Kennedy Capital Management LLC Has $5.21 Million Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

Kennedy Capital Management LLC decreased its holdings in Astec Industries, Inc. (NASDAQ:ASTE) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,978 shares of the industrial products company’s stock after selling 2,447 shares during the quarter. Kennedy Capital Management LLC owned 0.68% of Astec Industries worth $5,207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ASTE. Tompkins Financial Corp acquired a new stake in shares of Astec Industries in the fourth quarter valued at approximately $34,000. R Squared Ltd bought a new position in Astec Industries during the 4th quarter worth $42,000. Point72 Asset Management L.P. acquired a new position in Astec Industries in the 3rd quarter valued at $45,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Astec Industries during the 3rd quarter valued at $49,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Astec Industries during the 4th quarter worth $86,000. Institutional investors own 93.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ASTE shares. StockNews.com raised Astec Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Robert W. Baird boosted their target price on shares of Astec Industries from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th.

Astec Industries Price Performance

Astec Industries stock opened at $33.77 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47. Astec Industries, Inc. has a 52 week low of $28.46 and a 52 week high of $44.03. The stock has a market capitalization of $770.09 million, a P/E ratio of -422.07 and a beta of 1.39. The stock has a fifty day moving average of $34.21 and a 200-day moving average of $34.26.

Astec Industries (NASDAQ:ASTE) last released its earnings results on Wednesday, February 26th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.46. The firm had revenue of $359.00 million for the quarter, compared to analysts’ expectations of $374.10 million. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%.

Astec Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, March 10th. Astec Industries’s payout ratio is 273.68%.

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.