BNP Paribas Financial Markets Reduces Stock Position in Arcosa, Inc. (NYSE:ACA)

BNP Paribas Financial Markets cut its stake in Arcosa, Inc. (NYSE:ACA) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,655 shares of the company’s stock after selling 3,279 shares during the quarter. BNP Paribas Financial Markets’ holdings in Arcosa were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ACA. Arizona State Retirement System grew its position in Arcosa by 1.2% in the 4th quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock worth $1,370,000 after purchasing an additional 170 shares during the period. Blue Trust Inc. boosted its stake in shares of Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after buying an additional 175 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Arcosa by 4.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company’s stock worth $491,000 after acquiring an additional 235 shares during the period. HighTower Advisors LLC increased its position in Arcosa by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 72,916 shares of the company’s stock valued at $7,054,000 after acquiring an additional 284 shares during the last quarter. Finally, Xponance Inc. increased its position in Arcosa by 10.0% during the fourth quarter. Xponance Inc. now owns 3,505 shares of the company’s stock valued at $339,000 after acquiring an additional 319 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Eric D. Hurst sold 835 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the completion of the sale, the vice president now directly owns 4,112 shares of the company’s stock, valued at approximately $364,199.84. This represents a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Arcosa Trading Down 0.7%

Shares of NYSE:ACA opened at $84.63 on Friday. The stock’s 50-day simple moving average is $80.76 and its two-hundred day simple moving average is $92.54. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 32.18 and a beta of 1.00. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.20. The firm had revenue of $632.00 million for the quarter, compared to analysts’ expectations of $613.95 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th 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 0.24%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa’s payout ratio is 12.58%.

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.