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Astec Industries Is An Underplayed Investment On Infrastructure

Astec Industries (NASDAQ:ASTE) operates in the industrial space, with a focus on asphalt and aggregate products. Over the last twelve months, Astec has managed to grossly underperform the market and top rival Terex (NYSE:TEX). Analysts are giving little to no respect to the company, with nine of the ten analysts following the stock having a hold rating. However, as the need for infrastructure spending becomes more apparent in the U.S., and as global economies begin to urbanize, Astec will be one of the biggest benefactors.

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Astec has been around since the early 70s, designing and making various types of infrastructure related equipment. As a quick overview, Astec's asphalt makes products that include portable,...

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