Rhumbline Advisers Has $2.15 Million Stock Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

Rhumbline Advisers lowered its position in Astec Industries, Inc. (NASDAQ:ASTE) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,542 shares of the industrial products company’s stock after selling 2,837 shares during the quarter. Rhumbline Advisers owned 0.32% of Astec Industries worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ASTE. Quest Partners LLC acquired a new position in Astec Industries in the 4th quarter valued at approximately $42,000. TFO Wealth Partners LLC increased its holdings in Astec Industries by 41,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,251 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 1,248 shares during the period. Lazard Asset Management LLC bought a new position in Astec Industries during the 1st quarter worth $66,000. GAMMA Investing LLC lifted its holdings in Astec Industries by 32.0% during the 1st quarter. GAMMA Investing LLC now owns 1,646 shares of the industrial products company’s stock worth $72,000 after buying an additional 399 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Astec Industries in the 1st quarter valued at about $85,000. Institutional investors own 93.16% of the company’s stock.

Astec Industries Trading Up 1.7 %

Shares of ASTE stock opened at $32.64 on Friday. The stock has a 50-day moving average of $32.68 and a 200-day moving average of $35.11. The company has a current ratio of 2.50, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20. The stock has a market cap of $743.05 million, a price-to-earnings ratio of 29.94 and a beta of 1.27. Astec Industries, Inc. has a 1-year low of $28.46 and a 1-year high of $50.37.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.11). Astec Industries had a positive return on equity of 6.56% and a negative net margin of 0.18%. The firm had revenue of $345.50 million for the quarter, compared to the consensus estimate of $332.35 million. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Astec Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were issued a $0.13 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.52 annualized dividend and a yield of 1.59%. Astec Industries’s payout ratio is 47.71%.

Astec Industries Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.