Arcosa, Inc. (NYSE:ACA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Arcosa, Inc. (NYSE:ACA) by 13.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,505 shares of the company’s stock after selling 8,600 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Arcosa worth $4,435,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Arcosa in the fourth quarter valued at $30,000. Flagship Wealth Advisors LLC acquired a new position in shares of Arcosa during the fourth quarter worth about $52,000. Versant Capital Management Inc increased its stake in shares of Arcosa by 81.5% during the first quarter. Versant Capital Management Inc now owns 804 shares of the company’s stock worth $62,000 after acquiring an additional 361 shares during the period. AlphaQuest LLC grew its position in Arcosa by 12,050.0% during the fourth quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after buying an additional 723 shares during the period. Finally, GAMMA Investing LLC grew its position in Arcosa by 223.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $82,000 after buying an additional 738 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares of the company’s stock, valued at $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric D. Hurst sold 835 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the completion of the sale, the vice president directly owned 4,112 shares of the company’s stock, valued at $364,199.84. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Arcosa Trading Up 0.4%

Shares of ACA opened at $90.02 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average is $86.65 and its two-hundred day moving average is $88.29. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The firm has a market capitalization of $4.39 billion, a P/E ratio of 56.62 and a beta of 0.99.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.20. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, research analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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