Tudor Investment Corp ET AL Buys 837 Shares of Astec Industries, Inc. (ASTE)
Tudor Investment Corp ET AL raised its position in Astec Industries, Inc. (NASDAQ:ASTE) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,237 shares of the industrial products company’s stock after buying an additional 837 shares during the period. Tudor Investment Corp ET AL’s holdings in Astec Industries were worth $445,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of Astec Industries during the fourth quarter worth approximately $2,259,000. Comerica Bank raised its position in shares of Astec Industries by 5.9% in the fourth quarter. Comerica Bank now owns 20,339 shares of the industrial products company’s stock worth $1,361,000 after buying an additional 1,142 shares in the last quarter. State Street Corp raised its position in shares of Astec Industries by 10.9% in the fourth quarter. State Street Corp now owns 426,448 shares of the industrial products company’s stock worth $28,765,000 after buying an additional 41,755 shares in the last quarter. FMR LLC purchased a new position in shares of Astec Industries during the fourth quarter worth approximately $351,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Astec Industries during the fourth quarter worth approximately $1,393,000. 79.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Astec Industries, Inc. (NASDAQ ASTE) traded down 1.54% on Tuesday, reaching $47.26. The company’s stock had a trading volume of 218,819 shares. The firm’s 50 day moving average is $53.94 and its 200-day moving average is $60.58. The stock has a market cap of $1.09 billion, a P/E ratio of 22.49 and a beta of 1.09. Astec Industries, Inc. has a 52-week low of $47.14 and a 52-week high of $73.37.
Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.18. The company had revenue of $301.90 million during the quarter, compared to analysts’ expectations of $314.31 million. Astec Industries had a net margin of 4.08% and a return on equity of 7.40%. Astec Industries’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that Astec Industries, Inc. will post $2.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Friday, August 11th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, August 9th. Astec Industries’s dividend payout ratio (DPR) is presently 19.05%.
A number of brokerages have commented on ASTE. Dougherty & Co lowered Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a report on Wednesday, July 26th. BidaskClub lowered Astec Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st.
Astec Industries Company Profile
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
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