7,131 Shares in Arcosa, Inc. (NYSE:ACA) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,131 shares of the company’s stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACA. Vanguard Group Inc. grew its holdings in shares of Arcosa by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock valued at $548,143,000 after acquiring an additional 14,207 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Arcosa by 21.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock worth $291,831,000 after acquiring an additional 536,349 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Arcosa by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company’s stock valued at $164,721,000 after purchasing an additional 60,818 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in Arcosa by 4.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company’s stock valued at $107,172,000 after purchasing an additional 42,842 shares during the last quarter. Finally, Capital International Investors grew its stake in Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company’s stock valued at $85,959,000 after purchasing an additional 265,056 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Up 0.1%

NYSE:ACA opened at $87.68 on Thursday. 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 $4.28 billion, a price-to-earnings ratio of 55.15 and a beta of 0.99. The company has a quick ratio of 1.27, a current ratio of 1.98 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $87.82 and its two-hundred day moving average price is $87.90.

Arcosa (NYSE:ACA) last issued its earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.20. The business 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 firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 earnings per share. Equities research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa’s dividend payout ratio (DPR) is currently 12.58%.

Insider Transactions at Arcosa

In other Arcosa news, insider Jesse E. Jr. Collins sold 8,616 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following the transaction, the insider owned 12,551 shares of the company’s stock, valued at $1,084,406.40. The trade was a 40.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric D. Hurst sold 835 shares of the firm’s 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 directly owned 4,112 shares of the company’s stock, valued at approximately $364,199.84. The trade was a 16.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.