John G Ullman & Associates Inc. decreased its stake in shares of Astec Industries, Inc. (NASDAQ:ASTE – Free Report) by 13.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,109 shares of the industrial products company’s stock after selling 23,567 shares during the quarter. Astec Industries comprises about 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 28th biggest holding. John G Ullman & Associates Inc.’s holdings in Astec Industries were worth $8,190,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Astec Industries by 1.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 818,031 shares of the industrial products company’s stock worth $39,372,000 after acquiring an additional 9,174 shares in the last quarter. Invesco Ltd. lifted its position in Astec Industries by 14.9% during the fourth quarter. Invesco Ltd. now owns 586,160 shares of the industrial products company’s stock worth $25,392,000 after acquiring an additional 75,989 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Astec Industries by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,031 shares of the industrial products company’s stock worth $18,672,000 after purchasing an additional 47,142 shares during the last quarter. Millennium Management LLC lifted its holdings in Astec Industries by 142.3% during the 4th quarter. Millennium Management LLC now owns 347,231 shares of the industrial products company’s stock worth $15,042,000 after purchasing an additional 203,911 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in Astec Industries by 15.2% in the 4th quarter. Kennedy Capital Management LLC now owns 342,563 shares of the industrial products company’s stock valued at $14,840,000 after purchasing an additional 45,203 shares during the period. Institutional investors own 93.16% of the company’s stock.
Wall Street Analysts Forecast Growth
ASTE has been the topic of a number of research reports. Zacks Research raised Astec Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings cut shares of Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Freedom Capital upgraded shares of Astec Industries to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Wall Street Zen downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.
Astec Industries Trading Down 2.1%
Shares of ASTE stock opened at $55.09 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.27 billion, a P/E ratio of 49.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.34. The stock has a 50 day simple moving average of $53.50 and a 200 day simple moving average of $54.19. Astec Industries, Inc. has a 1 year low of $37.82 and a 1 year high of $65.69.
Astec Industries (NASDAQ:ASTE – Get Free Report) last issued its quarterly 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 return on equity of 10.09% and a net margin of 1.75%.The company had revenue of $396.30 million for the quarter, compared to analyst estimates of $393.24 million. On average, research analysts predict that Astec Industries, Inc. will post 3.63 earnings per share for the current fiscal year.
Astec Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, May 13th. Astec Industries’s dividend payout ratio is presently 46.43%.
Astec Industries Company Profile
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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