Arcosa, Inc. $ACA Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in Arcosa, Inc. (NYSE:ACA) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,171 shares of the company’s stock after selling 886 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Arcosa were worth $275,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACA. Banque Cantonale Vaudoise purchased a new stake in shares of Arcosa during the first quarter worth $28,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Arcosa during the second quarter worth $40,000. Blue Trust Inc. grew its holdings in shares of Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Arcosa by 56.7% during the first quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock worth $88,000 after buying an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 10.6%

Shares of ACA opened at $102.04 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The firm has a 50-day moving average price of $94.62 and a 200 day moving average price of $90.12. The firm has a market capitalization of $5.00 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.53 and a beta of 1.01.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The firm had revenue of $515.10 million during the quarter. Sell-side analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa’s dividend payout ratio is presently 10.64%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arcosa in a report on Wednesday, October 8th. Zacks Research lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, DA Davidson upped their target price on shares of Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Insider Activity

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the transaction, the insider owned 38,089 shares of the company’s stock, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the transaction, the insider directly owned 19,769 shares of the company’s stock, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

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.