128,272 Shares in Astec Industries, Inc. $ASTE Purchased by Nuveen LLC

Nuveen LLC bought a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 128,272 shares of the industrial products company’s stock, valued at approximately $4,419,000. Nuveen LLC owned 0.56% of Astec Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Astec Industries by 149.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,704 shares of the industrial products company’s stock worth $1,402,000 after acquiring an additional 24,358 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Astec Industries by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 282,394 shares of the industrial products company’s stock worth $9,728,000 after acquiring an additional 17,444 shares during the period. US Bancorp DE increased its position in shares of Astec Industries by 4.1% during the first quarter. US Bancorp DE now owns 8,326 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 327 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Astec Industries by 20.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,223 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 1,227 shares during the period. Finally, Heartland Advisors Inc. increased its holdings in Astec Industries by 27.1% during the first quarter. Heartland Advisors Inc. now owns 234,800 shares of the industrial products company’s stock valued at $8,089,000 after buying an additional 50,000 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

Astec Industries Price Performance

Shares of ASTE opened at $46.51 on Wednesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 23.37 and a beta of 1.43. Astec Industries, Inc. has a twelve month low of $29.04 and a twelve month high of $46.77. 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 company has a 50 day moving average of $41.42 and a two-hundred day moving average of $38.14.

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

Astec Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 11th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Astec Industries’s payout ratio is currently 26.13%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Astec Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.00.

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.