Jackson Creek Investment Advisors LLC Makes New Investment in Astec Industries, Inc. $ASTE

Jackson Creek Investment Advisors LLC bought a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,819 shares of the industrial products company’s stock, valued at approximately $1,965,000. Jackson Creek Investment Advisors LLC owned 0.18% of Astec Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Astec Industries during the 2nd quarter valued at about $27,000. Tower Research Capital LLC TRC grew its holdings in shares of Astec Industries by 412.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 1,780 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Astec Industries during the 3rd quarter worth approximately $136,000. AlphaQuest LLC bought a new stake in shares of Astec Industries in the 3rd quarter worth approximately $194,000. Finally, Teacher Retirement System of Texas acquired a new position in Astec Industries during the 2nd quarter valued at approximately $204,000. 93.16% of the stock is currently owned by institutional investors.

Astec Industries Trading Up 4.4%

Shares of ASTE stock opened at $50.85 on Tuesday. Astec Industries, Inc. has a 1 year low of $29.65 and a 1 year high of $50.99. The firm has a market capitalization of $1.16 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.11 and a beta of 1.45. The stock has a fifty day moving average of $46.51 and a two-hundred day moving average of $45.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.01 and a current ratio of 2.58.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $350.10 million for the quarter, compared to analyst estimates of $336.00 million. Astec Industries had a return on equity of 11.93% and a net margin of 3.50%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Astec Industries in a research note on Monday, December 29th. Zacks Research upgraded shares of Astec Industries to a “hold” rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.