Astec Industries, Inc. $ASTE Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in Astec Industries, Inc. (NASDAQ:ASTE) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,066 shares of the industrial products company’s stock after purchasing an additional 17,056 shares during the period. Segall Bryant & Hamill LLC owned 0.94% of Astec Industries worth $9,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ASTE. State of Alaska Department of Revenue lifted its stake in shares of Astec Industries by 7.7% during the second quarter. State of Alaska Department of Revenue now owns 13,612 shares of the industrial products company’s stock worth $567,000 after buying an additional 977 shares during the period. Russell Investments Group Ltd. raised its stake in Astec Industries by 5.4% in the 1st quarter. Russell Investments Group Ltd. now owns 96,932 shares of the industrial products company’s stock worth $3,339,000 after acquiring an additional 5,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Astec Industries during the 2nd quarter worth about $1,333,000. CWM LLC grew its stake in Astec Industries by 264.6% during the 1st quarter. CWM LLC now owns 2,483 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 1,802 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Astec Industries by 98.8% in the first quarter. American Century Companies Inc. now owns 361,390 shares of the industrial products company’s stock valued at $12,450,000 after purchasing an additional 179,618 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASTE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astec Industries in a report on Wednesday. Zacks Research upgraded shares of Astec Industries to a “hold” rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.00.

Insider Buying and Selling at Astec Industries

In other news, insider Barend Snyman sold 2,498 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $47.22, for a total transaction of $117,955.56. Following the sale, the insider directly owned 15,559 shares of the company’s stock, valued at $734,695.98. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.69% of the company’s stock.

Astec Industries Stock Up 2.9%

Astec Industries stock opened at $41.82 on Monday. The business’s 50-day moving average price is $46.37 and its 200 day moving average price is $43.41. The company has a quick ratio of 1.08, a current ratio of 2.71 and a debt-to-equity ratio of 0.13. The firm has a market cap of $956.67 million, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.32 and a beta of 1.42. Astec Industries, Inc. has a 52 week low of $29.65 and a 52 week high of $50.83.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $350.10 million for the quarter, compared to analyst estimates of $336.00 million. Astec Industries had a return on equity of 11.52% and a net margin of 3.50%.

Astec Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. Astec Industries’s payout ratio is presently 25.00%.

About Astec Industries

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.