Caxton Associates LLP Takes $765,000 Position in Astec Industries, Inc. $ASTE

Caxton Associates LLP purchased a new stake in Astec Industries, Inc. (NASDAQ:ASTE) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,208 shares of the industrial products company’s stock, valued at approximately $765,000. Caxton Associates LLP owned 0.06% of Astec Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. iSAM Funds UK Ltd purchased a new position in Astec Industries during the 3rd quarter worth $50,000. Farther Finance Advisors LLC lifted its holdings in shares of Astec Industries by 8,994.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company’s stock worth $67,000 after buying an additional 1,529 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Astec Industries by 412.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after buying an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Astec Industries during the fourth quarter valued at $127,000. Finally, LSV Asset Management purchased a new position in shares of Astec Industries during the fourth quarter valued at $182,000. Institutional investors own 93.16% of the company’s stock.

Astec Industries Stock Performance

ASTE opened at $56.40 on Monday. The company has a current ratio of 2.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 50.36, a PEG ratio of 1.41 and a beta of 1.34. Astec Industries, Inc. has a 12 month low of $37.88 and a 12 month high of $65.69. The stock has a fifty day moving average price of $54.07 and a 200-day moving average price of $54.65.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The company had revenue of $396.30 million for the quarter, compared to the consensus estimate of $393.24 million. As a group, equities research analysts anticipate that Astec Industries, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Freedom Capital raised shares of Astec Industries to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings lowered shares of Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Astec Industries 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.