Jacobs Levy Equity Management Inc. decreased its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,339 shares of the industrial products company's stock after selling 6,189 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.93% of Astec Industries worth $7,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of ASTE. Wealth Preservation Advisors LLC bought a new position in shares of Astec Industries in the first quarter worth $36,000. Byrne Asset Management LLC increased its holdings 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 worth $40,000 after purchasing an additional 465 shares during the period. CWM LLC increased its holdings in shares of Astec Industries by 264.6% in the first quarter. CWM LLC now owns 2,483 shares of the industrial products company's stock worth $86,000 after purchasing an additional 1,802 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Astec Industries by 200.9% in the fourth quarter. Point72 Asset Management L.P. now owns 4,213 shares of the industrial products company's stock worth $142,000 after purchasing an additional 2,813 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Astec Industries in the fourth quarter worth $201,000. Institutional investors own 93.16% of the company's stock.
Astec Industries Price Performance
ASTE traded down $1.16 during trading on Friday, reaching $46.41. The stock had a trading volume of 92,659 shares, compared to its average volume of 182,357. The stock has a market cap 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. Astec Industries, Inc. has a one year low of $29.65 and a one year high of $47.94. The business has a 50-day moving average of $42.91 and a 200-day moving average of $39.38.
Astec Industries (NASDAQ:ASTE - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations 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 firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 11th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, August 11th. Astec Industries's dividend payout ratio is presently 26.13%.
About Astec Industries
(
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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