Amalgamated Bank cut its position in shares of Arcosa, Inc. (NYSE:ACA – Get Rating) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,859 shares of the company's stock after selling 948 shares during the period. Amalgamated Bank's holdings in Arcosa were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Arcosa by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,228,933 shares of the company's stock valued at $299,356,000 after purchasing an additional 69,247 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Arcosa by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,133,334 shares of the company's stock valued at $122,134,000 after purchasing an additional 218,698 shares in the last quarter. State Street Corp raised its position in Arcosa by 2.8% during the 1st quarter. State Street Corp now owns 2,001,660 shares of the company's stock valued at $114,595,000 after purchasing an additional 54,431 shares in the last quarter. Royce & Associates LP raised its position in Arcosa by 5.6% during the 1st quarter. Royce & Associates LP now owns 1,898,215 shares of the company's stock valued at $108,673,000 after purchasing an additional 100,732 shares in the last quarter. Finally, Capital World Investors raised its position in Arcosa by 19.0% during the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company's stock valued at $107,714,000 after purchasing an additional 300,000 shares in the last quarter. 90.39% of the stock is owned by institutional investors.
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Arcosa Trading Up 1.2 %
Shares of NYSE:ACA opened at $54.85 on Wednesday. The business's 50-day moving average is $57.72 and its 200 day moving average is $54.18. Arcosa, Inc. has a 1 year low of $43.42 and a 1 year high of $65.80. The firm has a market capitalization of $2.65 billion, a P/E ratio of 29.18 and a beta of 0.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.09 and a quick ratio of 1.38.
Arcosa (NYSE:ACA – Get Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.37. Arcosa had a return on equity of 5.53% and a net
margin of 4.15%. The company had revenue of $602.80 million for the quarter, compared to analyst estimates of $547.00 million. During the same period in the prior year, the company posted $0.60 EPS. On average, research analysts predict that Arcosa, Inc. will post 2.31 earnings per share for the current fiscal year.
Arcosa Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, October 13th. Arcosa's dividend payout ratio is currently 10.64%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ACA. Stephens lifted their target price on Arcosa from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, August 8th. DA Davidson boosted their price target on Arcosa to $68.00 in a research report on Tuesday, August 9th. Finally, TheStreet raised Arcosa from a "c+" rating to a "b-" rating in a research report on Thursday, August 4th.
Insider Activity at Arcosa
In related news, Director Ronald J. Gafford sold 2,017 shares of the company's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $65.16, for a total transaction of $131,427.72. Following the transaction, the director now directly owns 25,459 shares of the company's stock, valued at approximately $1,658,908.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is currently owned by corporate insiders.
Arcosa Company Profile
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Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.
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