Today, the CEO of Astec Industries (NASDAQ: ASTE), Benjamin Brock, sold shares of ASTE for $1.97M.
Following Benjamin Brock’s last ASTE Sell transaction on April 28, 2015, the stock climbed by 12.0%.
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Based on Astec Industries’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $325 million and quarterly net profit of $20.27 million. In comparison, last year the company earned revenue of $318 million and had a net profit of $15.12 million. The company has a one-year high of $64.80 and a one-year low of $45.70. ASTE’s market cap is $1.26B and the company has a P/E ratio of 29.61.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $66.33, reflecting a -17.9% downside.
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Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building, utility and related construction activities as well as other products. It operates through the following segments: Infrastructure Group; Aggregate and Mining Group; and Energy Group.
