Segall Bryant & Hamill LLC Sells 10,906 Shares of Astec Industries, Inc. $ASTE

Segall Bryant & Hamill LLC trimmed its position in Astec Industries, Inc. (NASDAQ:ASTE) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,996 shares of the industrial products company’s stock after selling 10,906 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.99% of Astec Industries worth $12,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its holdings in Astec Industries by 15.6% in the 1st quarter. Royal Bank of Canada now owns 65,654 shares of the industrial products company’s stock worth $2,262,000 after acquiring an additional 8,847 shares during the period. AQR Capital Management LLC acquired a new position in Astec Industries during the 1st quarter worth $1,526,000. Millennium Management LLC boosted its holdings in Astec Industries by 188.2% during the first quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company’s stock valued at $5,111,000 after acquiring an additional 96,883 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Astec Industries by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,577 shares of the industrial products company’s stock valued at $2,259,000 after acquiring an additional 1,358 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Astec Industries by 2.9% in the first quarter. Jane Street Group LLC now owns 46,566 shares of the industrial products company’s stock valued at $1,604,000 after purchasing an additional 1,305 shares during the last quarter. 93.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ASTE shares. Zacks Research raised Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings lowered Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Astec Industries Stock Performance

NASDAQ ASTE opened at $50.66 on Monday. The company’s fifty day moving average is $54.55 and its two-hundred day moving average is $54.84. Astec Industries, Inc. has a 52-week low of $37.88 and a 52-week high of $65.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.00. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 45.23, a P/E/G ratio of 1.27 and a beta of 1.36.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The company had revenue of $396.30 million for the quarter, compared to analyst estimates of $393.24 million. Equities research analysts forecast that Astec Industries, Inc. will post 3.63 EPS for the current year.

Astec Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.52 annualized dividend and a yield of 1.0%. Astec Industries’s dividend payout ratio is 46.43%.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.