Astec Industries (NASDAQ:ASTE) Stock, Quote.Headers.trade-ideas

Astec Industries

Astec Industries Inc designs and manufactures equipment and components used 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 generating maximum revenue 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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Caterpillar (NYSE: CAT) has consistently traded above its 200-day simple moving average so far this year, indicating robust upward momentum. This reflects the company&#39;s solid financial performance, steady return to shareholders, and confidence in CAT&#39;s financial health and prospects.

Caterpillar Trades Above 200-Day SMA: How to Play the Stock?

Options

Investors in Astec Industries, Inc. (NASDAQ: ASTE) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $22.5 Put had some of the highest implied volatility of all equity options today.

Is the Options Market Predicting a Spike in Astec Stock?

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Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Astec Industries Inc

ASTELLAS PHARMA INC by Astellas Pharma, Inc.

Astellas Pharma Inc

ASTELLAS PHARMA UNSP/ADR by Astellas Pharma, Inc.

Astera Labs Inc

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.68 by 10.29 percent. This is a 29.89 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $345.50 million which beat the analyst consensus estimate of $332.54 million by 3.90 percent. This is a 1.29 percent decrease over sales of $350.00 million the same period last year.

Earnings Beats

Earnings Misses

Astec Industries Q2 Adj $0.61 Misses $0.69 Estimate, Sales $345.50M Beat $332.54M Estimate

