Arcosa, Inc. (NYSE:ACA – Get Rating) CAO Mary E. Henderson sold 6,000 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $58.46, for a total transaction of $350,760.00. Following the sale, the chief accounting officer now owns 37,315 shares of the company's stock, valued at approximately $2,181,434.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Arcosa Stock Performance
Shares of ACA stock traded up $0.28 during mid-day trading on Monday, hitting $59.23. The stock had a trading volume of 180,521 shares, compared to its average volume of 210,420. Arcosa, Inc. has a fifty-two week low of $43.42 and a fifty-two week high of $65.80. The firm has a market cap of $2.86 billion, a PE ratio of 28.76 and a beta of 0.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.40. The company's 50-day simple moving average is $60.39 and its 200-day simple moving average is $56.15.
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Arcosa (NYSE:ACA – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. Arcosa had a net margin of 4.43% and a return on equity of 5.77%. The firm had revenue of $603.90 million during the quarter, compared to analysts' expectations of $580.94 million. During the same quarter last year, the business earned $0.57 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Arcosa, Inc. will post 2.14 earnings per share for the current year.
Arcosa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Thursday, January 12th. Arcosa's dividend payout ratio (DPR) is 9.76%.
Institutional Trading of Arcosa
Several hedge funds and other institutional investors have recently made changes to their positions in ACA. The Manufacturers Life Insurance Company acquired a new stake in shares of Arcosa in the first quarter valued at about $28,879,000. Capital World Investors increased its holdings 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 acquiring an additional 300,000 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Arcosa by 57.4% during the 3rd quarter. Macquarie Group Ltd. now owns 399,419 shares of the company's stock valued at $22,893,000 after acquiring an additional 145,583 shares in the last quarter. Ancora Advisors LLC increased its holdings in Arcosa by 131.2% during the 1st quarter. Ancora Advisors LLC now owns 246,059 shares of the company's stock valued at $16,016,000 after acquiring an additional 139,639 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Arcosa by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,459,593 shares of the company's stock valued at $140,639,000 after acquiring an additional 130,903 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
Analyst Ratings Changes
Separately, Stephens cut shares of Arcosa from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $75.00 to $65.00 in a research note on Monday, November 7th.
About Arcosa
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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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