SG Americas Securities LLC Acquires 1,577 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

SG Americas Securities LLC boosted its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,602 shares of the industrial products company’s stock after purchasing an additional 1,577 shares during the period. SG Americas Securities LLC owned about 0.06% of Astec Industries worth $423,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ASTE. The Manufacturers Life Insurance Company increased its holdings in Astec Industries by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,912 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 315 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Astec Industries by 69.8% during the third quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 458 shares during the last quarter. Tompkins Financial Corp bought a new position in shares of Astec Industries in the fourth quarter valued at about $34,000. Point72 Asset Management L.P. acquired a new position in Astec Industries during the 3rd quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Astec Industries in the 3rd quarter valued at about $49,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Astec Industries Price Performance

Shares of ASTE stock opened at $34.91 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47. Astec Industries, Inc. has a 52-week low of $28.46 and a 52-week high of $44.74. The stock has a market cap of $795.95 million, a PE ratio of -436.32 and a beta of 1.31. The firm’s 50 day moving average price is $35.17 and its two-hundred day moving average price is $33.70.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ASTE. Robert W. Baird increased their price target on shares of Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. StockNews.com lowered Astec Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th.

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.