Caterpillar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) has consistently traded above its 200-day simple moving average so far this year, indicating robust upward momentum. This reflects the company&#39;s solid financial performance, steady return to shareholders, and confidence in CAT&#39;s financial health and prospects.
<h3>CAT Trades Above 200-Day SMA</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/70754.jpg?v=1405189394" style="border-style:solid; border-width:1px; height:361px; width:600px" />
Image Source: Zacks Investment Research
Caterpillar shares have gained 32.2% in the past year, outperforming the industry&#39;s 28.4%. It has also outpaced the broader Zacks Industrial Products sector&#39;s 9.2% growth and the S&amp;P 500&#39;s climb of 27.8%.
<h3>CAT&#39;s One Year Price Performance Against Industry &amp; Broader Market</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/62/70755.jpg?v=213048743" style="border-style:solid; border-width:1px; height:361px; width:600px" />
Image Source: Zacks Investment Research
The stock&#39;s performance has been upbeat compared with its peers. Shares of Komatsu (OTC: <a class="ticker" href="https://www.benzinga.com/stock/kmtuy#OTC">KMTUY</a>) have risen 16%, whereas Astec (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) and Terex (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tex#NYSE">TEX</a>) have witnessed declines of 33.3% and 9.8%, respectively, in the same time span.
Is this the right time to buy CAT shares to gain from the potential upside? Let us delve deeper into the stock&#39;s fundamentals to find out.
<h3>Earnings Growth Consistent</h3>
Caterpillar has reported year-over-year improvements in earnings per share for thirteen straight quarters. This demonstrates resilience amid the significant challenges faced by the company and the broader industry during this period, including the pandemic, supply-chain disruptions and prolonged contraction in the manufacturing sector since November 2022.
The chart below shows an upward trend in CAT&#39;s EPS over the past three years. This feat was achieved by its cost-saving strategies, pricing actions and strong demand in its end markets. Notably, Caterpillar has delivered record EPS in 2023 and the first quarter of 2024.
<h3>Caterpillar&#39;s EPS Trend in Past 3 Years</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1e/70759.jpg?v=1716546660" style="border-style:solid; border-width:1px; height:301px; width:580px" />
Image Source: Zacks Investment Research
<h3>Backlog Robust &amp; End-Market Demand Upbeat</h3>
Caterpillar reported a solid backlog of $27.9 billion at the end of the first quarter of 2024. Backlog as a percentage of revenues is higher than historic levels, which poises the company well for the forthcoming few quarters.
The increase in projects enabled by the U.S. Infrastructure Investment and Jobs Act creates massive opportunities for Caterpillar&#39;s wide range of construction equipment.
The worldwide efforts in the transition to clean energy will require a huge amount of commodities, which, in turn, will boost the demand for Caterpillar&#39;s mining equipment. Miners are increasingly relying on autonomy to increase productivity and efficiency, reduce costs, and improve safety. Caterpillar has been enhancing its autonomous fleet to capitalize on these trends.
In Energy &amp; Transportation, strong order rates in most applications are expected to support revenues. In the Oil &amp; Gas sector, the increased focus on sustainability will drive the demand for CAT equipment. As technology companies establish data centers globally to support their generative AI applications, Caterpillar is witnessing robust order levels for reciprocating engines for data centers. The company is planning to double its output with a multi-year capital investment.
<h3>High-Margin Service Revenues Act as a Key Catalyst</h3>
In the e-commerce space, Caterpillar has been enhancing its digital product offerings. In 2023, the company added more than 100,000 customers to its online channel. In 2022, it had set a three-year goal to grow dealer parts sales through e-commerce by 50% from a baseline of $10 million per day and has already achieved the goal.
CAT has been seeing growth in aftermarket parts and service-related revenues, which generate high margins. Caterpillar is on track to double its services revenues from $14 billion in 2016 to $28 billion in 2026.
<h3>Solid Liquidity &amp; Attractive Dividend Yield &amp; Payout</h3>
Caterpillar&#39;s cash and liquidity position remains strong, which enables it to invest in business while returning cash to shareholders. Machinery and Energy &amp; Transportation&#39;s (ME&amp;T) free cash was a record $10 billion in 2023 and was $1.3 billion in the first quarter of 2024. It expects the free cash flow in 2024 to be in the top half of $5-$10 billion. The company returned a record $5.1 billion in cash as share repurchases and dividends in the first quarter of 2024. CAT has a target to return all of its ME&amp;T free cash flow to shareholders over time.
In June 2024, Caterpillar announced an 8% hike in the quarterly dividend to $1.41 per share. The company has a five-year dividend growth rate of 6.1%. CAT&#39;s 1.57% dividend yield is higher than the sector&#39;s yield of 1.50% and the S&amp;P 500&#39;s 1.26%.
CAT has a payout ratio of 23.7%, higher than the industry&#39;s 22.5%. The company has a solid track of paying higher dividends to shareholders for 30 straight years and is a member of the S&amp;P 500 Dividend Aristocrat Index.
CAT has also added $20 billion to its existing share repurchase authorization, which was launched in 2022 with no expiration date. This entitles Caterpillar to repurchase up to $21.8 billion of its common stock.
<h3>Generating Returns Higher Than Broader Market</h3>
Return on equity &mdash; a profitability measure of how prudently the company is utilizing its shareholders&#39; funds &mdash; is 57%, higher than the sector&#39;s average of 22.8% and the S&amp;P 500&#39;s 28.2%.
CAT&#39;s Return on Assets is at 12.7%, ahead of the sector&#39;s 7.5% and the S&amp;P 500&#39;s 7.1%, indicating that the company has been utilizing its assets efficiently to generate returns.
<h3>Upbeat Earnings Estimates</h3>
Caterpillar expects revenues in 2024 to be in line with the record 2023 revenues of $67 billion. The company maintains its guidance of revenues at $42-$72 billion. According to the revenue levels, margins are expected between 10% and 22%. The adjusted operating margin in 2024 is expected to be in the top half of the target range corresponding to the expected level of revenues.
<h3>CAT&#39;s Guidance Range</h3>
<img alt="Caterpillar" src="https://staticx-tuner.zacks.com/images/articles/charts/52/70761.jpg?v=1725444044" style="border-style:solid; border-width:1px; height:361px; width:600px" />
Image Source: Caterpillar
The Zacks Consensus Estimate for 2024 earnings indicates year-over-year growth of 2.45% and 5.90% for 2025. CAT has a long-term EPS growth rate of 8.9%.
<h3>Valuation</h3>
CAT is currently trading at a forward 12-month P/E of 14.68, at a premium compared with the industry&#39;s 14.22X. The stock is also not cheap when compared with Komatsu, Terex and Manitowoc, all of which are currently trading below the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c8/70786.jpg?v=102732841" style="border-style:solid; border-width:1px; height:315px; width:620px" />
Image Source: Zacks Investment Research
<h3>To Sum Up</h3>
Caterpillar&#39;s solid long-term demand prospects, backed by infrastructure spending and energy-transition trends, as well as its focus on growing service revenues, should help it maintain an upbeat performance. The company is also returning value to shareholders through share buybacks and consistent dividend payments. Existing stakeholders should maintain their position in this Zacks Rank #3 (Hold) stock, while new investors should wait for a better entry point, given its higher valuation.
<a href="https://www.zacks.com/stock/news/2298572/caterpillar-cat-trades-above-200-day-sma-how-to-play-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2298572">To read this article on Zacks.com click here.</a>

