National Investment Services Inc. WI acquired a new stake in shares of Astec Industries, Inc. (NASDAQ:ASTE) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,648 shares of the industrial products company’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ASTE. 1060 Capital LLC acquired a new position in shares of Astec Industries during the third quarter valued at about $37,991,000. Gamco Investors INC. ET AL increased its holdings in shares of Astec Industries by 21.0% during the third quarter. Gamco Investors INC. ET AL now owns 1,274,239 shares of the industrial products company’s stock valued at $71,370,000 after acquiring an additional 221,167 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of Astec Industries during the third quarter valued at about $11,430,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Astec Industries by 10.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,490,000 shares of the industrial products company’s stock valued at $83,455,000 after acquiring an additional 140,000 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Astec Industries by 51.1% during the third quarter. Royce & Associates LP now owns 372,063 shares of the industrial products company’s stock valued at $20,839,000 after acquiring an additional 125,900 shares in the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.

Shares of Astec Industries, Inc. (NASDAQ:ASTE) traded down $1.66 during trading hours on Thursday, reaching $60.33. 283,800 shares of the company traded hands, compared to its average volume of 247,314. Astec Industries, Inc. has a one year low of $45.70 and a one year high of $73.37. The firm has a market cap of $1,420.00, a P/E ratio of 35.70, a PEG ratio of 2.06 and a beta of 1.05.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The business had revenue of $252.10 million during the quarter, compared to analyst estimates of $261.06 million. During the same quarter last year, the company posted $0.30 EPS. Astec Industries’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that Astec Industries, Inc. will post 1.61 EPS for the current fiscal year.

Several equities analysts have recently issued reports on ASTE shares. TheStreet downgraded shares of Astec Industries from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday. BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. William Blair upgraded shares of Astec Industries from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 2nd. Finally, Robert W. Baird upgraded shares of Astec Industries from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $65.00 in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Astec Industries currently has a consensus rating of “Buy” and an average price target of $73.33.

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About Astec Industries

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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Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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