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.
Get Arcosa alerts: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
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Arcosa (ACA)
- Defensive Stocks For A Volatile Market
- SunPower Is Ready To Power Up Triple-Digit Earnings Gains
- Will UPS Be Next to Deliver a Warning?
- Is This the Darkest Before the Dawn for Gap Stock?
- Build A Better Tech Portfolio With Jabil Inc.
Want to see what other hedge funds are holding ACA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arcosa, Inc. (NYSE:ACA – Get Rating).
Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.