Atlantic Union Bankshares Corp Sells 133 Shares of Arcosa, Inc. (NYSE:ACA)

Atlantic Union Bankshares Corp decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,323 shares of the company’s stock after selling 133 shares during the period. Atlantic Union Bankshares Corp’s holdings in Arcosa were worth $800,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ACA. Mariner LLC increased its holdings in shares of Arcosa by 2.5% in the third quarter. Mariner LLC now owns 7,090 shares of the company’s stock valued at $510,000 after purchasing an additional 176 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Arcosa by 22.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock valued at $89,000 after buying an additional 200 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Arcosa by 2.1% in the 4th quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock valued at $1,635,000 after buying an additional 399 shares during the period. Criterion Capital Advisors LLC bought a new stake in shares of Arcosa during the fourth quarter worth $33,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Arcosa during the fourth quarter worth $33,000. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their price target on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Arcosa Price Performance

ACA opened at $83.41 on Friday. The company has a fifty day moving average price of $84.10 and a two-hundred day moving average price of $82.37. The firm has a market capitalization of $4.05 billion, a PE ratio of 28.57 and a beta of 0.77. Arcosa, Inc. has a 52 week low of $61.98 and a 52 week high of $89.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.28.

Arcosa (NYSE:ACA) last issued its earnings results on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.21. The firm had revenue of $598.60 million for the quarter, compared to analysts’ expectations of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 earnings per share. As a group, analysts anticipate that Arcosa, Inc. will post 3.58 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.24%. Arcosa’s dividend payout ratio is presently 6.85%.

Insider Buying and Selling at Arcosa

In other news, insider Kerry S. Cole sold 10,978 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $88.71, for a total transaction of $973,858.38. Following the sale, the insider now owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

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.