Thrivent Financial for Lutherans Sells 829 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Thrivent Financial for Lutherans lessened its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,898 shares of the industrial products company’s stock after selling 829 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Astec Industries worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. SG Capital Management LLC increased its stake in Astec Industries by 100.8% in the 1st quarter. SG Capital Management LLC now owns 209,685 shares of the industrial products company’s stock worth $9,165,000 after buying an additional 105,280 shares during the period. Russell Investments Group Ltd. increased its position in shares of Astec Industries by 251.0% during the first quarter. Russell Investments Group Ltd. now owns 96,480 shares of the industrial products company’s stock worth $4,217,000 after acquiring an additional 68,991 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Astec Industries by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,684 shares of the industrial products company’s stock valued at $45,637,000 after acquiring an additional 29,421 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Astec Industries by 72.3% during the second quarter. American Century Companies Inc. now owns 73,229 shares of the industrial products company’s stock valued at $2,172,000 after acquiring an additional 30,717 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Astec Industries by 31.9% in the second quarter. Assenagon Asset Management S.A. now owns 86,899 shares of the industrial products company’s stock valued at $2,577,000 after purchasing an additional 21,016 shares during the period. Institutional investors own 93.16% of the company’s stock.

Astec Industries Trading Down 1.5 %

ASTE opened at $30.30 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $31.98 and its two-hundred day moving average is $34.13. The company has a market capitalization of $689.78 million, a P/E ratio of 27.80 and a beta of 1.27. Astec Industries, Inc. has a 52 week low of $28.46 and a 52 week high of $46.83.

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

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend yield of 1.72%. Astec Industries’s dividend payout ratio is currently 47.71%.

Astec Industries Company 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.