Short Interest Summary: Is Buying Astec Industries Incorporated (NASDAQ:ASTE) Here Good Idea?

November 24, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Summary: Is Buying Astec Industries Incorporated (NASDAQ:ASTE) Here Good Idea?

The stock of Astec Industries Incorporated (NASDAQ:ASTE) registered an increase of 0.11% in short interest. ASTE’s total short interest was 375,100 shares in November as published by FINRA. Its up 0.11% from 374,700 shares, reported previously. With 115,900 shares average volume, it will take short sellers 3 days to cover their ASTE’s short positions. The short interest to Astec Industries Incorporated’s float is 1.96%. The stock increased 2.60% or $1.67 on November 23, hitting $65.85. About 271,047 shares traded hands or 66.52% up from the average. Astec Industries, Inc. (NASDAQ:ASTE) has risen 39.81% since April 22, 2016 and is uptrending. It has outperformed by 34.40% the S&P500.

Astec Industries, Inc. designs, engineers, makes and markets equipment and components used primarily in road building and related construction activities. The company has a market cap of $1.53 billion. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. It has a 32.86 P/E ratio. The Firm also makes 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.

Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q2. Its down 0.35, from 1.67 in 2016Q1. The ratio dropped, as 11 funds sold all Astec Industries, Inc. shares owned while 37 reduced positions. 28 funds bought stakes while 52 increased positions. They now own 17.27 million shares or 6.53% less from 18.48 million shares in 2016Q1.
Employees Retirement Systems Of Texas holds 44,500 shares or 0.03% of its portfolio. Driehaus Cap Ltd last reported 90,661 shares in the company. Prudential Financial Inc holds 0% or 48,605 shares in its portfolio. Chicago Equity Prns Llc holds 46,910 shares or 0.08% of its portfolio. Springbok Mngmt Ltd last reported 0.08% of its portfolio in the stock. The Wisconsin-based Broadview Ltd Liability Company has invested 3.7% in Astec Industries, Inc. (NASDAQ:ASTE). Moreover, Columbus Circle has 0.09% invested in Astec Industries, Inc. (NASDAQ:ASTE) for 161,087 shares. The United Kingdom-based Barclays Public Ltd Llc has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). Summit Secs Group Lc holds 5,452 shares or 0.16% of its portfolio. Cupps Mgmt Limited Liability accumulated 0.6% or 41,150 shares. Loomis Sayles And L P last reported 0.05% of its portfolio in the stock. Natl Ser Wi, a Wisconsin-based fund reported 5,201 shares. Manufacturers Life Ins Communication The has 13,175 shares for 0% of their US portfolio. Comerica Comml Bank has 18,867 shares for 0.01% of their US portfolio. Ftb Advsrs holds 400 shares or 0% of its portfolio.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 6 insider sales for $1.18 million net activity. $119,677 worth of shares were sold by Claude Steven L on Friday, July 29. 3,221 shares were sold by Irvine John J. III, worth $207,773. On Friday, August 5 the insider Silvious David C sold $64,538. $64,831 worth of Astec Industries, Inc. (NASDAQ:ASTE) was sold by ANDERSON STEPHEN C. SMITH W NORMAN sold 10,000 shares worth $602,180. On Wednesday, May 25 PATEK RICHARD A sold $93,881 worth of the stock or 1,769 shares. The insider Kruger Tommie sold $123,235.

Astec Industries, Inc. (NASDAQ:ASTE) Ratings Coverage

Out of 6 analysts covering Astec Industries (NASDAQ:ASTE), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Astec Industries has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 6 the stock rating was downgraded by Seaport Global to “Neutral”. The firm earned “Buy” rating on Tuesday, October 20 by Maxim Group. Robert W. Baird downgraded the stock to “Underweight” rating in Tuesday, July 19 report. The firm has “Buy” rating by Maxim Group given on Monday, May 16. The firm has “Accumulate” rating by Global Hunter Securities given on Monday, September 28. Stifel Nicolaus upgraded Astec Industries, Inc. (NASDAQ:ASTE) rating on Monday, August 31. Stifel Nicolaus has “Buy” rating and $50 price target.

ASTE Company Profile

Astec Industries, Inc., incorporated on August 9, 1972, designs, engineers, makes and markets equipment and components used primarily in road building and related construction activities. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The Firm also makes 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. The Firm also makes a line of multiple use plants for cement treated base, roller compacted concrete and ready-mix concrete. The Company’s business divisions are Infrastructure Group, Aggregate and Mining Group and Energy Group.

More notable recent Astec Industries, Inc. (NASDAQ:ASTE) news were published by: Marketwatch.com which released: “Astec Industries downgraded neutral from outperform at RW Baird” on December 22, 2009, also Globenewswire.com with their article: “Astec Industries, Inc. to Acquire Power Flame” published on July 07, 2016, Nasdaq.com published: “Astec Industries, Inc. (ASTE) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016. More interesting news about Astec Industries, Inc. (NASDAQ:ASTE) were released by: Quotes.Wsj.com and their article: “News Astec Industries Inc.ASTE” published on February 12, 2011 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Yadkin Financial, International Business Machines and …” with publication date: November 04, 2016.

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By Nellie Frank


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