Astec Industries, Inc. (NASDAQ:ASTE) Shares Bought by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lifted its position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 21.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,692 shares of the industrial products company's stock after buying an additional 28,378 shares during the period. John G Ullman & Associates Inc. owned approximately 0.71% of Astec Industries worth $5,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Centiva Capital LP acquired a new position in shares of Astec Industries in the third quarter worth $353,000. Geode Capital Management LLC grew 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 worth $18,180,000 after acquiring an additional 22,743 shares in the last quarter. Barclays PLC grew 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 worth $1,294,000 after acquiring an additional 22,017 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Astec Industries by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 56,586 shares of the industrial products company's stock worth $1,807,000 after acquiring an additional 15,736 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Astec Industries by 319.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company's stock worth $539,000 after acquiring an additional 12,217 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

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Wall Street Analyst Weigh In

ASTE has been the subject of several research reports. StockNews.com upgraded shares of Astec Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Robert W. Baird lifted their price objective on shares of Astec Industries from $40.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th.

Astec Industries Stock Up 4.2 %

Shares of Astec Industries stock traded up $1.42 during trading on Wednesday, hitting $35.58. 161,945 shares of the stock were exchanged, compared to its average volume of 198,390. The stock has a market cap of $811.37 million, a price-to-earnings ratio of -444.69 and a beta of 1.31. The firm's 50-day moving average price is $33.61 and its 200 day moving average price is $33.75. Astec Industries, Inc. has a 12-month low of $28.46 and a 12-month 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.

Astec Industries (NASDAQ:ASTE - Get Free Report) last released 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 business had revenue of $359.00 million during the quarter, compared to analysts' expectations of $374.10 million.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $0.13 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.52 dividend on an annualized basis and a yield of 1.46%. Astec Industries's dividend payout ratio (DPR) is presently 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.