Astec Industries (ASTE) : Community Financial Services Group reduced its stake in Astec Industries by 1.68% during the most recent quarter end. The investment management company now holds a total of 93,566 shares of Astec Industries which is valued at $5,583,083 after selling 1,596 shares in Astec Industries , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Astec Industries makes up approximately 2.66% of Community Financial Services Group’s portfolio.
Other Hedge Funds, Including , New Jersey Better Educational Savings Trust reduced its stake in ASTE by selling 4,000 shares or 19.05% in the most recent quarter. The Hedge Fund company now holds 17,000 shares of ASTE which is valued at $1,014,390. Astec Industries makes up approx 0.65% of New Jersey Better Educational Savings Trust’s portfolio. Simplex Trading added ASTE to its portfolio by purchasing 1,714 company shares during the most recent quarter which is valued at $94,441. Astec Industries makes up approx 0.01% of Simplex Trading’s portfolio. Cutler Group Lp sold out all of its stake in ASTE during the most recent quarter. The investment firm sold 4,727 shares of ASTE which is valued $273,079.Benjamin F. Edwards Company boosted its stake in ASTE in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 728 shares of Astec Industries which is valued at $42,057. Astec Industries makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ASTE in the latest quarter, The investment management firm added 3,223 additional shares and now holds a total of 6,178 shares of Astec Industries which is valued at $358,571.
Astec Industries closed down -0.32 points or -0.53% at $59.8 with 69,153 shares getting traded on Monday. Post opening the session at $60.12, the shares hit an intraday low of $59.57 and an intraday high of $60.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Astec Industries reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.75. The company had revenue of $294.39 million for the quarter, compared to analysts expectations of $283.44 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on Astec Industries. Company shares were Reiterated by Maxim Group on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $60 .Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $63 .Robert W. Baird Downgraded Astec Industries on Jul 19, 2016 to ” Neutral”, Price Target of the shares are set at $55.
Astec Industries Inc. designs engineers manufactures and markets equipment and components used primarily in road building and related construction activities. The Company’s products are used in road building from quarrying and crushing the aggregate to application of the road surface. The Company manufactures certain equipment and components unrelated to road construction including equipment for the mining quarrying construction and demolition industries and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders and blower trucks. It also manufactures multiple use plants for cement treated base roller compacted concrete and ready-mix concrete. The Companys business segments are Infrastructure Group Aggregate and Mining Group and Energy Group.