Intech Investment Management LLC Makes New $410,000 Investment in Arcosa, Inc. (NYSE:ACA)

Intech Investment Management LLC purchased a new position in Arcosa, Inc. (NYSE:ACA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,913 shares of the company’s stock, valued at approximately $410,000.

Several other large investors also recently made changes to their positions in the stock. First Eagle Investment Management LLC raised its stake in shares of Arcosa by 8.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 136,552 shares of the company’s stock valued at $11,390,000 after acquiring an additional 10,500 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Arcosa by 19.7% during the second quarter. Hsbc Holdings PLC now owns 18,579 shares of the company’s stock valued at $1,550,000 after purchasing an additional 3,052 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Arcosa in the second quarter valued at approximately $1,902,000. Greenwich Wealth Management LLC acquired a new stake in shares of Arcosa in the second quarter worth $967,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Arcosa by 47.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,166 shares of the company’s stock worth $598,000 after buying an additional 2,312 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 0.5 %

ACA stock opened at $94.50 on Friday. The business has a fifty day moving average price of $87.89 and a 200 day moving average price of $85.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. Arcosa, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $96.47. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 32.36 and a beta of 0.72.

Arcosa (NYSE:ACA) last released 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 company had revenue of $664.70 million during the quarter, compared to the consensus estimate of $661.54 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that Arcosa, Inc. will post 3.39 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced 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 dividend yield of 0.21%. The ex-dividend date of this dividend is Tuesday, October 15th. Arcosa’s payout ratio is 6.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ACA shares. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target for the company in a report on Wednesday, August 7th. Oppenheimer lifted their price target on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Insider Activity at Arcosa

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

Arcosa 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.