Astec Industries, Inc. (NASDAQ:ASTE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 50.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,010 shares of the industrial products company's stock after selling 204,889 shares during the period. Segall Bryant & Hamill LLC owned about 0.87% of Astec Industries worth $6,856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC increased its holdings in shares of Astec Industries by 66.4% during 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. Sterling Capital Management LLC increased its holdings in shares of Astec Industries by 802.5% during the fourth quarter. Sterling Capital Management LLC now owns 731 shares of the industrial products company's stock worth $25,000 after purchasing an additional 650 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Astec Industries by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 14,039 shares of the industrial products company's stock worth $472,000 after purchasing an additional 834 shares during the period. Invesco Ltd. boosted its position in shares of Astec Industries by 0.3% during the 4th quarter. Invesco Ltd. now owns 381,598 shares of the industrial products company's stock worth $12,822,000 after acquiring an additional 1,243 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Astec Industries by 6.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,693 shares of the industrial products company's stock worth $763,000 after acquiring an additional 1,304 shares in the last quarter. 93.16% of the stock is owned by institutional investors.

Astec Industries Stock Up 0.6%

NASDAQ:ASTE traded up $0.21 on Monday, reaching $38.18. 161,739 shares of the stock traded hands, compared to its average volume of 153,927. The company has a market capitalization of $873.18 million, a price-to-earnings ratio of 57.85 and a beta of 1.40. The company has a current ratio of 2.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Astec Industries, Inc. has a 12 month low of $29.04 and a 12 month high of $43.35. The company's fifty day simple moving average is $40.41 and its 200 day simple moving average is $36.57.

Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.42. The firm had revenue of $329.40 million for the quarter, compared to the consensus estimate of $320.40 million. Astec Industries had a net margin of 1.15% and a return on equity of 10.72%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS.

Astec Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Tuesday, May 13th. Astec Industries's dividend payout ratio (DPR) is 78.79%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Astec Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th.

Astec Industries Company 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.