10,625 Shares in Astec Industries, Inc. $ASTE Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in Astec Industries, Inc. (NASDAQ:ASTE) during the first quarter, Holdings Channel.com reports. The fund acquired 10,625 shares of the industrial products company’s stock, valued at approximately $572,000.

Other hedge funds have also recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new stake in shares of Astec Industries during the third quarter worth about $50,000. Farther Finance Advisors LLC lifted its position in Astec Industries by 8,994.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Astec Industries by 412.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Astec Industries during the 4th quarter valued at about $127,000. Finally, LSV Asset Management bought a new stake in Astec Industries during the 4th quarter worth approximately $182,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Astec Industries Stock Performance

Shares of ASTE stock opened at $57.56 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.00 and a current ratio of 2.34. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 1.44 and a beta of 1.34. Astec Industries, Inc. has a 52-week low of $37.82 and a 52-week high of $65.69. The company has a 50-day simple moving average of $54.00 and a two-hundred day simple moving average of $53.47.

Astec Industries (NASDAQ:ASTE) last posted 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 return on equity of 10.09% and a net margin of 1.75%.The firm had revenue of $396.30 million for the quarter, compared to the consensus estimate of $393.24 million. Research analysts anticipate that Astec Industries, Inc. will post 3.63 EPS for the current fiscal year.

Astec Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 13th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 13th. Astec Industries’s dividend payout ratio (DPR) is presently 46.43%.

Analyst Ratings Changes

Several analysts have recently commented on ASTE shares. Freedom Capital raised Astec Industries to a “strong-buy” rating in a research note on Wednesday, April 1st. Weiss Ratings cut 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. Zacks Research lowered Astec Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Finally, Longbow Research upgraded Astec Industries to a “strong-buy” rating in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Astec Industries presently has an average rating of “Moderate Buy”.

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.