Astec Industries Inc (ASTE)
Astec Industries, Inc. is a leading provider of specialized equipment and components for highway construction and related activities, serving both domestic and international markets. Headquartered in Chattanooga, Tennessee, the company focuses on innovation and quality in the manufacturing of its products, which include asphalt plants, concrete plants, and crushing equipment. With a commitment to advancing sustainable practices within the construction industry, Astec leverages its extensive expertise to meet the evolving needs of its clients, positioning itself as a key player in infrastructure development. Its strategic initiatives aim to enhance operational efficiencies while fostering long-term growth opportunities.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 38.37% per annum.
- ASTE price at the close of March 4, 2026 was $62.63 and was higher than the top border of the primary price channel by $3.90 (6.64%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 651.32% per annum.
- ASTE price at the close of March 4, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ASTE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 29, 2024
End date: February 25, 2026
a = 2.3038
b = 0.0009
s = 0.0727
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0727) – 1
= 33.75%
May 29, 2024 calculations
Top border of price channel:
Exp(Y813)
= Exp(a + b × X813 + 2 × s)
= Exp(a + b × 1,181 + 2 × s)
= Exp(2.3038 + 0.0009 × 1,181 + 2 × 0.0727)
= Exp(3.5000)
= $33.12
Bottom border of price channel:
Exp(Y813)
= Exp(a + b × X813 – 2 × s)
= Exp(a + b × 1,181 – 2 × s)
= Exp(2.3038 + 0.0009 × 1,181 – 2 × 0.0727)
= Exp(3.2092)
= $24.76
February 25, 2026 calculations
Top border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(2.3038 + 0.0009 × 1,818 + 2 × 0.0727)
= Exp(4.0668)
= $58.37
Bottom border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(2.3038 + 0.0009 × 1,818 – 2 × 0.0727)
= Exp(3.7760)
= $43.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 38.37% per annum.
- ASTE price at the close of March 4, 2026 was $62.63 and was higher than the top border of the primary price channel by $3.90 (6.64%).
Secondary Trend
Start date: December 29, 2025
End date: March 4, 2026
a = -5.9443
b = 0.0055
s = 0.0337
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0055) – 1
= 651.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0337) – 1
= 14.45%
December 29, 2025 calculations
Top border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 + 2 × s)
= Exp(a + b × 1,760 + 2 × s)
= Exp(-5.9443 + 0.0055 × 1,760 + 2 × 0.0337)
= Exp(3.8473)
= $46.87
Bottom border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 – 2 × s)
= Exp(a + b × 1,760 – 2 × s)
= Exp(-5.9443 + 0.0055 × 1,760 – 2 × 0.0337)
= Exp(3.7123)
= $40.95
March 4, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-5.9443 + 0.0055 × 1,825 + 2 × 0.0337)
= Exp(4.2064)
= $67.12
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-5.9443 + 0.0055 × 1,825 – 2 × 0.0337)
= Exp(4.0714)
= $58.64
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 651.32% per annum.
- ASTE price at the close of March 4, 2026 was inside the secondary price channel.