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Astec Industries, Inc. (NASDAQ:ASTE - Get Rating) announced a quarterly dividend on Thursday, July 28th, Zacks reports. Shareholders of record on Friday, August 12th will be given a dividend of 0.12 per share by the industrial products company on Monday, August 29th. This represents a $0.48 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 11th.

Astec Industries has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Astec Industries to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 20.3%. Astec Industries Trading Down 1.0 %

NASDAQ:ASTE opened at $41.90 on Tuesday. Astec Industries has a twelve month low of $36.31 and a twelve month high of $75.00. The firm has a market capitalization of $957.83 million, a price-to-earnings ratio of 2,095.00 and a beta of 1.35. The firm's fifty day simple moving average is $43.92 and its 200 day simple moving average is $45.85.

Astec Industries (NASDAQ:ASTE - Get Rating) last posted its earnings results on Tuesday, August 2nd. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.33). The company had revenue of $318.20 million during the quarter, compared to analyst estimates of $308.70 million. Astec Industries had a net margin of 0.03% and a return on equity of 3.72%. Astec Industries's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, analysts predict that Astec Industries will post 1.54 earnings per share for the current year. Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC bought a new stake in Astec Industries in the first quarter valued at about $249,000. Advisors Asset Management Inc. increased its stake in Astec Industries by 9.3% during the first quarter. Advisors Asset Management Inc. now owns 18,839 shares of the industrial products company's stock valued at $810,000 after purchasing an additional 1,596 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Astec Industries during the first quarter worth $336,000. Captrust Financial Advisors lifted its position in shares of Astec Industries by 31.2% in the 1st 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. Finally, State Street Corp boosted its holdings in shares of Astec Industries by 2.1% in the 1st quarter. State Street Corp now owns 790,117 shares of the industrial products company's stock valued at $33,975,000 after buying an additional 16,268 shares during the period. 94.52% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Astec Industries from a "buy" rating to a "hold" rating in a report on Friday, May 13th.Astec Industries Company Profile (Get Rating)

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. 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.Further ReadingGet a free copy of the StockNews.com research report on Astec Industries (ASTE)Home Depot, Lowe's On Track To Grow 2022 Earnings Could Smaller be Better for Investors in Norwegian Cruise Lines? Walmart Or Target: Which Is The Stronger Stock? Can Etsy Continue to Thrive After the Pandemic? MarketBeat Podcast: Investing in What You Know Has Changed

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