NJ State Employees Deferred Compensation Plan Continues to Hold Position in Astec Industries, Inc. (ASTE)

NJ State Employees Deferred Compensation Plan continued to hold its stake in Astec Industries, Inc. (NASDAQ:ASTE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the industrial products company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Astec Industries were worth $555,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Astec Industries by 69,549.4% in the first quarter. BlackRock Inc. now owns 2,317,931 shares of the industrial products company’s stock worth $142,543,000 after buying an additional 2,314,603 shares during the period. Vanguard Group Inc. raised its position in shares of Astec Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,807,106 shares of the industrial products company’s stock worth $111,128,000 after buying an additional 109,609 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Astec Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,503,247 shares of the industrial products company’s stock worth $92,443,000 after buying an additional 16,362 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Astec Industries by 11.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,350,000 shares of the industrial products company’s stock worth $83,018,000 after buying an additional 140,000 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Astec Industries by 9.5% in the first quarter. Principal Financial Group Inc. now owns 485,371 shares of the industrial products company’s stock worth $29,848,000 after buying an additional 42,050 shares during the period. Institutional investors and hedge funds own 79.01% of the company’s stock.

Shares of Astec Industries, Inc. (ASTE) traded up 0.87% on Friday, hitting $46.52. The stock had a trading volume of 155,314 shares. The firm has a 50-day moving average of $51.47 and a 200 day moving average of $59.05. The company has a market capitalization of $1.07 billion, a PE ratio of 22.14 and a beta of 1.09. Astec Industries, Inc. has a 1-year low of $45.70 and a 1-year high of $73.37.

Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.80 by $0.18. The firm had revenue of $301.90 million for the quarter, compared to the consensus estimate of $314.31 million. Astec Industries had a return on equity of 7.40% and a net margin of 4.08%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. On average, equities analysts anticipate that Astec Industries, Inc. will post $2.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Friday, August 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. Astec Industries’s dividend payout ratio (DPR) is presently 19.05%.

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A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Astec Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Dougherty & Co downgraded Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Wednesday, July 26th.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

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

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