Astec Industries Inc. (NASDAQ:ASTE) shares saw unusually-strong trading volume on Monday . Approximately 185,676 shares were traded during trading, an increase of 15% from the previous session’s volume of 161,387 shares.The stock last traded at $52.44 and had previously closed at $53.80.

Several equities analysts have issued reports on ASTE shares. Seaport Global Securities reiterated an “accumulate” rating on shares of Astec Industries in a research report on Tuesday, April 12th. Zacks Investment Research upgraded Astec Industries from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Monday, June 13th. Stifel Nicolaus upped their price target on Astec Industries from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, May 17th. Maxim Group upped their price target on Astec Industries from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, May 16th. Finally, BB&T Corp. restated a “hold” rating on shares of Astec Industries in a report on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.89.

The company has a market cap of $1.21 billion and a PE ratio of 34.09. The stock’s 50 day moving average price is $55.64 and its 200-day moving average price is $47.01.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, April 26th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. During the same period last year, the business earned $0.65 EPS. The company had revenue of $278.70 million for the quarter, compared to analyst estimates of $302.55 million. The company’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that Astec Industries Inc. will post $2.28 earnings per share for the current year.

In related news, VP Jeffrey J. Elliott sold 2,718 shares of Astec Industries stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $49.06, for a total value of $133,345.08. Following the completion of the sale, the vice president now owns 3,938 shares of the company’s stock, valued at approximately $193,198.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Malcolm L. Swanson sold 2,987 shares of Astec Industries stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $49.33, for a total transaction of $147,348.71. Following the completion of the sale, the insider now directly owns 160 shares of the company’s stock, valued at approximately $7,892.80. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in the stock. Employees Retirement System of Texas raised its stake in Astec Industries by 40.0% in the fourth quarter. Employees Retirement System of Texas now owns 66,500 shares of the company’s stock valued at $2,707,000 after buying an additional 19,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Astec Industries by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,343,421 shares of the company’s stock valued at $54,678,000 after buying an additional 83,524 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Astec Industries by 11.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,350,000 shares of the company’s stock valued at $54,945,000 after buying an additional 136,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in Astec Industries by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 594,990 shares of the company’s stock valued at $24,217,000 after buying an additional 64,247 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Astec Industries by 4.0% in the fourth quarter. Bank of Montreal Can now owns 234,849 shares of the company’s stock valued at $9,559,000 after buying an additional 8,958 shares during the last quarter.

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface.

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