Arcosa, Inc. (NYSE:ACA) Holdings Boosted by Xponance Inc.

Xponance Inc. grew its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,073 shares of the company’s stock after buying an additional 130 shares during the period. Xponance Inc.’s holdings in Arcosa were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Arcosa during the second quarter valued at approximately $25,000. Scarborough Advisors LLC bought a new stake in shares of Arcosa during the fourth quarter valued at approximately $42,000. Innealta Capital LLC bought a new stake in shares of Arcosa during the second quarter valued at approximately $69,000. Covestor Ltd raised its holdings in shares of Arcosa by 38.8% during the first quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after buying an additional 248 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Arcosa during the first quarter valued at approximately $78,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 1.5 %

Arcosa stock opened at $93.30 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 31.95 and a beta of 0.72. Arcosa, Inc. has a 1 year low of $61.98 and a 1 year high of $96.47. The firm’s 50 day moving average price is $87.99 and its two-hundred day moving average price is $85.26.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $664.70 million for the quarter, compared to analyst estimates of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, research analysts predict that Arcosa, Inc. will post 3.39 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date is Tuesday, October 15th. Arcosa’s payout ratio is 6.85%.

Insiders Place Their Bets

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares in the company, valued at approximately $2,960,198.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the completion of the sale, the insider now owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio Carrillo bought 12,125 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $82.05 per share, with a total value of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent analyst reports. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a report on Wednesday, August 7th. Oppenheimer boosted their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.