Trexquant Investment LP increased its position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 198.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,175 shares of the industrial products company's stock after purchasing an additional 13,424 shares during the period. Trexquant Investment LP owned 0.09% of Astec Industries worth $678,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Tompkins Financial Corp purchased a new stake in Astec Industries during the 4th quarter worth about $34,000. R Squared Ltd acquired a new stake in shares of Astec Industries during the 4th quarter worth about $42,000. Point72 Asset Management L.P. purchased a new stake in Astec Industries during the third quarter worth approximately $45,000. Wilmington Savings Fund Society FSB acquired a new position in Astec Industries in the third quarter valued at approximately $49,000. Finally, Meeder Asset Management Inc. purchased a new position in Astec Industries in the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 93.16% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Astec Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Robert W. Baird boosted their price target on shares of Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th.
Get Our Latest Stock Report on Astec Industries
Astec Industries Stock Performance
ASTE traded up $0.34 during trading on Tuesday, hitting $34.48. 127,365 shares of the stock were exchanged, compared to its average volume of 160,041. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. Astec Industries, Inc. has a 1-year low of $28.46 and a 1-year high of $44.03. The stock has a fifty day moving average price of $34.22 and a two-hundred day moving average price of $34.30. The firm has a market capitalization of $786.28 million, a P/E ratio of -430.95 and a beta of 1.39.
Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its earnings results on Wednesday, February 26th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $374.10 million.
Astec Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $0.13 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. Astec Industries's payout ratio is 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.
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