UBS Group AG boosted its stake in Astec Industries, Inc. (NASDAQ:ASTE – Free Report) by 47.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,185 shares of the industrial products company’s stock after purchasing an additional 26,588 shares during the period. UBS Group AG’s holdings in Astec Industries were worth $3,604,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ASTE. iSAM Funds UK Ltd purchased a new position in Astec Industries in the 3rd quarter worth approximately $50,000. Farther Finance Advisors LLC grew its position in shares of Astec Industries by 8,994.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company’s stock worth $67,000 after buying an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Astec Industries by 412.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after buying an additional 1,780 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Astec Industries in the 3rd quarter worth approximately $136,000. Finally, AlphaQuest LLC bought a new stake in shares of Astec Industries in the 3rd quarter worth approximately $194,000. 93.16% of the stock is owned by hedge funds and other institutional investors.
Astec Industries Price Performance
Shares of ASTE stock opened at $48.58 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of 43.38, a P/E/G ratio of 1.22 and a beta of 1.47. Astec Industries, Inc. has a fifty-two week low of $36.43 and a fifty-two week high of $65.69. The business’s 50 day moving average price is $54.92 and its 200-day moving average price is $51.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.00 and a current ratio of 2.34.
Astec Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Astec Industries’s payout ratio is currently 46.43%.
Insider Buying and Selling at Astec Industries
In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total value of $59,543.25. Following the sale, the insider directly owned 8,828 shares of the company’s stock, valued at approximately $539,125.96. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.99% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ASTE. Freedom Capital upgraded Astec Industries to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings lowered Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Longbow Research upgraded Astec Industries to a “strong-buy” rating in a research report on Monday, March 16th. Wall Street Zen lowered Astec Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research lowered Astec Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
View Our Latest Analysis on ASTE
About Astec Industries
Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.
Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.
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