Astec Industries traded at $48.47 this Friday May 15th, decreasing $1.42 or 2.85 percent since the previous trading session. Looking back, over the last four weeks, Astec Industries lost 18.33 percent. Over the last 12 months, its price rose by 14.78 percent. Looking ahead, we forecast Astec Industries to be priced at 52.24 by the end of this quarter and at 49.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment comprises approximately12 sites and designs, engineers, manufactures and markets a complete line of asphalt plants, concrete plants and their related components and ancillary equipment as well as supplying other heavy equipment. The Materials Solutions segment comprises approximately nine sites and designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets. Its products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers, and construction, demolition, recycle and crushing contractors.