National Investment Services Inc. WI Acquires New Position in Astec Industries, Inc. (ASTE)

National Investment Services Inc. WI acquired a new position in Astec Industries, Inc. (NASDAQ:ASTE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,648 shares of the industrial products company’s stock, valued at approximately $447,000.

Other large investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its stake in Astec Industries by 11.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,870 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 198 shares during the period. Victory Capital Management Inc. raised its holdings in Astec Industries by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 289 shares in the last quarter. SG Americas Securities LLC raised its holdings in Astec Industries by 80.7% in the second quarter. SG Americas Securities LLC now owns 3,266 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 1,459 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Astec Industries by 165.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,094 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in Astec Industries in the second quarter worth about $230,000. 79.93% of the stock is owned by institutional investors.

Shares of Astec Industries, Inc. (NASDAQ:ASTE) traded down $1.66 during trading on Thursday, reaching $60.33. 283,800 shares of the company’s stock were exchanged, compared to its average volume of 247,314. The company has a market capitalization of $1,420.00, a P/E ratio of 35.70, a PEG ratio of 2.06 and a beta of 1.05. Astec Industries, Inc. has a fifty-two week low of $45.70 and a fifty-two week high of $73.37.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The firm had revenue of $252.10 million during the quarter, compared to the consensus estimate of $261.06 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. sell-side analysts forecast that Astec Industries, Inc. will post 1.61 EPS for the current fiscal year.

A number of equities analysts have commented on ASTE shares. Zacks Investment Research upgraded shares of Astec Industries from a “strong sell” rating to a “hold” rating in a report on Monday, December 4th. BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Robert W. Baird upgraded shares of Astec Industries from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $56.00 to $65.00 in a report on Tuesday, October 3rd. TheStreet downgraded shares of Astec Industries from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Finally, William Blair upgraded shares of Astec Industries from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $73.33.

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About Astec Industries

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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