7,304 Shares in Astec Industries, Inc. (NASDAQ:ASTE) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Astec Industries, Inc. (NASDAQ:ASTE) during the third quarter, according to its most recent filing with the SEC. The firm acquired 7,304 shares of the industrial products company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Astec Industries by 96.9% in the third quarter. Assenagon Asset Management S.A. now owns 171,101 shares of the industrial products company’s stock valued at $5,465,000 after acquiring an additional 84,202 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Astec Industries by 41.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 175,738 shares of the industrial products company’s stock valued at $5,212,000 after purchasing an additional 51,141 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Astec Industries by 7.7% during the 2nd quarter. Gabelli Funds LLC now owns 581,500 shares of the industrial products company’s stock worth $17,247,000 after buying an additional 41,800 shares during the period. 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 worth $2,172,000 after buying an additional 30,717 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Astec Industries by 1.9% in 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 buying an additional 29,421 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

Astec Industries Stock Up 0.7 %

Astec Industries stock opened at $38.61 on Monday. The firm has a market capitalization of $880.31 million, a price-to-earnings ratio of -482.56 and a beta of 1.26. The company’s 50 day simple moving average is $33.71 and its 200 day simple moving average is $32.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.47 and a quick ratio of 0.91. Astec Industries, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $44.74.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. The company had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $312.90 million. During the same period last year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year.

Astec Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.35%. Astec Industries’s dividend payout ratio (DPR) is currently -649.92%.

Wall Street Analysts Forecast Growth

ASTE has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Astec Industries from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com cut Astec Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 25th.

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.