Astec Industries Inc (ASTE) Files Form 4 Insider Selling : Richard A Patek Sells 1,769 Shares

Astec Industries Inc (ASTE): Richard A Patek , Group Pres Aggregate & Mining of Astec Industries Inc sold 1,769 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $53.07 per share for a total value of $93,880.83 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Richard A Patek (Group Pres Aggregate & Mining) sold 1,900 shares at $53.06 per share price.On May 19, 2016, Robin A Leffew (Corporate Controller) sold 404 shares at $52.00 per share price.Also, On May 16, 2016, Jeffrey L May (President-KPI) sold 800 shares at $50.09 per share price.On May 11, 2016, Malcolm L Swanson (President-Astec, Inc.) sold 2,987 shares at $49.33 per share price.

Shares of Astec Industries (ASTE) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.68 points or -1.26% at $53.12 with 1,38,309 shares getting traded. Post opening the session at $53.89, the shares hit an intraday low of $52.99 and an intraday high of $54.2 and the price vacillated in this range throughout the day. The company has a market cap of $1,224 M and the number of outstanding shares has been calculated to be 2,30,41,341 shares. The 52-week high of Astec Industries is $53.87 and the 52-week low is $30.76.

Astec Industries Money Flow Index Chart

Company has been under the radar of several Street Analysts.Astec Industries is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $50 .The Rating was issued on May 17, 2016.Astec Industries is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $48 .The Rating was issued on May 16, 2016.

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 Company’s business segments are Infrastructure Group Aggregate and Mining Group and Energy Group.

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