HighTower Advisors LLC Purchases 65,841 Shares of Arcosa, Inc. (NYSE:ACA)

HighTower Advisors LLC increased its position in shares of Arcosa, Inc. (NYSE:ACA) by 969.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,632 shares of the company’s stock after purchasing an additional 65,841 shares during the period. HighTower Advisors LLC owned 0.15% of Arcosa worth $6,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACA. Stonegate Investment Group LLC lifted its holdings in shares of Arcosa by 3.6% in the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock worth $293,000 after buying an additional 108 shares in the last quarter. Xponance Inc. increased its holdings in Arcosa by 4.4% in the 2nd 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 last quarter. Sei Investments Co. lifted its stake in Arcosa by 1.1% in the 2nd quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $1,126,000 after purchasing an additional 146 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Arcosa by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock valued at $1,134,000 after purchasing an additional 195 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Arcosa by 5.5% during the second 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 in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity at Arcosa

In related news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of $87.70 per share, for a total transaction 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. The trade was a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of research reports. Barclays assumed coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target for the company. Oppenheimer lifted their price objective on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th.

Arcosa Trading Down 1.1 %

Shares of NYSE ACA opened at $107.20 on Tuesday. The business’s 50 day moving average is $100.11 and its two-hundred day moving average is $91.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The stock has a market capitalization of $5.23 billion, a P/E ratio of 40.76 and a beta of 0.74.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million for the quarter, compared to the consensus estimate of $682.52 million. During the same quarter in the previous year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts expect that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.19%. Arcosa’s payout ratio is 7.60%.

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.