Segall Bryant & Hamill LLC Sells 41,153 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Segall Bryant & Hamill LLC cut its holdings in Astec Industries, Inc. (NASDAQ:ASTE) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 403,899 shares of the industrial products company’s stock after selling 41,153 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.77% of Astec Industries worth $13,571,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ASTE. StockNews.com upgraded shares of Astec Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Robert W. Baird upped their price target on Astec Industries from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th.

Astec Industries Stock Performance

Shares of ASTE stock opened at $36.36 on Wednesday. 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 fifty day simple moving average of $34.55 and a two-hundred day simple moving average of $34.09. Astec Industries, Inc. has a 12 month low of $28.46 and a 12 month high of $44.74. The firm has a market capitalization of $829.15 million, a PE ratio of -454.44 and a beta of 1.32.

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

Astec Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.13 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.43%. Astec Industries’s dividend payout ratio is presently 273.68%.

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.