Shares of Astec Industries, Inc. (NASDAQ:ASTE) were up 5.6% on Monday . The stock traded as high as $30.22 and last traded at $30.12, approximately 108,959 shares were traded during trading. A decline of 1% from the average daily volume of 110,256 shares. The stock had previously closed at $28.53.

Several equities research analysts have recently weighed in on ASTE shares. ValuEngine raised shares of Astec Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 27th. BidaskClub cut shares of Astec Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Astec Industries has an average rating of “Hold” and a consensus price target of $41.00.

The company has a market cap of $678.75 million, a price-to-earnings ratio of 10.90 and a beta of 1.47. The firm has a 50-day moving average price of $29.41 and a 200 day moving average price of $33.22. The company has a current ratio of 3.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $299.96 million. Astec Industries had a negative net margin of 0.20% and a positive return on equity of 7.07%. Astec Industries’s revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Research analysts anticipate that Astec Industries, Inc. will post 2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, August 9th. Astec Industries’s dividend payout ratio is presently 15.07%.

In other Astec Industries news, VP Stephen C. Anderson bought 2,200 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $27.75 per share, with a total value of $61,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jaco Van Der Merwe bought 2,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $56,000.00. Following the acquisition, the insider now directly owns 6,579 shares of the company’s stock, valued at $184,212. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. KBC Group NV lifted its holdings in shares of Astec Industries by 208.7% in the 2nd quarter. KBC Group NV now owns 5,627 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 3,804 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Astec Industries by 361.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,198 shares of the industrial products company’s stock worth $196,000 after buying an additional 4,071 shares during the last quarter. Piedmont Investment Advisors Inc. acquired a new stake in Astec Industries in the first quarter worth $217,000. JPMorgan Chase & Co. increased its position in Astec Industries by 14.7% in the second quarter. JPMorgan Chase & Co. now owns 7,382 shares of the industrial products company’s stock worth $239,000 after buying an additional 946 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Astec Industries in the first quarter worth $258,000. Institutional investors and hedge funds own 92.98% of the company’s stock.

Astec Industries Company Profile (NASDAQ:ASTE)

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company's Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.

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