American Century Companies Inc. increased its stake in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 184.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,772 shares of the industrial products company's stock after acquiring an additional 117,858 shares during the quarter. American Century Companies Inc. owned about 0.80% of Astec Industries worth $6,108,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Centiva Capital LP purchased a new position in shares of Astec Industries during the third quarter worth about $353,000. Geode Capital Management LLC lifted its position in Astec Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 569,089 shares of the industrial products company's stock valued at $18,180,000 after purchasing an additional 22,743 shares during the period. Barclays PLC boosted its stake in shares of Astec Industries by 118.9% in the third quarter. Barclays PLC now owns 40,529 shares of the industrial products company's stock valued at $1,294,000 after buying an additional 22,017 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Astec Industries by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,586 shares of the industrial products company's stock worth $1,807,000 after purchasing an additional 15,736 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Astec Industries by 319.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company's stock worth $539,000 after buying an additional 12,217 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ASTE has been the topic of several research reports. Robert W. Baird upped their target price on Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. StockNews.com upgraded Astec Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th.
Check Out Our Latest Analysis on ASTE
Astec Industries Trading Up 8.5 %
Shares of Astec Industries stock traded up $2.61 during trading hours on Wednesday, reaching $33.26. The stock had a trading volume of 171,033 shares, compared to its average volume of 159,111. The firm has a market capitalization of $758.46 million, a price-to-earnings ratio of -415.70 and a beta of 1.39. Astec Industries, Inc. has a 1 year low of $28.46 and a 1 year high of $44.03. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $34.28 and a two-hundred day simple moving average of $34.23.
Astec Industries (NASDAQ:ASTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.73 by $0.46. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. The firm had revenue of $359.00 million for the quarter, compared to analyst estimates of $374.10 million.
Astec Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, March 10th. Astec Industries's dividend payout ratio (DPR) is presently 273.68%.
Astec Industries Profile
(
Free Report)
Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.
Featured Stories
Before you consider Astec Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Astec Industries wasn't on the list.
While Astec Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
