Dimensional Fund Advisors LP Acquires 29,421 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Dimensional Fund Advisors LP raised its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,538,684 shares of the industrial products company’s stock after purchasing an additional 29,421 shares during the quarter. Dimensional Fund Advisors LP owned 6.76% of Astec Industries worth $45,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. TFO Wealth Partners LLC boosted its position in Astec Industries by 41,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,251 shares of the industrial products company’s stock valued at $47,000 after buying an additional 1,248 shares during the period. Lazard Asset Management LLC purchased a new position in Astec Industries during the 1st quarter worth $66,000. GAMMA Investing LLC raised its position in Astec Industries by 32.0% during the 1st quarter. GAMMA Investing LLC now owns 1,646 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 399 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Astec Industries in the 1st quarter worth $85,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Astec Industries during the 1st quarter worth $98,000. 93.16% of the stock is owned by hedge funds and other institutional investors.

Astec Industries Stock Performance

ASTE stock opened at $31.70 on Monday. Astec Industries, Inc. has a 1-year low of $28.46 and a 1-year high of $48.47. The business has a 50-day moving average price of $32.50 and a 200 day moving average price of $34.67. The company has a market capitalization of $721.65 million, a P/E ratio of 29.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.04.

Astec Industries (NASDAQ:ASTE) last released 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 for 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 for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share.

Astec Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, August 12th. Astec Industries’s dividend payout ratio (DPR) is currently 47.71%.

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.