Investors in Astec Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $22.5 Put had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for Astec shares, but what is the fundamental picture for the company? Currently, Astec is a Zacks Rank #5 (Strong Sell) in the Manufacturing - Construction and Mining industry that ranks in the Bottom 23% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased the earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 84 cents per share to 72 cents in that period.
Given the way analysts feel about Astec right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2292933/is-the-options-market-predicting-a-spike-in-astec-aste-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2292933">To read this article on Zacks.com click here.</a>

Stifel analyst Stanley Elliott downgrades Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) from Buy to Hold and lowers the price target from $47 to $37.

Downgrades

Price Target

Stifel Downgrades Astec Industries to Hold, Lowers Price Target to $37

Shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">guidance for the second quarter</a>.
AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares jumped 97.5% to $3.2199. CytomX Therapeutics will report first quarter 2024 results and issue an initial CX-904 Phase 1a clinical data update on May 8.</li>
<li>IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) gained 41.3% to $1.2150 after jumping around 54% on Tuesday.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) gained 39.5% to $0.1295. Shares of cannabis-related stocks traded higher following reports suggesting the DEA plans to reclassify cannabis as a less dangerous drug.</li>
<li>Getaround, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) rose 35% to $0.2741 after the company announced it secured up to $50 million in additional financing.</li>
<li>Rocky Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) gained 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 28% to $7.72 after the company announced completion of its analysis to determine the effects of bioactivated PALI-2108 on TNF-α production in a whole blood assay.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) shares rose 28% to $120.26 after the company raised its 2024 guidance.</li>
<li>Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) gained 27.2% to $32.69 following strong quarterly results.</li>
<li>DecisionPoint Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPSI#NASDAQ">DPSI</a>) rose 24.6% to $10.03 as the company agreed to go private in all-cash transaction.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) rose 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) jumped 23.2% to $176.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) climbed 20% to $3.1887 following quarterly results.</li>
<li>Bio-Techne Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) jumped 20.1% to $75.89 following upbeat quarterly results.</li>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 18% to $8.87.</li>
<li>A10 Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) gained 17.7% to $15.38 following better-than-expected quarterly results.</li>
<li>Pinterest, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) rose 17.5% to $39.29 following strong first-quarter earnings and upbeat second-quarter guidance.</li>
<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares climbed 17.2% to $81.66 after the company reported better-than-expected first-quarter financial results.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 17.2% to $8.82 following upbeat earnings.</li>
<li>UFP Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPT#NASDAQ">UFPT</a>) jumped 13.8% to $234.34 following upbeat earnings.</li>
<li>Conduent Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) rose 13.7% to $3.58 after the company reported better-than-expected first-quarter results and issued strong FY24 guidance.</li>
<li>Stagwell Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) gained 13.1% to $6.73 following upbeat earnings.</li>
<li>The Chefs&#8217; Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) climbed 11.5% to $36.89 following strong quarterly earnings.</li>
<li>Garmin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NASDAQ">GRMN</a>) rose 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) rose 9.9% to $1.5699 after the company announced a collaboration with FluGen for an intranasal flu vaccine.</li>
<li>Trinity Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>) gained 9.4% to $28.48 following upbeat earnings.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) gained 6.8% to $9.48.</li>
<li>Lion Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares gained 6.5% to $0.5188 after the company reported a year-over-year increase in FY23 financial results.</li>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares gained 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares fell 73.1% to $0.3054 after the company announced pricing of a $10 million upsized underwritten public offering.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) dipped 61.8% to $9.41.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 40.2% to $9.27 after the company reported worse-than-expected first-quarter financial results. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral and lowered the price target from $36 to $13.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) fell 29.1% to $12.81 after the company reported worse-than-expected first-quarter financial results. The company also reduced its dividend.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) dipped 28.8% to $0.6052.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) fell 25.5% to $1.90</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) dipped 25% to $11.16.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) declined 22.3% to $0.1883.</li>
