Thompson Siegel & Walmsley LLC maintained its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) during the second quarter, according to the company in its most recent filing with the SEC. The firm owned 4,940 shares of the industrial products company’s stock at the close of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in Astec Industries were worth $274,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in Astec Industries in the first quarter valued at about $103,000. Victory Capital Management Inc. boosted its position in Astec Industries by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock valued at $108,000 after buying an additional 289 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Astec Industries by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,110 shares of the industrial products company’s stock valued at $129,000 after buying an additional 40 shares in the last quarter. Quantbot Technologies LP boosted its position in Astec Industries by 110.2% in the first quarter. Quantbot Technologies LP now owns 2,182 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,144 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Astec Industries by 80.7% during the second quarter. SG Americas Securities LLC now owns 3,266 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 1,459 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.
Shares of Astec Industries, Inc. (NASDAQ ASTE) opened at 53.50 on Friday. The company has a market cap of $1.23 billion, a P/E ratio of 25.46 and a beta of 1.10. Astec Industries, Inc. has a 52 week low of $45.70 and a 52 week high of $73.37. The firm has a 50-day moving average of $48.24 and a 200 day moving average of $55.88.
Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.18). The firm had revenue of $301.90 million for the quarter, compared to the consensus estimate of $314.31 million. Astec Industries had a net margin of 4.08% and a return on equity of 7.40%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Equities analysts anticipate that Astec Industries, Inc. will post $2.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Friday, August 11th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. Astec Industries’s dividend payout ratio is currently 19.05%.
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A number of equities analysts have recently issued reports on ASTE shares. Dougherty & Co lowered shares of Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a research report on Wednesday, July 26th. BidaskClub lowered shares of Astec Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st.
About Astec Industries
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
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