Louisiana State Employees Retirement System Reduces Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

Louisiana State Employees Retirement System lowered its position in Astec Industries, Inc. (NASDAQ:ASTE) by 4.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,000 shares of the industrial products company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Astec Industries were worth $351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Astec Industries by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,684 shares of the industrial products company’s stock worth $45,637,000 after buying an additional 29,421 shares in the last quarter. Gabelli Funds LLC raised its holdings in Astec Industries by 7.7% in the 2nd quarter. Gabelli Funds LLC now owns 581,500 shares of the industrial products company’s stock valued at $17,247,000 after acquiring an additional 41,800 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Astec Industries by 6.3% in the 1st quarter. First Eagle Investment Management LLC now owns 236,251 shares of the industrial products company’s stock worth $10,327,000 after purchasing an additional 14,000 shares in the last quarter. SG Capital Management LLC boosted its holdings in shares of Astec Industries by 100.8% during the 1st quarter. SG Capital Management LLC now owns 209,685 shares of the industrial products company’s stock worth $9,165,000 after purchasing an additional 105,280 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its position in shares of Astec Industries by 41.0% in the second quarter. Peregrine Capital Management LLC now owns 175,738 shares of the industrial products company’s stock valued at $5,212,000 after purchasing an additional 51,141 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Stock Performance

Shares of Astec Industries stock opened at $38.06 on Thursday. The business’s 50 day moving average price is $31.69 and its 200 day moving average price is $32.57. The company has a market cap of $867.77 million, a price-to-earnings ratio of -380.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 2.50. Astec Industries, Inc. has a one year low of $28.46 and a one year high of $44.74.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.11). Astec Industries had a negative net margin of 0.18% and a positive return on equity of 6.56%. The firm had revenue of $345.50 million for the quarter, compared to analyst estimates of $332.35 million. During the same period in the previous year, the firm posted $0.87 EPS. The company’s revenue was down 1.3% compared to the same quarter last year.

Astec Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.37%. Astec Industries’s dividend payout ratio (DPR) is -519.95%.

Astec Industries Profile

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.