John G Ullman & Associates Inc. Has $7.67 Million Stock Position in Astec Industries, Inc. $ASTE

John G Ullman & Associates Inc. reduced its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 183,992 shares of the industrial products company’s stock after selling 2,418 shares during the quarter. Astec Industries comprises about 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 21st biggest position. John G Ullman & Associates Inc.’s holdings in Astec Industries were worth $7,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Astec Industries by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 13,612 shares of the industrial products company’s stock worth $567,000 after purchasing an additional 977 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Astec Industries by 2.7% in the first quarter. Principal Financial Group Inc. now owns 113,556 shares of the industrial products company’s stock worth $3,912,000 after purchasing an additional 2,983 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Astec Industries by 5.4% in the first quarter. Russell Investments Group Ltd. now owns 96,932 shares of the industrial products company’s stock worth $3,339,000 after purchasing an additional 5,000 shares during the last quarter. CWM LLC raised its stake in shares of Astec Industries by 264.6% in the first quarter. CWM LLC now owns 2,483 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 1,802 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Astec Industries by 98.8% in the first quarter. American Century Companies Inc. now owns 361,390 shares of the industrial products company’s stock worth $12,450,000 after purchasing an additional 179,618 shares during the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Barend Snyman sold 2,498 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $47.22, for a total value of $117,955.56. Following the completion of the transaction, the insider directly owned 15,559 shares of the company’s stock, valued at $734,695.98. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ASTE has been the subject of several analyst reports. Zacks Research raised Astec Industries to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Astec Industries in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

Astec Industries Stock Performance

ASTE stock opened at $46.19 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 23.21, a P/E/G ratio of 2.24 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 2.71 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $46.63 and a 200-day moving average of $41.40. Astec Industries, Inc. has a 12-month low of $29.65 and a 12-month high of $50.83.

Astec Industries (NASDAQ:ASTE) last released its earnings results on Wednesday, August 6th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.28. The company had revenue of $330.30 million during the quarter, compared to analyst estimates of $361.00 million. Astec Industries had a return on equity of 11.52% and a net margin of 3.50%.

Astec Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 11th were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Astec Industries’s dividend payout ratio is currently 26.13%.

Astec Industries Company 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.