Astec Industries Inc. (NASDAQ:ASTE) insider Tommie Kruger sold 1,945 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $63.36, for a total transaction of $123,235.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Astec Industries Inc. (NASDAQ:ASTE) opened at 66.52 on Wednesday. The stock has a 50 day moving average of $58.48 and a 200 day moving average of $56.53. The stock has a market capitalization of $1.53 billion, a P/E ratio of 33.09 and a beta of 1.29. Astec Industries Inc. has a 1-year low of $33.08 and a 1-year high of $67.14.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.05. The firm earned $247.80 million during the quarter, compared to analyst estimates of $244.36 million. Astec Industries had a net margin of 4.48% and a return on equity of 7.36%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, analysts expect that Astec Industries Inc. will post $2.37 earnings per share for the current year.

Insider Buying and Selling by Quarter for Astec Industries (NASDAQ:ASTE)

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Thursday, November 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.40 annualized dividend and a yield of 0.60%. Astec Industries’s dividend payout ratio is currently 19.80%.

A number of brokerages recently issued reports on ASTE. Zacks Investment Research raised shares of Astec Industries from a “sell” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, July 28th. Maxim Group increased their price objective on shares of Astec Industries from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Stifel Nicolaus increased their price objective on shares of Astec Industries from $63.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, Robert W. Baird downgraded shares of Astec Industries from an “outperform” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a report on Tuesday, July 19th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.20.

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Astec Industries by 0.9% in the second quarter. Royal Bank of Canada now owns 5,172 shares of the company’s stock valued at $291,000 after buying an additional 47 shares in the last quarter. American International Group Inc. boosted its position in shares of Astec Industries by 0.4% in the second quarter. American International Group Inc. now owns 14,327 shares of the company’s stock valued at $804,000 after buying an additional 50 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Astec Industries by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,190 shares of the company’s stock valued at $251,000 after buying an additional 70 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Astec Industries by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the company’s stock valued at $472,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Astec Industries by 1.0% in the second quarter. Arizona State Retirement System now owns 9,766 shares of the company’s stock valued at $548,000 after buying an additional 100 shares in the last quarter. 76.67% of the stock is currently owned by institutional investors.

Astec Industries Company Profile

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.

5 Day Chart for NASDAQ:ASTE

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