Heartland Advisors Inc. lifted its position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,800 shares of the industrial products company's stock after purchasing an additional 7,250 shares during the quarter. Heartland Advisors Inc. owned 0.81% of Astec Industries worth $6,209,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ASTE. Tompkins Financial Corp acquired a new position in Astec Industries during the fourth quarter worth $34,000. R Squared Ltd acquired a new stake in shares of Astec Industries in the 4th quarter worth about $42,000. Point72 Asset Management L.P. acquired a new stake in shares of Astec Industries in the 3rd quarter worth about $45,000. Wilmington Savings Fund Society FSB bought a new position in Astec Industries in the 3rd quarter valued at about $49,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Astec Industries during the 3rd quarter valued at about $64,000. 93.16% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. StockNews.com upgraded Astec Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Robert W. Baird raised their price objective on Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th.
Check Out Our Latest Stock Analysis on ASTE
Astec Industries Stock Performance
Shares of Astec Industries stock traded up $0.27 during mid-day trading on Wednesday, hitting $34.99. 17,160 shares of the stock were exchanged, compared to its average volume of 156,747. The company has a market capitalization of $797.91 million, a P/E ratio of -437.32 and a beta of 1.32. 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 company has a 50-day simple moving average of $34.69 and a 200 day simple moving average of $34.26. Astec Industries, Inc. has a 12 month low of $28.46 and a 12 month high of $44.74.
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 for the quarter, topping the consensus estimate of $0.73 by $0.46. The business had revenue of $359.00 million for the quarter, compared to analysts' expectations of $374.10 million. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%.
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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.52 annualized dividend and a yield of 1.49%. Astec Industries's payout ratio is currently 273.68%.
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.
Recommended 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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
