Deutsche Bank AG bought a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,771 shares of the industrial products company's stock, valued at approximately $1,455,000. Deutsche Bank AG owned 0.10% of Astec Industries as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. iSAM Funds UK Ltd purchased a new position in Astec Industries during the 3rd quarter worth approximately $50,000. Farther Finance Advisors LLC boosted its holdings in shares of Astec Industries by 8,994.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Astec Industries by 412.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company's stock worth $92,000 after acquiring an additional 1,780 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Astec Industries in the fourth quarter worth $127,000. Finally, LSV Asset Management purchased a new position in shares of Astec Industries during the fourth quarter worth $182,000. Hedge funds and other institutional investors own 93.16% of the company's stock.
Analyst Ratings Changes
ASTE has been the topic of several recent research reports. Zacks Research lowered shares of Astec Industries from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. Wall Street Zen cut Astec Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Astec Industries in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on Astec Industries
Astec Industries Stock Performance
Shares of ASTE stock opened at $43.39 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. Astec Industries, Inc. has a 12-month low of $40.47 and a 12-month high of $65.69. The business's 50 day moving average is $51.62 and its two-hundred day moving average is $53.97. The company has a market capitalization of $998.84 million, a P/E ratio of 51.05, a P/E/G ratio of 1.17 and a beta of 1.36.
Astec Industries (NASDAQ:ASTE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.10). Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. The business had revenue of $408.10 million during the quarter, compared to analysts' expectations of $405.50 million. During the same quarter last year, the firm earned $0.72 earnings per share. Analysts expect that Astec Industries, Inc. will post 3.36 EPS for the current fiscal year.
Astec Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 10th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 10th. Astec Industries's dividend payout ratio (DPR) is presently 61.18%.
Astec Industries Profile
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Free Report)
Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec's product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.
Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.
Further Reading
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