock and his wife, Vivian. The company began as a manufacturer of asphalt paving equipment and has since expanded its product offerings and market reach. Significant milestones include its initial public offering (IPO) in 1985, numerous strategic acquisitions, and its evolution into a global leader in road construction, quarrying, and mining equipment. Astec's strategy has focused on providing a comprehensive range of equipment and services to support the entire infrastructure lifecycle.
Core Business Areas
- Roadbuilding Equipment: Designs, manufactures, and markets equipment for asphalt road building, including asphalt plants, pavers, compactors, and material processing equipment. This segment serves contractors involved in highway, road, and site development projects.
- Aggregate and Mining Equipment: Provides equipment for quarrying, crushing, screening, and material handling, as well as equipment for the mining industry. This includes crushing plants, screening plants, conveyors, and specialized mining equipment.
- Services and Aftermarket Support: Offers a wide range of aftermarket parts, service, and support for its equipment, including remanufacturing, technical assistance, and training, ensuring operational efficiency for its customers.
Leadership and Structure
Astec Industries is led by a management team with deep industry experience. The company operates with a divisional structure, with each division responsible for specific product lines and markets, allowing for focused innovation and customer service. The CEO is the primary executive responsible for the company's overall strategy and operations.
Top Products and Market Share
Key Offerings
- Asphalt Plants: Astec manufactures a comprehensive line of asphalt plants, from portable to high-production stationary models, essential for road construction projects. Key competitors include CMI, Gencor, and Stansteel. Market share data for specific product lines is not publicly disclosed, but Astec is considered a leading player in the asphalt plant market.
- Asphalt Pavers: Offers a range of asphalt pavers for various applications, from small paving jobs to large highway projects. Competitors include Caterpillar, Vogele, and Roadtec. Astec is a significant competitor in this segment.
- Crushing and Screening Equipment: Provides a variety of crushers (jaw, cone, impact) and screeners used in aggregate production and mining. Major competitors include Sandvik, Metso, and Terex. Astec holds a notable position in this market.
Market Dynamics
Industry Overview
The road construction and infrastructure equipment industry is cyclical and influenced by government spending on infrastructure projects, commodity prices, and global economic conditions. There is a growing demand for more sustainable and efficient construction methods, driving innovation in equipment technology.
Positioning
Astec Industries is positioned as a comprehensive solutions provider in the road construction and aggregate industries, offering a broad portfolio of equipment and services. Its competitive advantages lie in its established brand reputation, extensive dealer network, product innovation, and strong customer relationships.
Total Addressable Market (TAM)
The TAM for the global road construction equipment market is estimated to be in the tens of billions of dollars, with significant segments in asphalt paving and aggregate processing. Astec Industries, as a key manufacturer, aims to capture a substantial portion of this market through its diverse product offerings and global presence.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation in the roadbuilding and aggregate sectors.
- Broad product portfolio covering multiple stages of infrastructure development.
- Extensive dealer and service network globally.
- Commitment to innovation and product development.
- Experienced management team with deep industry knowledge.
Weaknesses
- Susceptibility to cyclical downturns in the construction and mining industries.
- Integration challenges from past acquisitions.
- Reliance on key suppliers for certain components.
- Competition from larger, more diversified players.
Opportunities
- Increasing global investment in infrastructure projects.
- Growth in emerging markets demanding new infrastructure.
- Demand for sustainable and efficient construction equipment.
- Opportunities for further strategic acquisitions to expand product lines or market reach.
- Technological advancements in automation and digital solutions.
Threats
- Economic recessions impacting construction spending.
- Fluctuations in raw material costs (e.g., steel).
- Increased competition from domestic and international players.
- Stringent environmental regulations impacting equipment manufacturing and usage.
- Geopolitical instability affecting global supply chains and demand.
Competitors and Market Share
Key Competitors
- Caterpillar Inc. (CAT)
- Deere & Company (DE)
- Komatsu Ltd. (KMTUY)
- Sandvik AB (SDVKF)
Competitive Landscape
Astec Industries benefits from its specialized focus on road construction and aggregate equipment, allowing for deep expertise. However, it faces intense competition from larger, more diversified companies like Caterpillar and John Deere, which have broader product lines and extensive global reach. Astec's advantages lie in its agility, customer-centric approach, and comprehensive aftermarket support within its niche.
Major Acquisitions
Roadtec, Inc.
- Year: 2018
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to strengthen its position in the asphalt paving market and expand its product offerings in paving and milling equipment.
Coltec Industries Inc.
- Year: 2001
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to diversify its product portfolio and expand its presence in the aggregate processing and mining sectors.
Growth Trajectory and Initiatives
Historical Growth: Astec has demonstrated historical growth through both organic expansion and strategic acquisitions, evolving from a niche equipment manufacturer to a broader infrastructure solutions provider. Growth is closely tied to infrastructure spending cycles.
Future Projections: Future growth is projected to be driven by increased infrastructure investments globally, a focus on technological innovation for more efficient and sustainable operations, and potential further strategic acquisitions. Analyst estimates will provide specific forward-looking revenue and earnings growth rates.
Recent Initiatives: Recent initiatives have likely focused on integrating acquisitions, enhancing product lines with new technologies (e.g., automation, digital solutions), and expanding market presence in key geographical regions. The company also emphasizes its sustainability efforts.
Summary
Astec Industries Inc. is a well-established player in the infrastructure equipment sector, particularly in road construction and aggregate processing. Its strengths lie in its broad product range, strong brand, and robust aftermarket support. However, the company's performance is inherently tied to the cyclical nature of infrastructure spending and faces significant competition from larger industry giants. Continued investment in innovation, strategic acquisitions, and navigating economic uncertainties will be crucial for its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Websites
- SEC Filings (10-K, 10-Q)
- Industry Research Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data is approximate and based on industry estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Astec Industries Inc
Exchange NASDAQ | Headquaters Chattanooga, TN, United States | ||
IPO Launch date 1986-06-19 | CEO, President & Director Mr. Jaco G. van der Merwe | ||
Sector Industrials | Industry Farm & Heavy Construction Machinery | Full time employees 4148 | Website https://www.astecindustries.com |
Full time employees 4148 | Website https://www.astecindustries.com | ||
Astec Industries, Inc. designs, engineers, manufactures, markets, and services equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, blower trucks and trailers, material transfer vehicles, soil stabilizing-reclaiming machinery, wood chippers and grinders, milling machines, soil remediation plants, control systems, pump trailers, concrete batch plants, liquid terminals, storage equipment and related parts, polymer plants, concrete mixers, cold central plant recycle systems, industrial automation controls, and telematics platforms, as well as service, construction and retrofits, and engineering and environmental permitting services. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. It provides its products to asphalt or concrete producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.
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