<li>Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) fell 21.1% to $32.99 following downbeat quarterly results.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) dipped 19.4% to $54.55 following worse-than-expected first-quarter EPS and revenues.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined 15.9% to $721.99 following mixed third-quarter financial results.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) fell 15.8% to $74.54 following weaker-than-expected second-quarter earnings.</li>
<li>Ryerson Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) declined 15.1% to $24.25 after posting a loss for the first quarter.</li>
<li>DigitalBridge Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NASDAQ">DBRG</a>) fell 14.4% to $14.08 after the company reported first-quarter financial results.</li>
<li>Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) dipped 14% to $41.04 after the company reported mixed second-quarter financial results and cut FY24 adjusted EPS guidance below estimates.</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares fell 13.7% to $92.01 after the company reported second-quarter financial results and issued third-quarter revenue guidance with the midpoint below estimates.</li>
<li>Sobr Safe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares declined 12.2% to $0.2801.</li>
<li>SiteOne Landscape Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NASDAQ">SITE</a>) fell 11.6% to $138.66 after the company reported mixed first-quarter financial results.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) fell 11% to $16.84 following a first-quarter revenue miss and soft FY24 guidance.</li>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell 10.5% to $13.38 after the company reported worse-than-expected first-quarter sales results and cut FY24 adjusted EPS guidance.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) fell 9.7% to $132.39 after the company reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) fell 9% to $111.68 after the company reported first-quarter financial results and issued guidance.</li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) dipped 8.8% to $66.59. A report earlier today indicated federal prosecutors are examining the company&#8217;s financial transactions.</li>
<li>The Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) fell 8.2% to $41.10 after the company reported first-quarter financial results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares declined 7.9% to $1.2801. Polestar delayed annual report due to accounting errors.</li>
<li>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) fell 6.3% to $36.19 following mixed first-quarter results.</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) fell 6% to $139.09 after the company reported worse-than-expected third-quarter sales results.</li>
</ul>
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Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock moved upwards by 24.2% to $2.61 during Wednesday's regular session. The company's market cap stands at $226.6 million. </li>
<li>Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) stock moved upwards by 22.25% to $174.82. The market value of their outstanding shares is at $2.0 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) stock increased by 15.24% to $0.23. The market value of their outstanding shares is at $21.7 million. </li>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) stock increased by 14.0% to $0.8. The market value of their outstanding shares is at $68.1 million. </li>
<li>Hyliion Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) shares moved upwards by 13.95% to $1.47. The company's market cap stands at $257.7 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Conduent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) stock rose 12.06% to $3.53. The market value of their outstanding shares is at $736.5 million. As per the news, the Q1 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) shares fell 18.1% to $34.25 during Wednesday's regular session. The company's market cap stands at $778.9 million. The company's, Q1 earnings came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares fell 15.99% to $0.66. The market value of their outstanding shares is at $9.8 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock decreased by 15.41% to $11.59. The company's market cap stands at $78.7 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) stock decreased by 15.22% to $1.17. The market value of their outstanding shares is at $32.0 million. </li>
<li>Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) shares fell 13.65% to $41.21. The market value of their outstanding shares is at $2.8 billion. As per the press release, Q2 earnings came out yesterday. </li>
<li>Global Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) stock declined by 10.92% to $34.3. The company's market cap stands at $1.3 billion. As per the press release, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ELWS

HYLN

LICN

SWVL

VATE

12 Industrials Stocks Moving In Wednesday's Intraday Session

WIIM

Astec Industries shares are trading lower following worse-than-expected Q1 financial results.

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly Adj earnings of $0.34 per share which missed the analyst consensus estimate of $0.81 by 58.02 percent. This is a 62.22 percent decrease over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $309.200 million which missed the analyst consensus estimate of $343.268 million by 9.92 percent. This is a 11.12 percent decrease over sales of $347.900 million the same period last year.

