Astec Industries, Inc. (ASTE) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in Astec Industries, Inc. (NASDAQ:ASTE) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,652 shares of the industrial products company’s stock after selling 16,237 shares during the quarter. First Trust Advisors LP owned 0.39% of Astec Industries worth $5,077,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Astec Industries by 11.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,870 shares of the industrial products company’s stock valued at $104,000 after buying an additional 198 shares during the period. Victory Capital Management Inc. lifted its position in shares of Astec Industries by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 289 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Astec Industries by 80.7% in the second quarter. SG Americas Securities LLC now owns 3,266 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 1,459 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Astec Industries by 78.2% in the second quarter. State of Alaska Department of Revenue now owns 3,760 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Astec Industries by 165.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,094 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 2,550 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Shares of Astec Industries, Inc. (NASDAQ ASTE) opened at $53.31 on Friday. The company has a market cap of $1,192.71, a price-to-earnings ratio of 30.77, a PEG ratio of 3.21 and a beta of 1.03. Astec Industries, Inc. has a 1 year low of $45.70 and a 1 year high of $73.37.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 10th. Astec Industries’s dividend payout ratio (DPR) is currently 23.81%.

A number of brokerages have recently commented on ASTE. Zacks Investment Research raised shares of Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird raised shares of Astec Industries from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $65.00 in a research report on Tuesday, October 3rd. TheStreet lowered shares of Astec Industries from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Finally, Dougherty & Co lowered shares of 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.00.

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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.

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

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