Nisa Investment Advisors LLC Acquires 12,217 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Nisa Investment Advisors LLC lifted its position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 319.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,045 shares of the industrial products company's stock after purchasing an additional 12,217 shares during the period. Nisa Investment Advisors LLC owned 0.07% of Astec Industries worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Astec Industries during the 2nd quarter worth $689,000. Sei Investments Co. increased its position in Astec Industries by 38.6% during the second quarter. Sei Investments Co. now owns 61,038 shares of the industrial products company's stock worth $1,810,000 after acquiring an additional 16,984 shares during the period. Public Sector Pension Investment Board raised its stake in Astec Industries by 6.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 50,109 shares of the industrial products company's stock worth $1,486,000 after purchasing an additional 2,914 shares in the last quarter. Marshall Wace LLP bought a new stake in Astec Industries in the 2nd quarter valued at about $225,000. Finally, Squarepoint Ops LLC grew its position in shares of Astec Industries by 13.4% during the 2nd quarter. Squarepoint Ops LLC now owns 50,938 shares of the industrial products company's stock worth $1,511,000 after purchasing an additional 6,019 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ASTE has been the subject of a number of analyst reports. StockNews.com downgraded shares of Astec Industries from a "buy" rating to a "hold" rating in a research report on Wednesday. Robert W. Baird upped their target price on Astec Industries from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th.

Astec Industries Price Performance

Shares of NASDAQ:ASTE traded up $0.04 during midday trading on Wednesday, hitting $34.99. The stock had a trading volume of 97,583 shares, compared to its average volume of 207,305. 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 company has a market capitalization of $797.77 million, a P/E ratio of -437.32 and a beta of 1.31. The company's 50-day moving average price is $35.27 and its 200-day moving average price is $33.68. Astec Industries, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $44.74.

Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.31 EPS for the quarter, meeting the consensus estimate 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 revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share.

About Astec Industries

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.