Arcosa, Inc. (NYSE:ACA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Arcosa, Inc. (NYSE:ACA) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,685 shares of the company’s stock after selling 393 shares during the quarter. Victory Capital Management Inc.’s holdings in Arcosa were worth $1,486,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Stonegate Investment Group LLC grew its holdings in shares of Arcosa by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock worth $293,000 after purchasing an additional 108 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Arcosa by 4.4% in the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after acquiring an additional 130 shares during the period. Sei Investments Co. grew its position in shares of Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $1,126,000 after acquiring an additional 146 shares during the last quarter. Arizona State Retirement System grew its position in shares of Arcosa by 1.5% during the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after acquiring an additional 195 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in Arcosa by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock valued at $371,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of ACA stock opened at $111.57 on Tuesday. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $96.78 and a 200-day simple moving average of $89.71. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 42.42 and a beta of 0.71. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. During the same quarter last year, the company earned $0.73 earnings per share. Arcosa’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.05 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Insider Activity

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the acquisition, the director now owns 9,943 shares of the company’s stock, valued at $872,001.10. The trade was a 152.17 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price for the company. Oppenheimer increased their price objective on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a report on Wednesday, August 7th.

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.