Financial Engines Advisors L.L.C. Buys Shares of 6,065 Astec Industries, Inc. (NASDAQ:ASTE)

Financial Engines Advisors L.L.C. purchased a new stake in Astec Industries, Inc. (NASDAQ:ASTE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,065 shares of the industrial products company’s stock, valued at approximately $204,000.

Other hedge funds also recently made changes to their positions in the company. Centiva Capital LP acquired a new stake in Astec Industries in the 3rd quarter valued at approximately $353,000. Geode Capital Management LLC increased its holdings in shares of Astec Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 569,089 shares of the industrial products company’s stock valued at $18,180,000 after purchasing an additional 22,743 shares during the period. Barclays PLC raised its stake in shares of Astec Industries by 118.9% during the third quarter. Barclays PLC now owns 40,529 shares of the industrial products company’s stock valued at $1,294,000 after purchasing an additional 22,017 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Astec Industries by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 56,586 shares of the industrial products company’s stock worth $1,807,000 after purchasing an additional 15,736 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Astec Industries by 319.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company’s stock valued at $539,000 after buying an additional 12,217 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Astec Industries Price Performance

Shares of NASDAQ ASTE opened at $35.03 on Friday. Astec Industries, Inc. has a twelve month low of $28.46 and a twelve month high of $44.74. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $34.69 and a two-hundred day moving average of $34.15. The company has a market capitalization of $798.82 million, a price-to-earnings ratio of -437.82 and a beta of 1.32.

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

Astec Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, March 10th. Astec Industries’s payout ratio is 273.68%.

Analysts Set New Price Targets

ASTE has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of 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 stock a “neutral” rating in a research report on Thursday, February 27th.

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.