Kennedy Capital Management LLC Has $5.21 Million Stock Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

Kennedy Capital Management LLC lowered its position in Astec Industries, Inc. (NASDAQ:ASTE) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,978 shares of the industrial products company’s stock after selling 2,447 shares during the quarter. Kennedy Capital Management LLC’s holdings in Astec Industries were worth $5,207,000 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. Tompkins Financial Corp bought a new stake in Astec Industries during the 4th quarter worth approximately $34,000. Invesco Ltd. lifted its holdings in shares of Astec Industries by 0.3% during the fourth quarter. Invesco Ltd. now owns 381,598 shares of the industrial products company’s stock worth $12,822,000 after purchasing an additional 1,243 shares during the period. R Squared Ltd bought a new stake in shares of Astec Industries in the fourth quarter worth $42,000. Point72 Asset Management L.P. acquired a new stake in Astec Industries in the third quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Astec Industries during the 3rd quarter worth $49,000. Institutional investors own 93.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ASTE. StockNews.com upgraded Astec Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Robert W. Baird upped their target price on Astec Industries from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, February 27th.

Astec Industries Price Performance

Shares of NASDAQ ASTE opened at $33.77 on Friday. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $770.09 million, a PE ratio of -422.07 and a beta of 1.39. The firm has a fifty day simple moving average of $34.21 and a 200 day simple moving average of $34.26. Astec Industries, Inc. has a twelve month low of $28.46 and a twelve month high of $44.03.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.46. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%. The company had revenue of $359.00 million for the quarter, compared to the consensus estimate of $374.10 million.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 10th. Astec Industries’s payout ratio is 273.68%.

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.