Astec Industries (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 (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.
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...
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