Vanguard Group Inc. Buys 32,164 Shares of Arcosa, Inc. (NYSE:ACA)

Vanguard Group Inc. lifted its stake in Arcosa, Inc. (NYSE:ACA) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,549,618 shares of the company’s stock after buying an additional 32,164 shares during the quarter. Vanguard Group Inc. owned about 11.43% of Arcosa worth $458,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ACA. Criterion Capital Advisors LLC bought a new stake in Arcosa during the 4th quarter valued at approximately $33,000. ICA Group Wealth Management LLC bought a new stake in Arcosa during the 4th quarter valued at approximately $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in Arcosa during the 4th quarter valued at approximately $36,000. Scarborough Advisors LLC bought a new stake in Arcosa during the 4th quarter valued at approximately $42,000. Finally, Quadrant Capital Group LLC raised its stake in Arcosa by 22.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock valued at $89,000 after purchasing an additional 200 shares during the period. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at Arcosa

In other news, insider Kerry S. Cole sold 10,978 shares of Arcosa stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 in the company, valued at approximately $1,643,530.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Arcosa Stock Performance

NYSE ACA opened at $82.67 on Thursday. The stock has a market capitalization of $4.02 billion, a PE ratio of 28.31 and a beta of 0.77. The business has a 50 day simple moving average of $83.82 and a two-hundred day simple moving average of $82.33. 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, Inc. has a 1-year low of $61.98 and a 1-year high of $89.44.

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

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Monday, July 15th. Arcosa’s dividend payout ratio (DPR) is 6.85%.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.