Astec Industries Q1 2024 Adj EPS $0.34 Misses $0.81 Estimate, Sales $309.200M Miss $343.268M Estimate

Weyenberg will remain employed by the company on an advisory basis through April 30, 2024, to assist in the transition.&nbsp;Astec&#39;s Board of Directors has initiated a search process to identify the Company&#39;s next CFO and has retained a nationally recognized search firm to assist in evaluating candidates for the role.

Management

Astec Industries CFO Rebecca A. Weyenberg To Step Down; Heinrich Jonker Named As CFO On An Interim Basis, Effective Immediately

Astec Industries shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.68 by 32.35 percent. This is a 164.71 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $337.20 million which missed the analyst consensus estimate of $347.29 million by 2.91 percent. This is a 3.63 percent decrease over sales of $349.90 million the same period last year.

Astec Industries Q4 Adj. EPS $0.90 Beats $0.68 Estimate, Sales $337.20M Miss $347.29M Estimate

Stifel analyst Stanley Elliott maintains Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) with a Buy and raises the price target from $41 to $42.

Stifel Maintains Buy on Astec Industries, Raises Price Target to $42

Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) announced today that Michael Norris will now serve as Materials Solutions Group President. Mr. Norris joined Astec Industries in January of 2018 as VP International and currently serves as Senior Vice President – International and Aftermarket Sales, a role he assumed in 2021. &nbsp;
Jaco van der Merwe, President and CEO, said, "Michael has been an invaluable asset since joining in 2018 and we are excited to announce his well-deserved appointment as our Group President for Materials Solutions. He is a seasoned leader whose profound knowledge of our Materials Solutions, Aftermarket and International markets, services, and products position him as the ideal candidate to drive innovation and guide our business forward."
Mr. Norris commented, "I'm honored to step into the role of Group President for our Materials Solutions segment. In my almost six years with Astec, I've been continually inspired by the team's dedication and exceptional skills. I am eager to lead and collaborate with this talented group. Together, we'll keep innovating and achieving new successes, building on our strong foundation. I'm grateful for the opportunity and look forward to contributing to the continued growth and excellence of Astec."
About Michael Norris Michael Norris joined the Company in January of 2018, bringing a wealth of experience and knowledge from an impressive 28-year career in the Mining and Construction industry. During his tenure in the sector, he held various leadership roles at industry giants, including Sandvik Mining &amp; Construction and Kobelco America (now CNH). Mr. Norris has a Bachelor of Science in Mechanical Engineering from Auburn University and a Master of Business Administration from Kennesaw State University. Mr. Norris is also active in the community as the Chair Board member of a non-proﬁt organization, the Bethlehem Center, based in Chattanooga, Tennessee.

Astec Industries, Inc. Announces  Michael Norris Will Now Serve As Materials Solutions Group President

Wednesday marks the last chance for investors to receive the next dividend payout from Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 13 cents per share. On Thursday, Astec Industries will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 13 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ASTE as of the end of Wednesday's session are eligible to receive the 13 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/ASTE">Monitor live stock price updates for Astec Industries on Benzinga.</a>

