Astec Industries (NASDAQ:ASTE) Insider Barend Snyman Sells 2,498 Shares

Key Points

• Insider Barend Snyman sold 2,498 shares of Astec Industries for about $118,000, reducing his stake by 13.83%.
• Astec reported $0.88 earnings per share for the last quarter, exceeding estimates, but revenue fell short of projections at $330.30 million.
• The company recently announced a quarterly dividend of $0.13 per share, yielding approximately 1.1% annually, with a payout ratio of 26.13%.

Astec Industries, Inc. (NASDAQ:ASTE - Get Free Report) insider Barend Snyman sold 2,498 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $47.22, for a total value of $117,955.56. Following the completion of the transaction, the insider owned 15,559 shares of the company's stock, valued at $734,695.98. The trade was a 13.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Astec Industries Price Performance

NASDAQ:ASTE traded up $1.44 during trading hours on Monday, hitting $47.85. The company's stock had a trading volume of 252,406 shares, compared to its average volume of 172,733. The business's 50-day moving average is $42.91 and its two-hundred day moving average is $39.41. The company has a market capitalization of $1.09 billion, a PE ratio of 24.05 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.08 and a current ratio of 2.71. Astec Industries, Inc. has a 52-week low of $29.65 and a 52-week high of $48.13.

Astec Industries (NASDAQ:ASTE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.28. Astec Industries had a return on equity of 11.52% and a net margin of 3.50%.The firm had revenue of $330.30 million during the quarter, compared to analysts' expectations of $361.00 million.

Astec Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 11th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, August 11th. Astec Industries's dividend payout ratio (DPR) is currently 26.13%.

Institutional Trading of Astec Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASTE. American Century Companies Inc. increased its position in Astec Industries by 98.8% during the 1st quarter. American Century Companies Inc. now owns 361,390 shares of the industrial products company's stock worth $12,450,000 after purchasing an additional 179,618 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Astec Industries by 22.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 819,913 shares of the industrial products company's stock worth $28,247,000 after purchasing an additional 150,634 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Astec Industries by 77,508.8% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 131,935 shares of the industrial products company's stock worth $5,500,000 after purchasing an additional 131,765 shares in the last quarter. Nuveen LLC purchased a new stake in Astec Industries during the 1st quarter worth about $4,419,000. Finally, Invesco Ltd. increased its position in Astec Industries by 29.9% during the 2nd quarter. Invesco Ltd. now owns 494,814 shares of the industrial products company's stock worth $20,629,000 after purchasing an additional 113,765 shares in the last quarter. Hedge funds and other institutional investors own 93.16% of the company's stock.

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.

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