Astec Industries, Inc. $ASTE Stock Holdings Increased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Astec Industries by 44.8%, acquiring an additional 21,889 shares to own a total of 70,740 shares valued at approximately $2.44 million.
• Astec Industries recently announced a quarterly dividend of $0.13, with an annualized yield of 1.1% and a payout ratio of 26.13%.
• The company reported a net margin of 3.50% and earnings per share of $0.88 for its latest quarter, surpassing analysts' expectations of $0.60.

Cubist Systematic Strategies LLC increased its holdings in Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 44.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,740 shares of the industrial products company's stock after purchasing an additional 21,889 shares during the period. Cubist Systematic Strategies LLC owned 0.31% of Astec Industries worth $2,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE grew its position in shares of Astec Industries by 4.1% in the first quarter. US Bancorp DE now owns 8,326 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 327 shares during the period. Byrne Asset Management LLC grew its position in shares of Astec Industries by 66.4% in the first quarter. Byrne Asset Management LLC now owns 1,165 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 465 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Astec Industries in the first quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Astec Industries by 20.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,223 shares of the industrial products company's stock valued at $249,000 after purchasing an additional 1,227 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Astec Industries by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,693 shares of the industrial products company's stock valued at $763,000 after acquiring an additional 1,304 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company's stock.

Astec Industries Trading Down 2.4%

Astec Industries stock traded down $1.16 during midday trading on Friday, reaching $46.41. The stock had a trading volume of 92,659 shares, compared to its average volume of 182,357. Astec Industries, Inc. has a twelve month low of $29.65 and a twelve month high of $47.94. The stock has a market capitalization of $1.06 billion, a PE ratio of 23.32 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. The stock's 50-day simple moving average is $42.91 and its 200 day simple moving average is $39.36.

Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $361.00 million.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 11th were paid a $0.13 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Astec Industries's payout ratio is 26.13%.

About Astec Industries

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.