5,991 Shares in Astec Industries, Inc. (NASDAQ:ASTE) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new position in Astec Industries, Inc. (NASDAQ:ASTE) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,991 shares of the industrial products company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASTE. Sterling Capital Management LLC increased its holdings in Astec Industries by 802.5% in the 4th quarter. Sterling Capital Management LLC now owns 731 shares of the industrial products company’s stock worth $25,000 after buying an additional 650 shares during the period. R Squared Ltd acquired a new position in Astec Industries in the 4th quarter worth approximately $42,000. Meeder Asset Management Inc. acquired a new position in Astec Industries in the 4th quarter worth approximately $86,000. KLP Kapitalforvaltning AS acquired a new position in Astec Industries in the 4th quarter worth approximately $128,000. Finally, Point72 Asset Management L.P. increased its holdings in Astec Industries by 200.9% in the 4th quarter. Point72 Asset Management L.P. now owns 4,213 shares of the industrial products company’s stock worth $142,000 after buying an additional 2,813 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Trading Down 0.4%

Astec Industries stock opened at $41.54 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. Astec Industries, Inc. has a 12 month low of $28.46 and a 12 month high of $42.79. The stock’s 50 day simple moving average is $36.14 and its two-hundred day simple moving average is $35.42. The firm has a market cap of $949.90 million, a PE ratio of -519.19 and a beta of 1.40.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.46 by $0.42. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%. The business had revenue of $329.40 million for the quarter, compared to analyst estimates of $320.40 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

Astec Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.52 annualized dividend and a yield of 1.25%. Astec Industries’s dividend payout ratio is presently 78.79%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASTE. StockNews.com upgraded Astec Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 9th. Robert W. Baird upped their price objective on Astec Industries from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th.

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.