Astec Industries, Inc. (NASDAQ:ASTE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $36.19 and traded as high as $41.94. Astec Industries shares last traded at $40.74, with a volume of 166,346 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Astec Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th.
Get Our Latest Stock Report on Astec Industries
Astec Industries Stock Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 2.66 and a quick ratio of 1.09. The stock's 50 day simple moving average is $40.18 and its two-hundred day simple moving average is $36.19. The stock has a market cap of $931.72 million, a P/E ratio of 61.73 and a beta of 1.40.
Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.42. Astec Industries had a net margin of 1.15% and a return on equity of 10.72%. The firm had revenue of $329.40 million for the quarter, compared to analyst estimates of $320.40 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business's revenue was up 6.5% on a year-over-year basis.
Astec Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, May 13th. Astec Industries's payout ratio is currently 78.79%.
Institutional Trading of Astec Industries
A number of institutional investors have recently made changes to their positions in ASTE. Sterling Capital Management LLC lifted its position in shares of Astec Industries by 802.5% in the fourth quarter. Sterling Capital Management LLC now owns 731 shares of the industrial products company's stock worth $25,000 after purchasing an additional 650 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Astec Industries during the first quarter worth $36,000. Byrne Asset Management LLC increased its holdings in Astec Industries by 66.4% during the first quarter. Byrne Asset Management LLC now owns 1,165 shares of the industrial products company's stock worth $40,000 after buying an additional 465 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Astec Industries during the fourth quarter worth $86,000. Finally, CWM LLC increased its holdings in Astec Industries by 264.6% during the first quarter. CWM LLC now owns 2,483 shares of the industrial products company's stock worth $86,000 after buying an additional 1,802 shares during the last quarter. Institutional investors own 93.16% of the company's stock.
About Astec Industries
(
Get 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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