Astec Industries, Inc. (NASDAQ:ASTE) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 72.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,229 shares of the industrial products company’s stock after purchasing an additional 30,717 shares during the period. American Century Companies Inc. owned approximately 0.32% of Astec Industries worth $2,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. TFO Wealth Partners LLC lifted its position in shares of Astec Industries by 41,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,251 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 1,248 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Astec Industries in the 1st quarter valued at approximately $66,000. GAMMA Investing LLC lifted its position in shares of Astec Industries by 32.0% in the 1st quarter. GAMMA Investing LLC now owns 1,646 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 399 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Astec Industries in the 1st quarter valued at approximately $85,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Astec Industries in the 1st quarter valued at approximately $98,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Astec Industries Stock Up 1.0 %

Astec Industries stock opened at $31.70 on Friday. The firm has a market cap of $721.65 million, a PE ratio of 29.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 2.50. The firm’s 50 day moving average price is $32.50 and its two-hundred day moving average price is $34.70. Astec Industries, Inc. has a twelve month low of $28.46 and a twelve month high of $48.47.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.11). The firm had revenue of $345.50 million during the quarter, compared to the consensus estimate of $332.35 million. Astec Industries had a positive return on equity of 6.56% and a negative net margin of 0.18%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 EPS.

Astec Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were given a dividend of $0.13 per share. The ex-dividend date was Monday, August 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.64%. Astec Industries’s dividend payout ratio (DPR) is currently 47.71%.

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.