First Eagle Investment Management LLC Buys 10,500 Shares of Arcosa, Inc. (NYSE:ACA)

First Eagle Investment Management LLC boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,552 shares of the company’s stock after purchasing an additional 10,500 shares during the quarter. First Eagle Investment Management LLC owned about 0.28% of Arcosa worth $11,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Arcosa in the 4th quarter valued at about $45,468,000. Boston Partners boosted its stake in Arcosa by 272.6% in the first quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after acquiring an additional 161,662 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Arcosa in the first quarter worth $5,242,000. Harbor Capital Advisors Inc. increased its position in shares of Arcosa by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 77,466 shares of the company’s stock worth $6,461,000 after purchasing an additional 56,720 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Arcosa by 17.7% during the 4th quarter. First Trust Advisors LP now owns 374,782 shares of the company’s stock valued at $30,972,000 after purchasing an additional 56,451 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th. Oppenheimer increased their price objective on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

Insider Activity at Arcosa

In other news, CEO Antonio Carrillo acquired 12,125 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were 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 of the company’s stock, valued at $33,334,863.75. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Antonio Carrillo purchased 12,125 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the transaction, the chief executive officer now owns 406,275 shares in the company, valued at $33,334,863.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Demetriou acquired 6,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The disclosure for this purchase can be found here. 1.30% of the stock is owned by company insiders.

Arcosa Trading Up 4.4 %

Arcosa stock opened at $95.31 on Friday. The stock has a 50-day moving average price of $87.33 and a 200 day moving average price of $84.74. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 32.64 and a beta of 0.72. Arcosa, Inc. has a 52 week low of $61.98 and a 52 week high of $95.50. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29.

Arcosa (NYSE:ACA) last issued its 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. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The firm had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $661.54 million. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate 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. Investors of record on Tuesday, October 15th will be issued 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 dividend payout ratio (DPR) is 6.85%.

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.