Dividends

Astec Industries's Ex-Dividend Date Is Thursday, Here's What You Need To Know

<h3>Gainers</h3>
<ul>
<li>Cellectis S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clls#NASDAQ">CLLS</a>) shares jumped 136% to $2.2799. Cellectis reported strategic collaboration and investment agreements with AstraZeneca. Cellectis also presented pre-clinical data on multi-armored allogeneic MUC1-CAR T-cells targeting triple-negative breast cancer at the Society for Immunotherapy of Cancer 38th Annual Meeting.</li>
<li>Patriot Transportation Holding, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pati#NASDAQ">PATI</a>) climbed 104.8% to $15.73. Patriot Transportation announced an agreement under which United Petroleum Transports will acquire all of the outstanding shares of Patriot common stock for $16.26 per share in cash.</li>
<li>Aldeyra Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aldx#NASDAQ">ALDX</a>) gained 33% to $2.2780. Aldeyra Therapeutics entered into an exclusive option agreement with AbbVie Inc.</li>
<li>ShiftPixy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pixy#NASDAQ">PIXY</a>) climbed 30% to $6.82.</li>
<li>Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) shares rose 29% to $0.5782. Monopar presented data showing tumor reduction benefit of camsirubicin from ongoing Phase 1b in patients with advanced soft tissue sarcoma at the 2023 Connective Tissue Oncology Society Annual Meeting.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) climbed 26.8% to $9.80 following third-quarter results.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) gained 25% to $3.08. On Monday, the company announced that it is in compliance with all applicable Nasdaq listing standards.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zvsa#NASDAQ">ZVSA</a>) climbed 20% to $0.0984. ZyVersa Therapeutics announced publication in molecular neurobiology reinforcing data demonstrating that inflammasome ASC inhibitor IC 100 attenuates the inflammatory response causing neuronal damage in multiple sclerosis model.</li>
<li>EUDA Health Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/euda#NASDAQ">EUDA</a>) rose 18.6% to $1.02.</li>
<li>GDEV Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdev#NASDAQ">GDEV</a>) shares gained 16.2% to $2.35 after falling 11% on Tuesday.</li>
<li>Maison Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mss#NASDAQ">MSS</a>) climbed 14.5% to $6.31.</li>
<li>Generac Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) gained 13.7% to $95.60 following upbeat earnings.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) gained 13.5% to $35.04 following quarterly results.</li>
<li>Davis Commodities Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtck#NASDAQ">DTCK</a>) rose 13.4% to $4.1850.</li>
<li>Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>) gained 13.4% to $6.44 following strong quarterly results.</li>
<li>The Scotts Miracle-Gro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>) rose 11.8% to $49.70 following upbeat results.</li>
<li>Mercurity Fintech Holding Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfh#NYSE">MFH</a>) surged 11.4% to $0.9950.</li>
<li>Garmin Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grmn#NYSE">GRMN</a>) gained 10.4% to $113.16 after the company posted upbeat third-quarter results and raised FY23 guidance.</li>
<li>Frontdoor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftdr#NASDAQ">FTDR</a>) climbed 10.2% to $31.89 following strong results.</li>
<li>Assurant, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aiz#NYSE">AIZ</a>) rose 10.2% to $164.09 following third quarter results.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) shares climbed 10.1% to $0.7049. Sientra shares fell 56% on Tuesday after the company withdrew its FY23 guidance and reported interim third-quarter financial results.</li>
<li>Apollo Global Management, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) gained 10% to $85.17 after reporting third-quarter results.</li>
<li>Plus Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstv#NASDAQ">PSTV</a>) shares rose 9% to $1.34 after the company reported third-quarter financial results and announced a share repurchase program.</li>
<li>The Chefs&#39; Warehouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>) gained 9% to $20.74 following strong sales.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>WeWork Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/we#NYSE">WE</a>) shares dipped 51.5% to $1.1050 following reports that the company is nearing bankruptcy.</li>
<li>CohBar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwbr#NASDAQ">CWBR</a>) fell 48.2% to $0.91. CohBar said on Nov. 1, it got termination notice from Morphogenesis, effective Nov. 1 and merger agreement was terminated in accordance with terms.</li>
