The No. 1 AI Stock of 2024 (Not Nvidia)
It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.
Financials
| Curr Year EPS Estimate | 2.69 |
| Next Quarter EPS Estimate | 0.79 |
| Profit Margin | 0.05 |
| Return on Assets | 0.04 |
| Return on Equity | 0.08 |
| Revenue | 1,024,400,000 |
| Earnings Per Share | 2.05 |
| Revenue Per Share | 45.36 |
| Gross Profit | 240,100,000 |
| Quarterly Revenue Growth | -0.16 |
General
| Name | Astec Industries, Inc |
| Ticker | ASTE |
| Exchange | NASDAQ |
| Sector | Industrials |
| Industry | Farm & Heavy Construction Machinery |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 3,537 |
About 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. The company's Infrastructure Solutions segment designs, engineers, manufactures, and markets 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, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as offers engineering and environmental permitting services. This segment offers its products to asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, contractors in the construction and demolition recycling markets, and governmental agencies. Its Materials Solutions segment designs and manufactures crushing equipment, track-mounted systems, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular relocatable stationary plants, conveying equipment, plant automation products, mobile portable plants, and mineral processing equipment, as well as provides consulting and engineering services. Astec Industries, Inc. was founded in 1972 and is based in Chattanooga, Tennessee.
Dividend
Astec Industries, Inc pays out a dividend of $0.44 per share, with a dividend yield of 1.20%.
ASTE's last dividend payment was made to shareholders on March 30, 2021.
They pay out 21.89% of their earnings out as a dividend.
Recent Dividends
| Mar 29, 2024 | $0.13 |
| Dec 1, 2023 | $0.13 |
| Aug 31, 2023 | $0.13 |
| May 30, 2023 | $0.13 |
| Mar 30, 2023 | $0.13 |
| Dec 2, 2022 | $0.13 |
| Aug 29, 2022 | $0.12 |
| May 27, 2022 | $0.12 |
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