Sei Investments Co. Purchases 16,984 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Sei Investments Co. grew its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 38.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,038 shares of the industrial products company’s stock after buying an additional 16,984 shares during the quarter. Sei Investments Co. owned 0.27% of Astec Industries worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of Astec Industries during the 2nd quarter valued at $689,000. Dimensional Fund Advisors LP lifted its holdings in shares of Astec Industries by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,684 shares of the industrial products company’s stock valued at $45,637,000 after buying an additional 29,421 shares during the period. American Century Companies Inc. raised its holdings in Astec Industries by 72.3% in the 2nd quarter. American Century Companies Inc. now owns 73,229 shares of the industrial products company’s stock worth $2,172,000 after purchasing an additional 30,717 shares during the period. Texas Permanent School Fund Corp raised its holdings in Astec Industries by 12.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 22,449 shares of the industrial products company’s stock worth $666,000 after purchasing an additional 2,548 shares during the period. Finally, Verus Capital Partners LLC bought a new position in Astec Industries in the 2nd quarter worth $285,000. 93.16% of the stock is owned by institutional investors.

Astec Industries Price Performance

Shares of Astec Industries stock opened at $30.97 on Friday. Astec Industries, Inc. has a one year low of $28.46 and a one year high of $46.83. The stock’s fifty day moving average is $32.15 and its 200 day moving average is $34.34. The stock has a market cap of $705.03 million, a P/E ratio of 28.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 2.50.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $345.50 million during the quarter, compared to the consensus estimate of $332.35 million. During the same period in the prior year, the business posted $0.87 earnings per share. Astec Industries’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Astec Industries Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.68%. Astec Industries’s dividend payout ratio is currently 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.