Astec Industries (NASDAQ:ASTE – Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, February 28th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Astec Industries Stock Performance
Shares of Astec Industries stock opened at $35.22 on Monday. The company has a market cap of $800.90 million, a PE ratio of 45.15 and a beta of 1.36. Astec Industries has a 52 week low of $28.97 and a 52 week high of $56.33. The business has a 50 day moving average price of $35.60 and a 200-day moving average price of $39.91. The company has a quick ratio of 1.05, a current ratio of 2.64 and a debt-to-equity ratio of 0.19.
Institutional Trading of Astec Industries
Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in shares of Astec Industries by 157.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,103 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 674 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Astec Industries in the first quarter worth $51,000. Advisor Group Holdings Inc. increased its position in Astec Industries by 336.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,310 shares of the industrial products company’s stock worth $53,000 after buying an additional 1,010 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Astec Industries by 156.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,362 shares of the industrial products company’s stock worth $62,000 after buying an additional 831 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Astec Industries by 31.2% in the first quarter. Captrust Financial Advisors now owns 2,639 shares of the industrial products company’s stock worth $113,000 after buying an additional 628 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Read Our Latest Report on ASTE
About Astec Industries
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.
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