Segall Bryant & Hamill LLC Sells 10,906 Shares of Astec Industries, Inc. $ASTE

Segall Bryant & Hamill LLC lowered its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,996 shares of the industrial products company’s stock after selling 10,906 shares during the period. Segall Bryant & Hamill LLC’s holdings in Astec Industries were worth $12,221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASTE. Bank of America Corp DE raised its stake in shares of Astec Industries by 64.3% in the 1st quarter. Bank of America Corp DE now owns 93,365 shares of the industrial products company’s stock valued at $5,027,000 after buying an additional 36,526 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Astec Industries by 41.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,703 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 2,849 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Astec Industries during the 1st quarter valued at about $510,000. Quantinno Capital Management LP boosted its position in shares of Astec Industries by 73.2% during the 1st quarter. Quantinno Capital Management LP now owns 16,696 shares of the industrial products company’s stock valued at $899,000 after acquiring an additional 7,059 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Astec Industries by 32.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 23,131 shares of the industrial products company’s stock valued at $1,245,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASTE. Weiss Ratings lowered shares of Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Astec Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Zacks Research upgraded Astec Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Astec Industries currently has a consensus rating of “Buy”.

Astec Industries Stock Performance

Astec Industries stock opened at $50.66 on Monday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 45.23, a P/E/G ratio of 1.27 and a beta of 1.36. The stock has a fifty day moving average price of $54.55 and a two-hundred day moving average price of $54.84. Astec Industries, Inc. has a 52-week low of $37.88 and a 52-week high of $65.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.00.

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

Astec Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 10th will be given a $0.13 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Astec Industries’s payout ratio is 46.43%.

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.