Astec Industries, Inc. (NASDAQ:ASTE - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $41.80, but opened at $35.12. Astec Industries shares last traded at $33.97, with a volume of 71,644 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Astec Industries from a "hold" rating to a "buy" rating in a report on Monday, March 11th.
Get Our Latest Stock Report on Astec Industries
Astec Industries Price Performance
The firm has a fifty day simple moving average of $41.45 and a 200 day simple moving average of $37.37. The company has a market capitalization of $767.93 million, a PE ratio of 28.44 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 2.41.
Astec Industries (NASDAQ:ASTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.62 by $0.28. The company had revenue of $337.20 million for the quarter, compared to the consensus estimate of $332.33 million. Astec Industries had a return on equity of 9.46% and a net margin of 2.50%. Astec Industries's quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Equities analysts anticipate that Astec Industries, Inc. will post 2.9 EPS for the current year.
Astec Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.54%. Astec Industries's dividend payout ratio is presently 35.37%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Astec Industries by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,531,823 shares of the industrial products company's stock valued at $56,984,000 after acquiring an additional 29,657 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Astec Industries by 8.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,131,271 shares of the industrial products company's stock valued at $42,083,000 after acquiring an additional 86,969 shares during the period. FMR LLC increased its holdings in shares of Astec Industries by 65,426.4% in the 3rd quarter. FMR LLC now owns 473,756 shares of the industrial products company's stock valued at $22,319,000 after acquiring an additional 473,033 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Astec Industries by 9.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 381,149 shares of the industrial products company's stock valued at $17,956,000 after acquiring an additional 32,236 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Astec Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,157 shares of the industrial products company's stock worth $13,733,000 after purchasing an additional 14,126 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
Astec Industries Company Profile
(
Get 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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