Ameritas Investment Partners Inc. lifted its stake in Astec Industries, Inc. (NASDAQ:ASTE) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,870 shares of the industrial products company’s stock after purchasing an additional 198 shares during the period. Ameritas Investment Partners Inc.’s holdings in Astec Industries were worth $104,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Texas Permanent School Fund increased its stake in Astec Industries by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 13,974 shares of the industrial products company’s stock worth $776,000 after buying an additional 125 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Astec Industries by 2.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,670 shares of the industrial products company’s stock worth $315,000 after buying an additional 140 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Astec Industries by 2.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,260 shares of the industrial products company’s stock worth $292,000 after buying an additional 150 shares in the last quarter. Victory Capital Management Inc. increased its stake in Astec Industries by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock worth $108,000 after buying an additional 289 shares in the last quarter. Finally, Aperio Group LLC increased its stake in Astec Industries by 10.2% in the 2nd quarter. Aperio Group LLC now owns 6,068 shares of the industrial products company’s stock worth $337,000 after buying an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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Shares of Astec Industries, Inc. (NASDAQ ASTE) opened at $52.56 on Friday. Astec Industries, Inc. has a 12 month low of $45.70 and a 12 month high of $73.37. The stock has a market capitalization of $1,185.32, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 3.19 and a beta of 1.03.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The business had revenue of $252.10 million during the quarter, compared to analysts’ expectations of $261.06 million. Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. analysts expect that Astec Industries, Inc. will post 1.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Astec Industries’s payout ratio is 23.81%.

ASTE has been the subject of a number of analyst reports. Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $65.00 in a research note on Tuesday, October 3rd. TheStreet lowered Astec Industries from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Dougherty & Co lowered Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price target for the company. in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $75.00.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

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

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