Goldman Sachs Group Inc. Sells 237,256 Shares of Arcosa, Inc. (NYSE:ACA)

Goldman Sachs Group Inc. lowered its stake in Arcosa, Inc. (NYSE:ACA) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,433 shares of the company’s stock after selling 237,256 shares during the period. Goldman Sachs Group Inc. owned approximately 1.43% of Arcosa worth $57,388,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in Arcosa during the fourth quarter worth $42,000. Orchard Capital Management LLC lifted its holdings in shares of Arcosa by 4.7% in the 4th quarter. Orchard Capital Management LLC now owns 116,953 shares of the company’s stock worth $9,665,000 after acquiring an additional 5,254 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Arcosa by 9.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 22,319 shares of the company’s stock worth $1,844,000 after purchasing an additional 1,877 shares during the period. First Trust Advisors LP grew its holdings in Arcosa by 17.7% during the 4th quarter. First Trust Advisors LP now owns 374,782 shares of the company’s stock valued at $30,972,000 after purchasing an additional 56,451 shares during the last quarter. Finally, Crestline Management LP raised its position in Arcosa by 7.9% in the 4th quarter. Crestline Management LP now owns 219,801 shares of the company’s stock worth $18,164,000 after purchasing an additional 16,018 shares during the period. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ACA shares. DA Davidson boosted their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Oppenheimer boosted their price objective on Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Activity

In related news, insider Kerry S. Cole sold 10,978 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Arcosa Price Performance

Arcosa stock opened at $84.49 on Wednesday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 28.94 and a beta of 0.77. The firm has a 50-day moving average of $83.39 and a two-hundred day moving average of $82.08. Arcosa, Inc. has a 1 year low of $61.98 and a 1 year high of $89.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.21. The firm had revenue of $598.60 million during the quarter, compared to analyst estimates of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. Arcosa’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 earnings per share. On average, research analysts forecast that Arcosa, Inc. will post 3.58 earnings per share for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Arcosa’s dividend payout ratio is currently 6.85%.

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.