Arcosa, Inc. (NYSE:ACA) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 60.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 68,524 shares of the company’s stock after purchasing an additional 25,689 shares during the period. Citigroup Inc.’s holdings in Arcosa were worth $6,493,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Arcosa during the 2nd quarter worth $25,000. Innealta Capital LLC purchased a new stake in shares of Arcosa during the second quarter worth about $69,000. KBC Group NV lifted its stake in shares of Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after acquiring an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Arcosa in the third quarter valued at about $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in Arcosa during the 3rd quarter valued at approximately $215,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity at Arcosa

In other news, Director Steven J. Demetriou bought 6,000 shares of Arcosa stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the purchase, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This trade represents a 152.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Arcosa Stock Performance

ACA stock opened at $108.64 on Friday. The stock’s 50 day simple moving average is $98.41 and its 200 day simple moving average is $90.41. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The firm has a market cap of $5.30 billion, a P/E ratio of 41.31 and a beta of 0.71. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. As a group, equities research analysts predict that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Dividend Announcement

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

About Arcosa

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.