SG Americas Securities LLC Purchases 1,577 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

SG Americas Securities LLC increased its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,602 shares of the industrial products company’s stock after buying an additional 1,577 shares during the period. SG Americas Securities LLC’s holdings in Astec Industries were worth $423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in Astec Industries by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 8,912 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 315 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Astec Industries by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company’s stock worth $36,000 after buying an additional 458 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of Astec Industries during the 4th quarter worth approximately $34,000. Point72 Asset Management L.P. bought a new stake in shares of Astec Industries in the 3rd quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Astec Industries during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Price Performance

NASDAQ ASTE opened at $34.91 on Monday. The company has a market cap of $795.95 million, a PE ratio of -436.32 and a beta of 1.31. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $35.17 and its two-hundred day simple moving average is $33.70. Astec Industries, Inc. has a 52 week low of $28.46 and a 52 week high of $44.74.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $291.40 million during the quarter, compared to analyst estimates of $312.90 million. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. Astec Industries’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share.

Wall Street Analyst Weigh In

ASTE has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com downgraded Astec Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th.

Astec Industries Company 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.