First Eagle Investment Management LLC grew its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,851 shares of the industrial products company's stock after purchasing an additional 25,000 shares during the quarter. First Eagle Investment Management LLC owned about 1.08% of Astec Industries worth $8,261,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of ASTE. Tompkins Financial Corp bought a new position in Astec Industries in the 4th quarter worth $34,000. R Squared Ltd bought a new position in Astec Industries in the 4th quarter worth $42,000. Point72 Asset Management L.P. bought a new position in Astec Industries in the 3rd quarter worth $45,000. Wilmington Savings Fund Society FSB bought a new position in Astec Industries in the 3rd quarter worth $49,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Astec Industries in the 3rd quarter worth $64,000. Institutional investors own 93.16% of the company's stock.
Astec Industries Stock Performance
Shares of NASDAQ:ASTE traded down $0.40 on Tuesday, hitting $36.24. 127,813 shares of the company were exchanged, compared to its average volume of 148,473. The company's 50 day moving average price is $34.12 and its two-hundred day moving average price is $33.92. 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 quick ratio of 0.91 and a current ratio of 2.47. The firm has a market capitalization of $826.42 million, a price-to-earnings ratio of -452.94 and a beta of 1.32.
Astec Industries (NASDAQ:ASTE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $359.00 million for the quarter, compared to the consensus estimate of $374.10 million.
Astec Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.52 annualized dividend and a dividend yield of 1.43%. Astec Industries's payout ratio is 273.68%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Astec Industries from $40.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Astec Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th.
Get Our Latest Report on ASTE
Astec Industries Company 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.
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