Astec Industries, Inc. (NASDAQ:ASTE) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Astec Industries, Inc. (NASDAQ:ASTEGet Rating) by 15.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 226,175 shares of the industrial products company’s stock after acquiring an additional 30,725 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.99% of Astec Industries worth $9,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new position in Astec Industries in the 4th quarter valued at about $37,000. Lazard Asset Management LLC purchased a new position in Astec Industries in the 1st quarter valued at about $51,000. Captrust Financial Advisors lifted its holdings in Astec Industries by 31.2% in the 1st quarter. Captrust Financial Advisors now owns 2,639 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 628 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in Astec Industries in the 1st quarter valued at about $179,000. Finally, Envestnet Asset Management Inc. purchased a new position in Astec Industries in the 4th quarter valued at about $226,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Astec Industries Trading Down 2.2 %

NASDAQ:ASTE opened at $35.41 on Wednesday. The firm has a market cap of $809.65 million, a price-to-earnings ratio of 1,770.50 and a beta of 1.40. The company’s 50-day moving average is $41.72 and its two-hundred day moving average is $42.42. Astec Industries, Inc. has a 12-month low of $34.64 and a 12-month high of $75.00.

Astec Industries (NASDAQ:ASTEGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.33). The company had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $308.70 million. Astec Industries had a return on equity of 3.72% and a net margin of 0.03%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, equities research analysts forecast that Astec Industries, Inc. will post 1.38 earnings per share for the current fiscal year.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Friday, August 12th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.36%. Astec Industries’s payout ratio is currently 2,400.00%.

Astec Industries Company Profile

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Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. 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.

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Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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