Kennedy Capital Management LLC Grows Stock Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

Kennedy Capital Management LLC boosted its position in Astec Industries, Inc. (NASDAQ:ASTEFree Report) by 34.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,542 shares of the industrial products company’s stock after purchasing an additional 27,813 shares during the period. Kennedy Capital Management LLC owned about 0.48% of Astec Industries worth $5,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Astec Industries in the third quarter valued at about $29,000. PNC Financial Services Group Inc. lifted its position in Astec Industries by 157.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,103 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 674 shares during the period. Lazard Asset Management LLC acquired a new stake in Astec Industries in the first quarter valued at about $51,000. Advisor Group Holdings Inc. lifted its position in Astec Industries by 336.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,310 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 1,010 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Astec Industries by 156.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,362 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 831 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price objective on shares of Astec Industries from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th.

View Our Latest Research Report on ASTE

Astec Industries Price Performance

ASTE stock opened at $42.21 on Friday. The firm has a 50 day moving average of $35.98 and a 200-day moving average of $39.28. Astec Industries, Inc. has a 12-month low of $28.97 and a 12-month high of $56.33. The company has a current ratio of 2.41, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The company has a market cap of $959.86 million, a price-to-earnings ratio of 28.71 and a beta of 1.38.

Astec Industries (NASDAQ:ASTEGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.28. Astec Industries had a return on equity of 9.46% and a net margin of 2.50%. The firm had revenue of $337.20 million during the quarter, compared to the consensus estimate of $332.33 million. During the same period in the previous year, the firm posted $0.34 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that Astec Industries, Inc. will post 2.9 EPS for the current fiscal year.

Astec Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 11th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.23%. Astec Industries’s dividend payout ratio is currently 35.37%.

Astec Industries Profile

(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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Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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