Baird Maintains Neutral Rating for Astec Industries: Here's What You Need To Know

Baird has decided to maintain its Neutral rating of Astec Industries ASTE and raise its price target from $45.00 to $50.00.

Shares of Astec Industries are trading down 1.27% over the last 24 hours, at $52.67 per share.

A move to $50.00 would account for a 5.07% decline from the current share price.

About Astec Industries

Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.