AM Investment Strategies LLC Makes New $221,000 Investment in Astec Industries, Inc. $ASTE

Key Points

• AM Investment Strategies LLC has made a new investment of $221,000 in Astec Industries, purchasing 5,319 shares of the company in the second quarter.
• Astec Industries recently announced a quarterly dividend of $0.13, representing an annualized yield of 1.1%, and a dividend payout ratio of 26.13%.
• In the latest earnings report, Astec Industries posted an EPS of $0.88, exceeding analysts' expectations of $0.60, with revenues of $330.30 million.

AM Investment Strategies LLC purchased a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,319 shares of the industrial products company's stock, valued at approximately $221,000.

Several other hedge funds also recently bought and sold shares of the stock. Deutsche Bank AG grew its position in shares of Astec Industries by 54.0% in the fourth quarter. Deutsche Bank AG now owns 19,854 shares of the industrial products company's stock valued at $667,000 after purchasing an additional 6,959 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Astec Industries in the fourth quarter valued at $231,000. Two Sigma Investments LP grew its position in shares of Astec Industries by 45.1% in the fourth quarter. Two Sigma Investments LP now owns 31,833 shares of the industrial products company's stock valued at $1,070,000 after purchasing an additional 9,897 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Astec Industries in the fourth quarter valued at $619,000. Finally, Squarepoint Ops LLC grew its position in shares of Astec Industries by 33.4% in the fourth quarter. Squarepoint Ops LLC now owns 60,376 shares of the industrial products company's stock valued at $2,029,000 after purchasing an additional 15,111 shares during the period. Hedge funds and other institutional investors own 93.16% of the company's stock.

Insiders Place Their Bets

In related news, insider Barend Snyman sold 2,498 shares of Astec Industries 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 transaction, the insider owned 15,559 shares in the company, valued at approximately $734,695.98. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company's stock.

Astec Industries Price Performance

Shares of NASDAQ:ASTE opened at $47.90 on Wednesday. The company has a market cap of $1.10 billion, a P/E ratio of 24.07 and a beta of 1.39. The company has a quick ratio of 1.08, a current ratio of 2.71 and a debt-to-equity ratio of 0.13. Astec Industries, Inc. has a 52 week low of $29.65 and a 52 week high of $49.06. The business has a fifty day simple moving average of $43.91 and a 200-day simple moving average of $39.98.

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

Astec Industries Announces Dividend

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

Astec Industries 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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