13,014 Shares in Arcosa, Inc. $ACA Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Arcosa, Inc. (NYSE:ACA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,014 shares of the company’s stock, valued at approximately $1,128,000.

Several other institutional investors have also recently made changes to their positions in the business. Neuberger Berman Group LLC grew its position in shares of Arcosa by 3.5% during the first quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company’s stock worth $240,884,000 after purchasing an additional 105,473 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Arcosa by 17.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company’s stock worth $153,719,000 after purchasing an additional 290,523 shares in the last quarter. Royce & Associates LP grew its position in shares of Arcosa by 1.2% during the first quarter. Royce & Associates LP now owns 1,254,088 shares of the company’s stock worth $96,715,000 after purchasing an additional 14,839 shares in the last quarter. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Arcosa during the second quarter worth about $93,040,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Arcosa by 7.4% during the first quarter. The Manufacturers Life Insurance Company now owns 609,385 shares of the company’s stock worth $46,996,000 after purchasing an additional 42,177 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity at Arcosa

In other news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares of the company’s stock, valued at $3,771,572.78. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kerry S. Cole sold 7,966 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the sale, the insider directly owned 19,769 shares of the company’s stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by company insiders.

Arcosa Price Performance

NYSE:ACA opened at $101.67 on Tuesday. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.53 and a beta of 1.01. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The business has a 50 day simple moving average of $94.68 and a 200-day simple moving average of $90.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30.

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

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 6.62%.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Arcosa in a research note on Wednesday, October 8th. DA Davidson increased their price target on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Barclays increased their price target on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.00.

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.