Invictus RG Has $250,000 Stake in Astec Industries, Inc. (ASTE)

Invictus RG raised its position in Astec Industries, Inc. (NASDAQ:ASTE) by 32.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,060 shares of the industrial products company’s stock after buying an additional 984 shares during the period. Invictus RG’s holdings in Astec Industries were worth $250,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Astec Industries by 69,549.4% in the first quarter. BlackRock Inc. now owns 2,317,931 shares of the industrial products company’s stock worth $142,543,000 after buying an additional 2,314,603 shares in the last quarter. Vanguard Group Inc. increased its position in Astec Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,807,106 shares of the industrial products company’s stock worth $111,128,000 after buying an additional 109,609 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Astec Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,503,247 shares of the industrial products company’s stock worth $92,443,000 after buying an additional 16,362 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Astec Industries by 11.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,350,000 shares of the industrial products company’s stock worth $83,018,000 after buying an additional 140,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Astec Industries by 9.5% in the first quarter. Principal Financial Group Inc. now owns 485,371 shares of the industrial products company’s stock worth $29,848,000 after buying an additional 42,050 shares in the last quarter. 79.78% of the stock is owned by hedge funds and other institutional investors.

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

Astec Industries, Inc. (ASTE) traded down 1.86% during midday trading on Tuesday, reaching $56.87. The company’s stock had a trading volume of 37,607 shares. The firm has a market capitalization of $1.31 billion, a PE ratio of 25.16 and a beta of 1.16. Astec Industries, Inc. has a 1-year low of $51.73 and a 1-year high of $73.37. The firm has a 50 day moving average price of $58.19 and a 200 day moving average price of $63.69.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. Astec Industries had a net margin of 4.74% and a return on equity of 9.25%. The company had revenue of $318.40 million during the quarter, compared to the consensus estimate of $291.51 million. During the same quarter last year, the company earned $0.77 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. On average, analysts predict that Astec Industries, Inc. will post $2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Thursday, May 11th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, May 9th. Astec Industries’s dividend payout ratio (DPR) is 17.62%.

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Separately, Griffin Securities reaffirmed a “buy” rating on shares of Astec Industries in a report on Tuesday, March 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Astec Industries has an average rating of “Buy” and a consensus target price of $66.00.

About Astec Industries

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ASTE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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