Arcosa, Inc. (NYSE:ACA) Insider Kerry S. Cole Sells 10,978 Shares

Arcosa, Inc. (NYSE:ACA) insider Kerry S. Cole sold 10,978 shares of Arcosa stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the transaction, the insider now owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arcosa Stock Performance

Shares of NYSE ACA traded down $2.42 during midday trading on Thursday, hitting $86.82. 163,444 shares of the company’s stock were exchanged, compared to its average volume of 225,046. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36. The stock’s 50 day moving average price is $82.44 and its 200-day moving average price is $79.60. The firm has a market cap of $4.22 billion, a P/E ratio of 30.55 and a beta of 0.69. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $89.44.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.21. The business had revenue of $598.60 million during the quarter, compared to the consensus estimate of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities research analysts anticipate that Arcosa, Inc. will post 3.43 EPS for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa’s payout ratio is 6.85%.

Institutional Investors Weigh In On Arcosa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Arcosa by 0.5% during the third quarter. Raymond James & Associates now owns 31,555 shares of the company’s stock worth $2,269,000 after purchasing an additional 157 shares in the last quarter. Mariner LLC raised its holdings in Arcosa by 2.5% during the third quarter. Mariner LLC now owns 7,090 shares of the company’s stock worth $510,000 after purchasing an additional 176 shares in the last quarter. Arizona State Retirement System raised its holdings in Arcosa by 1.4% during the third quarter. Arizona State Retirement System now owns 13,791 shares of the company’s stock worth $992,000 after purchasing an additional 186 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Arcosa by 22.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock worth $89,000 after purchasing an additional 200 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Arcosa by 3.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,273 shares of the company’s stock worth $451,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Oppenheimer lifted their target price on Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. DA Davidson lifted their target price on Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

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.