Astec Industries, Inc. $ASTE Shares Sold by Legato Capital Management LLC

Posted by Brenda Bartman on May 26th, 2026

Legato Capital Management LLC lowered its holdings in Astec Industries, Inc. (NASDAQ:ASTE – Free Report) by 56.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,425 shares of the industrial products company’s stock after selling 30,976 shares during the period. Legato Capital Management LLC’s holdings in Astec Industries were worth $1,015,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new stake in shares of Astec Industries in the third quarter worth $50,000. Farther Finance Advisors LLC increased its position in shares of Astec Industries by 8,994.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Astec Industries by 412.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 1,780 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Astec Industries in the third quarter worth $136,000. Finally, AlphaQuest LLC acquired a new stake in shares of Astec Industries in the third quarter worth $194,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Insider Activity at Astec Industries

In other news, insider Edward Terrell Gilbert, Jr. sold 975 shares of Astec Industries stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $61.07, for a total value of $59,543.25. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.99% of the company’s stock.

Astec Industries Stock Performance

Shares of Astec Industries stock opened at $48.58 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.47. The firm’s 50-day simple moving average is $54.82 and its 200-day simple moving average is $51.47. 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, Inc. has a 1 year low of $36.43 and a 1 year high of $65.69.

Astec Industries (NASDAQ:ASTE – Get Free Report) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The company had revenue of $396.30 million during the quarter, compared to analyst estimates of $393.24 million. Equities analysts forecast that Astec Industries, Inc. will post 3.63 earnings per share for the current fiscal year.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Astec Industries’s payout ratio is 46.43%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ASTE shares. Freedom Capital raised shares of Astec Industries to a “strong-buy” rating in a research report on Wednesday, April 1st. Wall Street Zen lowered shares of Astec Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Longbow Research raised shares of Astec Industries to a “strong-buy” rating in a report on Monday, March 16th. Zacks Research lowered shares of Astec Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings lowered shares of Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

View Our Latest Stock Report on ASTE

Astec Industries Profile

(Free Report)

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.