Astec Industries, Inc. (ASTE) to Issue Dividend of $0.11 on November 27th

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Astec Industries, Inc. (NASDAQ:ASTE) announced a dividend on Thursday, October 24th, Fidelity reports. Shareholders of record on Monday, November 11th will be given a dividend of 0.11 per share by the industrial products company on Wednesday, November 27th. The ex-dividend date is Thursday, November 7th.

NASDAQ:ASTE traded up $1.04 during trading hours on Tuesday, hitting $37.56. 5,891 shares of the stock were exchanged, compared to its average volume of 152,864. Astec Industries has a 52-week low of $26.20 and a 52-week high of $43.26. The firm’s fifty day moving average price is $31.68 and its 200 day moving average price is $31.26. The company has a market cap of $809.45 million, a P/E ratio of 12.87 and a beta of 1.47.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.14). The company had revenue of $255.80 million for the quarter, compared to analyst estimates of $260.24 million. Astec Industries had a positive return on equity of 6.62% and a negative net margin of 0.53%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, sell-side analysts expect that Astec Industries will post 1.9 earnings per share for the current fiscal year.

ASTE has been the topic of several recent research reports. Sidoti initiated coverage on Astec Industries in a report on Tuesday, October 8th. They set a “neutral” rating on the stock. Zacks Investment Research cut Astec Industries from a “hold” rating to a “strong sell” rating and set a $37.00 target price on the stock. in a report on Thursday, October 31st. BidaskClub upgraded Astec Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. William Blair restated a “market perform” rating on shares of Astec Industries in a report on Tuesday, October 29th. Finally, ValuEngine upgraded Astec Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Astec Industries currently has a consensus rating of “Hold” and a consensus target price of $39.00.

In other Astec Industries news, VP Stephen C. Anderson acquired 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $61,050.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jaco Van Der Merwe acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the completion of the acquisition, the insider now directly owns 6,579 shares of the company’s stock, valued at approximately $184,212. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

About Astec Industries

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company's Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.

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Dividend History for Astec Industries (NASDAQ:ASTE)

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