Rhumbline Advisers Cuts Stock Position in Arcosa, Inc. (NYSE:ACA)

Rhumbline Advisers lessened its position in Arcosa, Inc. (NYSE:ACA) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,525 shares of the company’s stock after selling 5,078 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Arcosa worth $11,454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Arcosa during the fourth quarter worth about $73,178,000. Neuberger Berman Group LLC increased its stake in Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock worth $291,831,000 after buying an additional 536,349 shares during the period. Capital International Investors increased its stake in Arcosa by 42.5% during the 4th quarter. Capital International Investors now owns 888,559 shares of the company’s stock worth $85,959,000 after buying an additional 265,056 shares during the period. Oberweis Asset Management Inc. purchased a new stake in Arcosa during the 4th quarter worth approximately $19,638,000. Finally, Bank of America Corp DE increased its position in shares of Arcosa by 197.7% during the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company’s stock worth $27,287,000 after acquiring an additional 187,306 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at Arcosa

In other Arcosa 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 transaction, the vice president now directly owns 4,112 shares in the company, valued at $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Arcosa Stock Up 0.5%

Arcosa stock opened at $89.97 on Tuesday. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The stock’s fifty day simple moving average is $82.37 and its 200-day simple moving average is $90.92. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.39 billion, a P/E ratio of 34.21 and a beta of 1.01.

Arcosa (NYSE:ACA) last issued its quarterly earnings results 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. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $613.95 million. During the same quarter in the prior year, the business earned $0.73 EPS. Arcosa’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa’s dividend payout ratio is presently 12.58%.

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.