SCHEDULE: Gabelli Group Amends Astec Industries Stake, Reports Sales
Schedule 13D Amendment
The Gabelli investment group has filed an Amendment No. 10 to its Schedule 13D for Astec Industries Inc., disclosing a 7.74% beneficial ownership and recent sales of shares.
Summary
- The Gabelli investment group, comprising multiple entities including GAMCO Investors, Inc., Gabelli Funds, LLC, and GAMCO Asset Management Inc., collectively beneficially owns 1,771,629 shares of Astec Industries Inc. common stock.
- This aggregate ownership represents 7.74% of the 22,875,841 shares outstanding as reported by Astec Industries Inc. in its most recently filed Form 10-Q for the quarterly period ended September 30, 2025.
- The filing is an Amendment No. 10 to their Schedule 13D, indicating an update to their previously reported beneficial ownership.
- The reporting persons state they file the long form Schedule 13D to ensure compliance with reporting obligations, particularly due to regular communication with the Issuer's management.
- Recent transactions include sales of shares by Gabelli Foundation, Inc., Gabelli Funds, LLC, GAMCO Asset Management Inc., and Teton Advisors, Inc. between November 2025 and January 2026, totaling 25,471 shares.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the consistent selling of shares by a significant institutional investor group, even though the overall stake remains substantial. The filing itself is a routine compliance update, but the underlying transactions indicate a reduction in exposure.
Positives
- NA
Negatives
- The reporting persons, a significant institutional investor group, have engaged in a series of sales of Astec Industries Inc. common stock between November 2025 and January 2026.
- Total reported sales across the group amount to 25,471 shares, which could be interpreted as a reduction in conviction or a rebalancing of portfolios.
Risks
- NA
Future Outlook
The reporting persons indicate that they may regularly communicate with Astec Industries Inc.'s management, suggesting an ongoing engagement with the company.
Industry Context
NA
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional investor group reducing its stake may influence other investors' perceptions and potentially the stock price.
- Management: The reporting persons' stated intent to regularly communicate with management suggests ongoing engagement and potential influence on corporate strategy.
Next Steps
- The reporting persons will continue to monitor their investment in Astec Industries Inc.
- The reporting persons may continue to communicate with Astec Industries Inc.'s management regarding their investment.
Key Dates
| Date | Description |
|---|---|
| 2025-09-30 | End of quarterly period for Astec Industries Inc.'s most recently filed Form 10-Q, reporting 22,875,841 shares outstanding. |
| 2025-11-10 | Earliest reported share sale by Teton Advisors, Inc. at $45.9144. |
| 2025-11-11 | Share sale by Teton Advisors, Inc. at $45.4800. |
| 2025-11-13 | Share sale by Teton Advisors, Inc. at $44.0045. |
| 2025-11-14 | Share sale by GAMCO Asset Management Inc. at $43.3813. |
| 2025-11-17 | Share sale by Teton Advisors, Inc. at $43.6600. |
| 2025-12-02 | Share sale by Teton Advisors, Inc. at $43.8545. |
| 2025-12-03 | Share sale by Teton Advisors, Inc. at $44.8475. |
| 2025-12-04 | Share sale by GAMCO Asset Management Inc. at $46.0000. |
| 2025-12-05 | Share sale by Teton Advisors, Inc. at $46.2800. |
| 2025-12-08 | Share sale by Gabelli Foundation, Inc. at $45.6200 and by Teton Advisors, Inc. at $46.0200. |
| 2025-12-15 | Share sale by GAMCO Asset Management Inc. at $46.8300 and by Teton Advisors, Inc. at $46.9058. |
| 2025-12-17 | Share sale by Teton Advisors, Inc. at $46.4101. |
| 2025-12-18 | Share sales by GAMCO Asset Management Inc. at $46.7400 and $46.8200. |
| 2025-12-19 | Share sale by GAMCO Asset Management Inc. at $46.0288. |
| 2025-12-22 | Share sales by GAMCO Asset Management Inc. at $45.5366 and by Teton Advisors, Inc. at $45.4667. |
| 2025-12-23 | Share sale by GAMCO Asset Management Inc. at $45.4000. |
| 2025-12-26 | Share sale by Teton Advisors, Inc. at $45.8325. |
| 2025-12-29 | Share sale by Teton Advisors, Inc. at $45.5000. |
| 2025-12-30 | Share sale by Teton Advisors, Inc. at $45.0000. |
| 2026-01-02 | Share sales by GAMCO Asset Management Inc. at $44.6001 and by Teton Advisors, Inc. at $43.8700. |
| 2026-01-05 | Share sale by Teton Advisors, Inc. at $46.2210. |
| 2026-01-07 | Latest reported share sale by Gabelli Funds, LLC at $46.2616, which is the date of the event requiring this filing. |
| 2026-01-08 | Date of filing of this Schedule 13D Amendment No. 10. |
Keywords
ASTEC INDUSTRIES INC, Schedule 13D, Beneficial Ownership, GAMCO, Gabelli Funds, Investment Management, Shareholder Disclosure, Common Stock
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