Victory Capital Management Inc. Cuts Position in Arcosa, Inc. (NYSE:ACA)

Victory Capital Management Inc. decreased its holdings in Arcosa, Inc. (NYSE:ACAGet Rating) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 557,286 shares of the company’s stock after selling 63,638 shares during the period. Victory Capital Management Inc. owned approximately 1.15% of Arcosa worth $31,866,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ACA. The Manufacturers Life Insurance Company purchased a new position in Arcosa in the first quarter valued at approximately $28,879,000. Capital World Investors raised its stake in shares of Arcosa by 19.0% during the first quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock valued at $107,714,000 after purchasing an additional 300,000 shares during the period. Ancora Advisors LLC raised its stake in shares of Arcosa by 131.2% during the first quarter. Ancora Advisors LLC now owns 246,059 shares of the company’s stock valued at $16,016,000 after purchasing an additional 139,639 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Arcosa by 7.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,128,796 shares of the company’s stock valued at $52,410,000 after purchasing an additional 79,024 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Arcosa by 304.8% during the second quarter. Cubist Systematic Strategies LLC now owns 99,071 shares of the company’s stock valued at $4,600,000 after purchasing an additional 74,594 shares during the period. Hedge funds and other institutional investors own 88.88% of the company’s stock.

Arcosa Stock Down 0.3 %

ACA stock opened at $54.89 on Monday. Arcosa, Inc. has a twelve month low of $43.42 and a twelve month high of $65.80. The company has a current ratio of 2.18, a quick ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.65 billion, a P/E ratio of 26.78 and a beta of 0.54. The firm has a 50 day simple moving average of $57.33 and a 200-day simple moving average of $57.43.

Arcosa (NYSE:ACAGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Arcosa had a net margin of 4.43% and a return on equity of 5.77%. The business had revenue of $603.90 million during the quarter, compared to the consensus estimate of $580.94 million. During the same quarter last year, the company earned $0.57 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Arcosa, Inc. will post 2.14 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, January 12th. Arcosa’s payout ratio is currently 9.76%.

Analyst Ratings Changes

Separately, Stephens lowered shares of Arcosa from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $75.00 to $65.00 in a research note on Monday, November 7th.

Insider Transactions at Arcosa

In other news, CAO Mary E. Henderson sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $58.46, for a total transaction of $350,760.00. Following the completion of the sale, the chief accounting officer now owns 37,315 shares of the company’s stock, valued at $2,181,434.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arcosa news, CFO Gail M. Peck sold 8,500 shares of Arcosa stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $58.73, for a total value of $499,205.00. Following the completion of the transaction, the chief financial officer now owns 32,575 shares of the company’s stock, valued at $1,913,129.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mary E. Henderson sold 6,000 shares of Arcosa stock in a transaction on Monday, December 12th. The stock was sold at an average price of $58.46, for a total transaction of $350,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 37,315 shares of the company’s stock, valued at approximately $2,181,434.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,488 shares of company stock valued at $1,139,069. 0.76% of the stock is currently owned by corporate insiders.

About Arcosa

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Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.

Further Reading

Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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