2 weeks Ago By ABMN Staff
Invesco Ltd. increased its stake in Astec Industries, Inc. ( NASDAQ:ASTE – Free Report ) by 0.
3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 381,598 shares of the industrial products company’s stock after acquiring an additional 1,243 shares during the period. Invesco Ltd.
owned about 1.67% of Astec Industries worth $12,822,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of the stock.
American Century Companies Inc. increased its stake in Astec Industries by 184.4% in the 4th quarter.
American Century Companies Inc. now owns 181,772 shares of the industrial products company’s stock worth $6,108,000 after purchasing an additional 117,858 shares during the period. Norges Bank purchased a new position in shares of Astec Industries in the fourth quarter worth $3,612,000.
JPMorgan Chase & Co. raised its holdings in Astec Industries by 79.0% during the 4th quarter.
JPMorgan Chase & Co. now owns 101,287 shares of the industrial products company’s stock valued at $3,403,000 after buying an additional 44,701 shares during the last quarter. John G Ullman & Associates Inc.
boosted its position in Astec Industries by 21.1% during the 4th quarter. John G Ullman & Associates Inc.
now owns 162,692 shares of the industrial products company’s stock valued at $5,466,000 after buying an additional 28,378 shares during the period. Finally, Easterly Investment Partners LLC grew its holdings in Astec Industries by 68.7% in the 4th quarter.
Easterly Investment Partners LLC now owns 68,538 shares of the industrial products company’s stock worth $2,303,000 after acquiring an additional 27,907 shares during the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Astec Industries from $40.
00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. StockNews.
com raised Astec Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Astec Industries Trading Down 3.7 % NASDAQ:ASTE opened at $32.
89 on Tuesday. Astec Industries, Inc. has a 12 month low of $28.
46 and a 12 month high of $44.03. The company has a current ratio of 2.
47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.
The company has a 50-day moving average price of $34.27 and a 200-day moving average price of $34.40.
The stock has a market cap of $750.02 million, a price-to-earnings ratio of -411.07 and a beta of 1.
39. Astec Industries ( NASDAQ:ASTE – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $1.
19 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.46.
Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%.
The business had revenue of $359.00 million for the quarter, compared to analysts’ expectations of $374.10 million.
Astec Industries Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.13 dividend.
The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.52 annualized dividend and a yield of 1.
58%. Astec Industries’s payout ratio is 273.68%.
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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