AM Investment Strategies LLC Sells 989 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

AM Investment Strategies LLC trimmed its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 12.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,812 shares of the industrial products company’s stock after selling 989 shares during the period. AM Investment Strategies LLC’s holdings in Astec Industries were worth $218,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in shares of Astec Industries by 96.9% during the third quarter. Assenagon Asset Management S.A. now owns 171,101 shares of the industrial products company’s stock worth $5,465,000 after purchasing an additional 84,202 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Astec Industries during the 3rd quarter worth $72,000. nVerses Capital LLC boosted its position in Astec Industries by 425.0% in the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the industrial products company’s stock valued at $134,000 after buying an additional 3,400 shares during the last quarter. GAMMA Investing LLC boosted its position in Astec Industries by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company’s stock valued at $36,000 after buying an additional 458 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Astec Industries in the 3rd quarter valued at $352,000. Institutional investors own 93.16% of the company’s stock.

Astec Industries Trading Up 0.7 %

Astec Industries stock traded up $0.23 during trading hours on Friday, reaching $32.01. 195,532 shares of the company’s stock traded hands, compared to its average volume of 147,690. Astec Industries, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $44.74. The firm’s 50 day moving average is $31.66 and its 200-day moving average is $32.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 2.50. The firm has a market capitalization of $729.83 million, a price-to-earnings ratio of -320.07 and a beta of 1.27.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.11). The business had revenue of $345.50 million during the quarter, compared to the consensus estimate of $332.35 million. Astec Industries had a negative net margin of 0.18% and a positive return on equity of 6.56%. Astec Industries’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share.

Astec Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. Astec Industries’s payout ratio is currently -519.95%.

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.