Principal Financial Group Inc. Has $21.79 Million Holdings in Arcosa, Inc. (NYSE:ACA)

Principal Financial Group Inc. trimmed its stake in shares of Arcosa, Inc. (NYSE:ACA) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,966 shares of the company’s stock after selling 27,472 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Arcosa worth $21,792,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ACA. The Manufacturers Life Insurance Company raised its position in Arcosa by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after purchasing an additional 6,673 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Arcosa by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after acquiring an additional 9,602 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Arcosa by 6.9% during the first quarter. Russell Investments Group Ltd. now owns 294,928 shares of the company’s stock worth $25,323,000 after acquiring an additional 18,967 shares during the last quarter. Boston Partners lifted its stake in shares of Arcosa by 272.6% during 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 during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after acquiring an additional 117,892 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arcosa

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the transaction, the director now owns 9,943 shares of the company’s stock, valued at $872,001.10. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the sale, the insider now owns 35,333 shares of the company’s stock, valued at $2,960,198.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven J. Demetriou acquired 6,000 shares of Arcosa stock in a transaction dated Thursday, September 12th. The shares were purchased 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. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ACA has been the subject of several recent research reports. Barclays started coverage on Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price for the company in a research report on Wednesday, August 7th. Finally, Oppenheimer raised 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.

Arcosa Stock Down 0.4 %

Shares of NYSE ACA opened at $103.18 on Thursday. Arcosa, Inc. has a 52-week low of $71.89 and a 52-week high of $107.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The stock has a market cap of $5.03 billion, a P/E ratio of 39.23 and a beta of 0.71. The firm has a 50 day moving average price of $93.89 and a 200 day moving average price of $88.51.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The company had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. Analysts expect that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 7.60%.

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.