Astec Industries, Inc. (NASDAQ:ASTE) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in Astec Industries, Inc. (NASDAQ:ASTE) by 33.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 103,635 shares of the industrial products company’s stock after purchasing an additional 26,055 shares during the period. Advisors Asset Management Inc. owned about 0.45% of Astec Industries worth $3,482,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tompkins Financial Corp acquired a new stake in Astec Industries in the fourth quarter valued at $34,000. R Squared Ltd acquired a new stake in Astec Industries in the fourth quarter valued at $42,000. Point72 Asset Management L.P. acquired a new stake in Astec Industries in the third quarter valued at $45,000. Wilmington Savings Fund Society FSB acquired a new stake in Astec Industries in the third quarter valued at $49,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Astec Industries in the third quarter valued at $64,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Analyst Upgrades and Downgrades

ASTE has been the topic of several research reports. Robert W. Baird upped their target price on Astec Industries from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com upgraded Astec Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th.

Astec Industries Stock Down 0.3 %

Shares of NASDAQ:ASTE opened at $36.73 on Friday. 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 52-week low of $28.46 and a 52-week high of $44.74. The stock’s fifty day simple moving average is $34.28 and its 200-day simple moving average is $33.96. The company has a market capitalization of $837.59 million, a P/E ratio of -459.07 and a beta of 1.32.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.46. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%. The business had revenue of $359.00 million for the quarter, compared to the consensus estimate of $374.10 million.

Astec Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.52 annualized dividend and a yield of 1.42%. 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.