<li>IRIDEX Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irix#NASDAQ">IRIX</a>) fell 44.2% to $1.83. Iridex has withdrawn its previously announced annual guidance for 2023 and plans to provide additional information during its third-quarter earnings release based on the information available at that time.</li>
<li>Tempo Automation Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmpo#NASDAQ">TMPO</a>) shares fell 37.8% to $0.0516 after dipping 30% on Tuesday.</li>
<li>Paycom Software, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) fell 37.2% to $153.96. Paycom Software reported worse-than-expected third-quarter sales results and issued FY23 revenue guidance below estimates.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) fell 30% to $0.5205.</li>
<li>MasTec, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtz#NYSE">MTZ</a>) fell 23.2% to $45.63 following weak sales.</li>
<li>Lumen Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lumn#NYSE">LUMN</a>) dipped 23.2% to $1.1200 following weak earnings.</li>
<li>Astec Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) declined 21.6% to $31.40 following downbeat results.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) fell 22% to $0.4678. Motus GI said 1-for-15 reverse stock split, will begin trading on split-adjusted basis Nov. 2.</li>
<li>The Est&eacute;e Lauder Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE">EL</a>) dipped 20.5% to $102.35 following its first quarter results and lackluster outlook.</li>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) fell 18.8% to $1.3397 following weak results.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tnxp#NASDAQ">TNXP</a>) shares fell 18.2% to $0.4825 after the company reported topline results from Phase 2 proof-of-concept study of TNX-601 ER for the treatment of major depressive disorder.</li>
<li>Conduent Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cndt#NASDAQ">CNDT</a>) dropped 17% to $2.6490 following weak earnings.</li>
<li>Yum China Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) shares fell 16.9% to $43.67 after the company reported worse-than-expected financial results for its third quarter.</li>
<li>Match Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtch#NASDAQ">MTCH</a>) declined 16.2% to $29.00 after reporting third-quarter results and issuing fourth-quarter guidance.</li>
<li>Big 5 Sporting Goods Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgfv#NASDAQ">BGFV</a>) shares fell 14.6% to $6.02 after the company reported weaker-than-expected results for its third quarter.</li>
<li>Extreme Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/extr#NASDAQ">EXTR</a>) dipped 14.6% to $17.62 after the company reported first-quarter financial results and issued second-quarter guidance below estimates.</li>
<li>Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) fell 14.4% to $7.81 following downbeat results.</li>
<li>Silicon Laboratories Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slab#NASDAQ">SLAB</a>) fell 14.2% to $79.13 after the company reported third quarter financial results and issued fourth-quarter guidance.</li>
<li>Fresh Del Monte Produce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdp#NYSE">FDP</a>) declined 13.3% to $21.67 following downbeat results.</li>
<li>Puyi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/puyi#NASDAQ">PUYI</a>) fell 12.7% to $6.29.</li>
<li>TPG RE Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trtx#NYSE">TRTX</a>) declined 12.3% to $4.83 following weak results.</li>
<li>SunCoke Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxc#NYSE">SXC</a>) fell 11.7% to $8.40 following third-quarter results.</li>
<li>Paylocity Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcty#NASDAQ">PCTY</a>) dropped 10% to $161.41.</li>
<li>Canada Goose Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/goos#NYSE">GOOS</a>) dipped 10% to $9.99 following quarterly results.</li>
<li>SiteOne Landscape Supply, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/site#NYSE">SITE</a>) fell 9.7% to $124.32 following weak earnings.</li>
<li>Unum Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unm#NYSE">UNM</a>) fell 8.3% to $44.82 following weak sales.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) fell 7.8% to $3.9350 following quarterly results.</li>
<li>BAIYU Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/byu#NASDAQ">BYU</a>) fell 7.7% to $1.9201 after dipping 19% on Tuesday.</li>
<li>Synaptics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) fell 7% to $77.90.</li>
</ul>
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Penny Stocks

