Mutual of America Capital Management LLC Has $7.27 Million Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Mutual of America Capital Management LLC lowered its position in shares of Arcosa, Inc. (NYSE:ACA) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,155 shares of the company’s stock after selling 13,148 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arcosa were worth $7,270,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ACA. Arizona State Retirement System boosted its holdings in Arcosa by 1.5% during the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after purchasing an additional 195 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Arcosa by 22.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock worth $89,000 after buying an additional 200 shares during the last quarter. Covestor Ltd grew its holdings in shares of Arcosa by 38.8% in the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after acquiring an additional 248 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Arcosa by 2.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,946 shares of the company’s stock valued at $1,080,000 after acquiring an additional 263 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Arcosa by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the company’s stock worth $2,035,000 after acquiring an additional 300 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Antonio Carrillo purchased 12,125 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $82.05 per share, with a total value of $994,856.25. Following the acquisition, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Bryan Stevenson sold 4,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares in the company, valued at $2,960,198.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio Carrillo acquired 12,125 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price 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. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Oppenheimer raised their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Stephens upgraded shares of 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.

Arcosa Price Performance

Shares of NYSE ACA opened at $95.31 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $87.33 and its two-hundred day moving average price is $84.74. The company has a market cap of $4.63 billion, a PE ratio of 32.64 and a beta of 0.72. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $95.50.

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

Arcosa Dividend Announcement

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

Arcosa Company Profile

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.