John G Ullman & Associates Inc. cut its holdings in Astec Industries, Inc. (NASDAQ:ASTE) by 27.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,650 shares of the industrial products company’s stock after selling 35,550 shares during the period. John G Ullman & Associates Inc. owned approximately 0.42% of Astec Industries worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of Astec Industries by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,949 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 297 shares in the last quarter. Quantamental Technologies LLC raised its position in shares of Astec Industries by 40.6% in the 1st quarter. Quantamental Technologies LLC now owns 2,734 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 790 shares in the last quarter. KBC Group NV raised its position in shares of Astec Industries by 208.7% in the 2nd quarter. KBC Group NV now owns 5,627 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 3,804 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Astec Industries by 361.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,198 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new position in shares of Astec Industries in the 1st quarter worth about $217,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

ASTE has been the subject of a number of research analyst reports. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. ValuEngine raised Astec Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.00.

Astec Industries stock traded up $0.47 during midday trading on Friday, reaching $28.36. The stock had a trading volume of 82,900 shares, compared to its average volume of 160,348. Astec Industries, Inc. has a 12 month low of $27.49 and a 12 month high of $52.88. The company has a market capitalization of $641.11 million, a P/E ratio of 9.71 and a beta of 1.44. The company has a fifty day moving average price of $31.16 and a two-hundred day moving average price of $34.37. The company has a current ratio of 3.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Astec Industries had a negative net margin of 0.20% and a positive return on equity of 7.07%. The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $299.96 million. During the same period in the previous year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was down 12.2% on a year-over-year basis. On average, equities research analysts predict that Astec Industries, Inc. will post 2.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Monday, August 12th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, August 9th. Astec Industries’s payout ratio is 15.07%.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company's Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.

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

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