Astec Industries: Growing Faster Than the Market — A Buy While EBITDA Re-rates
Astec Industries is delivering above-peer growth in its Materials segment and guiding to materially higher adjusted EBITDA for 2026. The market has not fully priced that improvement: while the trailing P/E sits elevated, the company's $1.61B enterprise value implies an attractive ~9x EV/EBITDA on management's 2026 midpoint. We lay out an actionable…