47,296 Shares of Astec Industries, Inc. $ASTE Bought by CenterBook Partners LP

Key Points

• CenterBook Partners initiated a position in Astec Industries, buying 47,296 shares worth about $1.9 million, or 0.21% of the company. Institutional investors collectively own 93.16% of Astec.
• Astec reported a quarterly loss of $0.01 per share, missing analyst expectations of $0.47 in earnings; revenue of $352.4 million also fell short of the $375.47 million estimate.
• Analysts’ average rating is Buy. Astec also declared a quarterly dividend of $0.13 per share, equivalent to a 1.5% annualized yield.

CenterBook Partners LP bought a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 47,296 shares of the industrial products company's stock, valued at approximately $1,903,000. CenterBook Partners LP owned 0.21% of Astec Industries as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASTE. BlackRock Inc. purchased a new position in Astec Industries in the second quarter valued at approximately $212,732,000. Dimensional Fund Advisors LP grew its stake in Astec Industries by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,433,501 shares of the industrial products company's stock worth $77,176,000 after buying an additional 22,154 shares during the period. Heartland Advisors Inc. purchased a new stake in Astec Industries during the second quarter worth approximately $14,783,000. Bank of New York Mellon Corp acquired a new stake in shares of Astec Industries in the second quarter worth $13,538,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Astec Industries by 105.5% in the third quarter. Assenagon Asset Management S.A. now owns 301,598 shares of the industrial products company's stock worth $12,136,000 after acquiring an additional 154,802 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Astec Industries in a research note on Monday, November 2nd. Zacks Research upgraded shares of Astec Industries from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Astec Industries has an average rating of "Buy".

Astec Industries Price Performance

ASTE stock opened at $35.71 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.97 and a current ratio of 2.31. Astec Industries, Inc. has a 1 year low of $35.05 and a 1 year high of $65.69. The firm has a market cap of $822.04 million, a P/E ratio of 71.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37. The stock has a 50-day simple moving average of $40.36 and a 200-day simple moving average of $50.38.

Astec Industries (NASDAQ:ASTE - Get Free Report) last posted its earnings results on Thursday, November 5th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). The firm had revenue of $352.40 million for the quarter, compared to analyst estimates of $375.47 million. Astec Industries had a return on equity of 8.60% and a net margin of 0.74%. During the same period in the previous year, the firm posted ($0.18) earnings per share. On average, equities analysts predict that Astec Industries, Inc. will post 3.35 earnings per share for the current fiscal year.

Astec Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 16th. Astec Industries's dividend payout ratio (DPR) is 61.18%.

Astec Industries News Summary

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Astec reported a sharp increase in backlog, pointing to stronger future demand and providing a potential counterweight to weak quarterly results. Astec Industries Q3 2026: A Guidance Cut and a Backlog Surge
• Negative Sentiment: Q3 earnings fell short of expectations: Astec reported a loss of $0.01 per share versus consensus earnings of $0.47, while revenue of $352.4 million missed the $375.47 million estimate. Weak margins, inflation and higher costs weighed on profitability. ASTE Q3 Earnings Miss Estimates on Weak Margins and Higher Costs
• Negative Sentiment: The company cut its fiscal 2026 EBITDA outlook, signaling that cost and margin pressures may persist and adding uncertainty despite the backlog growth. Astec Q3 Loss Widens; Cuts FY26 EBITDA Outlook

Astec Industries Company Profile

Astec Industries, Inc NASDAQ: ASTE designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.

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