California State Teachers Retirement System Sells 346 Shares of Astec Industries, Inc. (ASTE)

California State Teachers Retirement System cut its stake in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,749 shares of the industrial products company’s stock after selling 346 shares during the period. California State Teachers Retirement System owned 0.16% of Astec Industries worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ASTE. Victory Capital Management Inc. raised its position in Astec Industries by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 289 shares during the period. SG Americas Securities LLC raised its position in Astec Industries by 80.7% during the second quarter. SG Americas Securities LLC now owns 3,266 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 1,459 shares during the period. State of Alaska Department of Revenue raised its position in Astec Industries by 78.2% during the second quarter. State of Alaska Department of Revenue now owns 3,760 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 1,650 shares during the period. Nisa Investment Advisors LLC raised its position in Astec Industries by 2.9% during the second quarter. Nisa Investment Advisors LLC now owns 5,260 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 150 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in Astec Industries by 2.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,670 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “California State Teachers Retirement System Sells 346 Shares of Astec Industries, Inc. (ASTE)” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/11/15/california-state-teachers-retirement-system-sells-346-shares-of-astec-industries-inc-aste.html.

Astec Industries, Inc. (NASDAQ ASTE) opened at $52.04 on Wednesday. The company has a market capitalization of $1,232.16, a P/E ratio of 31.79, a PEG ratio of 3.32 and a beta of 1.03. Astec Industries, Inc. has a 52 week low of $45.70 and a 52 week high of $73.37.

Astec Industries (NASDAQ:ASTE) last released its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). The business had revenue of $252.10 million for the quarter, compared to the consensus estimate of $261.06 million. Astec Industries had a net margin of 3.27% and a return on equity of 5.89%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. equities analysts predict that Astec Industries, Inc. will post 1.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. Astec Industries’s dividend payout ratio is 23.81%.

ASTE has been the topic of a number of recent research reports. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Dougherty & Co downgraded Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, July 26th. TheStreet downgraded Astec Industries from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Finally, Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $65.00 in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $75.00.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

Want to see what other hedge funds are holding ASTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Astec Industries, Inc. (NASDAQ:ASTE).

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

Receive News & Ratings for Astec Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astec Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply