Harvey Partners LLC Increases Stake in Astec Industries

Institutional investor boosts holding in industrial products company by 48.3% in Q3

Mar. 16, 2026 at 11:21am

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Harvey Partners LLC, an institutional investor, increased its stake in Astec Industries, Inc. (NASDAQ:ASTE) by 48.3% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 501,000 shares of the industrial products company, making it the 22nd largest holding in its investment portfolio.

Why it matters

Astec Industries is a major manufacturer of specialized equipment for infrastructure-related markets like asphalt road-building, aggregate processing, and underground mining. The increase in Harvey Partners' stake suggests the firm sees growth potential in Astec's business and the broader infrastructure sector.

The details

According to the 13F filing, Harvey Partners LLC purchased an additional 163,155 shares of Astec Industries during the third quarter, bringing its total position to 501,000 shares. This represents approximately 2.19% of Astec's outstanding stock and is valued at $24.11 million based on the company's current share price.

  • Harvey Partners LLC filed the 13F report disclosing the increased stake in Astec Industries on March 16, 2026.

The players

Harvey Partners LLC

An institutional investment firm that has increased its stake in Astec Industries, Inc. to become the company's 22nd largest shareholder.

Astec Industries, Inc.

A designer and manufacturer of specialized equipment for infrastructure-related markets such as asphalt road-building, aggregate processing, and underground mining.

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The takeaway

The increase in Harvey Partners' position in Astec Industries suggests the investment firm sees strong growth potential in the industrial products company and the broader infrastructure sector it serves. This could signal positive momentum for Astec as it continues to provide critical equipment for infrastructure projects.