Astec Industries, Inc. (ASTE) To Go Ex-Dividend on March 9th

Astec Industries, Inc. (NASDAQ:ASTE) announced a quarterly dividend on Monday, February 23rd. Stockholders of record on Monday, March 9th will be paid a dividend of 0.13 per share by the industrial products company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th.

Astec Industries has increased its dividend by an average of 0.0%per year over the last three years. Astec Industries has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings.

Astec Industries Stock Performance

Shares of NASDAQ:ASTE opened at $58.51 on Wednesday. The firm’s 50 day simple moving average is $50.38 and its 200 day simple moving average is $47.53. Astec Industries has a fifty-two week low of $29.65 and a fifty-two week high of $59.99. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.51 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.58 and a quick ratio of 1.01.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.74 by $0.32. The firm had revenue of $400.60 million during the quarter, compared to the consensus estimate of $374.21 million. Astec Industries had a net margin of 3.50% and a return on equity of 11.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Invesco Ltd. lifted its stake in Astec Industries by 14.9% in the 4th quarter. Invesco Ltd. now owns 586,160 shares of the industrial products company’s stock valued at $25,392,000 after acquiring an additional 75,989 shares in the last quarter. Summit Global Investments lifted its position in shares of Astec Industries by 12.7% in the fourth quarter. Summit Global Investments now owns 21,006 shares of the industrial products company’s stock worth $910,000 after purchasing an additional 2,371 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Astec Industries by 45.9% in the fourth quarter. XTX Topco Ltd now owns 7,302 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 2,297 shares in the last quarter. VARCOV Co. bought a new position in Astec Industries in the fourth quarter valued at $351,000. Finally, Tudor Investment Corp ET AL grew its position in Astec Industries by 65.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 93,923 shares of the industrial products company’s stock valued at $4,069,000 after purchasing an additional 37,246 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.