1,000 Shares in Astec Industries, Inc. (NASDAQ:ASTE) Purchased by Tompkins Financial Corp

Tompkins Financial Corp acquired a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,000 shares of the industrial products company’s stock, valued at approximately $34,000.

A number of other hedge funds have also made changes to their positions in ASTE. GAMMA Investing LLC increased its position in shares of Astec Industries by 69.8% during the third quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 458 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Astec Industries during the third quarter worth $45,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Astec Industries in the third quarter valued at about $49,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Astec Industries in the third quarter worth about $64,000. Finally, Point72 DIFC Ltd acquired a new position in Astec Industries during the third quarter worth about $69,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Price Performance

Astec Industries stock opened at $33.85 on Friday. 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 company has a 50-day moving average price of $35.61 and a 200 day moving average price of $33.35. Astec Industries, Inc. has a 12-month low of $28.46 and a 12-month high of $44.74. The stock has a market cap of $771.78 million, a P/E ratio of -423.07 and a beta of 1.31.

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

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, November 13th. Astec Industries’s dividend payout ratio (DPR) is presently -649.92%.

Analysts Set New Price Targets

A number of research firms have commented on ASTE. StockNews.com upgraded shares of Astec Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Robert W. Baird increased their price target on Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

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.