Barclays PLC boosted its holdings in Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 118.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,529 shares of the industrial products company's stock after acquiring an additional 22,017 shares during the quarter. Barclays PLC owned about 0.18% of Astec Industries worth $1,294,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Astec Industries by 69.8% in the third quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 458 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Astec Industries during the 3rd quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Astec Industries in the 3rd quarter worth approximately $64,000. Point72 DIFC Ltd acquired a new position in Astec Industries during the third quarter worth $69,000. Finally, Northwest Investment Counselors LLC acquired a new position in Astec Industries during the third quarter worth $72,000. Institutional investors and hedge funds own 93.16% of the company's stock.
Astec Industries Stock Performance
NASDAQ ASTE opened at $31.34 on Monday. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. The stock has a market cap of $714.61 million, a price-to-earnings ratio of -391.70 and a beta of 1.31. Astec Industries, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $44.74. The business has a fifty day moving average of $35.89 and a 200-day moving average of $33.28.
Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. The business had revenue of $291.40 million during the quarter, compared to the consensus estimate of $312.90 million. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. The company's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) earnings per share.
Astec Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, November 13th. Astec Industries's dividend payout ratio is currently -650.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on ASTE shares. StockNews.com upgraded Astec Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Robert W. Baird raised their target price on shares of Astec Industries from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, November 7th.
Check Out Our Latest Stock Report on ASTE
About Astec Industries
(
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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