Jump Financial LLC Purchases 5,164 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Jump Financial LLC lifted its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 51.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,164 shares of the industrial products company’s stock after buying an additional 5,164 shares during the quarter. Jump Financial LLC owned about 0.07% of Astec Industries worth $564,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Astec Industries in the 4th quarter worth about $44,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Astec Industries in the third quarter valued at approximately $123,000. Janney Montgomery Scott LLC bought a new stake in shares of Astec Industries in the third quarter valued at approximately $208,000. Legato Capital Management LLC acquired a new stake in Astec Industries during the fourth quarter worth approximately $208,000. Finally, Campbell & CO Investment Adviser LLC grew its position in Astec Industries by 24.9% during the third quarter. Campbell & CO Investment Adviser LLC now owns 5,655 shares of the industrial products company’s stock worth $266,000 after buying an additional 1,129 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Insider Transactions at Astec Industries

In other news, insider Michael Paul Norris acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $33.46 per share, with a total value of $33,460.00. Following the acquisition, the insider now directly owns 15,886 shares in the company, valued at approximately $531,545.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Astec Industries Price Performance

Shares of ASTE stock opened at $33.56 on Wednesday. The business has a fifty day simple moving average of $40.04 and a 200 day simple moving average of $36.75. The company has a market cap of $763.99 million, a P/E ratio of 30.79 and a beta of 1.40. The company has a quick ratio of 0.95, a current ratio of 2.51 and a debt-to-equity ratio of 0.19. Astec Industries, Inc. has a twelve month low of $28.97 and a twelve month high of $56.33.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). The company had revenue of $309.20 million during the quarter, compared to the consensus estimate of $343.27 million. Astec Industries had a return on equity of 7.44% and a net margin of 1.91%. The firm’s revenue was down 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. On average, sell-side analysts forecast that Astec Industries, Inc. will post 2.44 EPS for the current fiscal year.

Astec Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 13th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.55%. Astec Industries’s payout ratio is presently 47.71%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASTE. Stifel Nicolaus downgraded Astec Industries from a “buy” rating to a “hold” rating and cut their target price for the company from $47.00 to $37.00 in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

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.