ALDX

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EUDA

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Kintara Therapeutics, Inc. - Common Stock

KTRA

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MNPR

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Merrill Lynch & Strategic Return Notes for Select 10 Index

MTCH

NMRK

PATI

PAYC

PCTY

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SIEN

SLAB

SPWR

SYNA

TMPO

TNXP

TRTX

YUMC

ZVSA

Why Extreme Networks Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) shares moved upwards by 13.0% to $5.92 during Wednesday's regular session. The current volume of 1.8 million shares is 1489.5% of ShiftPixy's average full-day volume over the last 100 days (last updated at 13:31 EST). The company's market cap stands at $3.3 million. </li>
<li>Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) shares increased by 12.69% to $94.75. As of 13:31 EST, this security is trading at a volume of 1.9 million shares, making up 131.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.8 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) stock rose 12.28% to $1.28. The company's market cap stands at $1.8 million. </li>
<li>BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) shares increased by 10.54% to $78.61. Trading volume for BlueLinx Hldgs's stock is 130.5K as of 13:31 EST. This is 187.8% of its average full-day volume over the last 100 days. The company's market cap stands at $707.7 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Trane Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) stock moved upwards by 10.4% to $210.12. Trading volume for this security as of 13:31 EST is 1.9 million, which is 170.3% of its average full-day volume over the last 100 days. The company's market cap stands at $47.9 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Alight (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALIT#NYSE">ALIT</a>) stock increased by 9.86% to $7.29. As of 13:31 EST, this security is trading at a volume of 4.3 million shares, making up 122.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.6 billion. As per the press release, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) shares decreased by 37.8% to $152.44 during Wednesday's regular session. Trading volume for this security as of 13:31 EST is 6.7 million, which is 1212.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.8 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) stock declined by 24.03% to $30.42. As of 13:31 EST, Astec Industries's stock is trading at a volume of 278.9K, which is 267.6% of its average full-day volume over the last 100 days. The company's market cap stands at $691.6 million. The company's, Q3 earnings came out today. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock declined by 20.14% to $1.19. The market value of their outstanding shares is at $10.7 million. </li>
<li>MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) stock declined by 18.82% to $48.26. Trading volume for MasTec's stock is 3.5 million as of 13:31 EST. This is 392.6% of its average full-day volume over the last 100 days. The company's market cap stands at $3.8 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Quad/Graphics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QUAD#NYSE">QUAD</a>) stock decreased by 18.0% to $4.01. Trading volume for Quad/Graphics's stock is 347.0K as of 13:31 EST. This is 172.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $206.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>SiteOne Landscape Supply (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NYSE">SITE</a>) shares declined by 13.55% to $119.11. SiteOne Landscape Supply's stock is trading at a volume of 851.1K shares as of 13:31 EST. This is 341.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.3 billion. The company's, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Astec Industries shares are trading lower after the company reported worse-than-expected Q3 results.

<h3>Gainers</h3>
<ul>
<li>Bitcoin Depot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTM#NASDAQ">BTM</a>) shares rose 14.3% to $2.96 during Wednesday's pre-market session. The company's market cap stands at $39.0 million. </li>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) shares rose 12.07% to $0.38. The market value of their outstanding shares is at $16.8 million. </li>
<li>Driven Brands Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRVN#NASDAQ">DRVN</a>) shares rose 10.8% to $12.61. The market value of their outstanding shares is at $2.1 billion. The company's, Q3 earnings came out today. </li>
<li>Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) shares rose 8.83% to $91.5. The company's market cap stands at $5.6 billion. The company's, Q3 earnings came out today. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) shares increased by 8.33% to $1.43. The company's market cap stands at $281.3 million. </li>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) stock rose 6.59% to $1.94. The company's market cap stands at $96.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock fell 39.0% to $149.5 during Wednesday's pre-market session. The market value of their outstanding shares is at $8.6 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Aenza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AENZ#NYSE">AENZ</a>) shares decreased by 23.05% to $1.77. The market value of their outstanding shares is at $141.2 million. </li>
<li>MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) stock decreased by 16.22% to $49.8. The company's market cap stands at $3.9 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares fell 12.65% to $3.73. The market value of their outstanding shares is at $653.4 million. The company's, Q3 earnings came out today. </li>
<li>Paylocity Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) stock fell 10.82% to $160.0. The company's market cap stands at $8.9 billion. </li>
<li>Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) shares declined by 10.09% to $36.0. The market value of their outstanding shares is at $818.5 million. The company's, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's Pre-Market Session

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.62 by 101.61 percent. This is a 103.57 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $303.10 million which missed the analyst consensus estimate of $332.77 million by 8.92 percent. This is a 3.84 percent decrease over sales of $315.20 million the same period last year.

Astec Industries Q3 2023 Adj EPS $(0.01) Misses $0.62 Estimate, Sales $303.10M Miss $332.77M Estimate

Baird has decided to maintain its Neutral rating of Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) 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.
<h3>About Astec Industries</h3>
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.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Press Releases

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's First Quarter Conference Call on May 1, 2024 at 8:30 A.M. Eastern Time

Astec Announces Quarterly Dividend

Astec Reports First Quarter 2024 Results

Legal

Breaking News: Johnson Fistel, LLP Launches Investigation into Astec

Astec to participate in Stifel's 2024 Cross Sector Insight Conference

The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Publicly-Traded Astec Industries, Inc. Common Stock - ASTE

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Second Quarter Conference Call on August 7, 2024 at 8:30 A.M. Eastern Time

Astec Reports Second Quarter 2024 Results

Astec Industries, Inc. (NASDAQ: ASTE) to Present at Sidoti Small-Cap Virtual Investor Conference on September 19, 2024 at 10:00 A.M. Eastern Daylight Time

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