Advisors Asset Management Inc. Has $3.48 Million Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

Advisors Asset Management Inc. raised its stake in Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 33.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,635 shares of the industrial products company's stock after acquiring an additional 26,055 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.45% of Astec Industries worth $3,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASTE. State Street Corp raised its position in Astec Industries by 3.1% in the third quarter. State Street Corp now owns 875,128 shares of the industrial products company's stock valued at $27,952,000 after purchasing an additional 26,256 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 22,743 shares during the period. Harvey Partners LLC boosted its position in Astec Industries by 101.4% during the 3rd quarter. Harvey Partners LLC now owns 282,000 shares of the industrial products company's stock worth $9,007,000 after buying an additional 142,000 shares during the period. First Eagle Investment Management LLC boosted its position in Astec Industries by 11.3% during the 4th quarter. First Eagle Investment Management LLC now owns 245,851 shares of the industrial products company's stock worth $8,261,000 after buying an additional 25,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Astec Industries by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 243,136 shares of the industrial products company's stock worth $8,169,000 after buying an additional 9,635 shares during the period. 93.16% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com raised Astec Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Robert W. Baird boosted their target price on shares of Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, February 27th.

Astec Industries Trading Down 1.0 %

Shares of NASDAQ:ASTE traded down $0.36 during mid-day trading on Tuesday, hitting $36.36. The company had a trading volume of 87,273 shares, compared to its average volume of 149,494. Astec Industries, Inc. has a one year low of $28.46 and a one year high of $44.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.47 and a quick ratio of 0.91. The company has a market capitalization of $829.15 million, a PE ratio of -454.44 and a beta of 1.32. The firm has a fifty day moving average price of $34.48 and a 200 day moving average price of $34.05.

Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its 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 positive return on equity of 7.69% and a negative net margin of 0.15%. The company had revenue of $359.00 million during the quarter, compared to the consensus estimate of $374.10 million.

Astec Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, March 10th. Astec Industries's dividend payout ratio is currently 273.68%.

Astec Industries Company Profile

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.