Arcosa, Inc. (NYSE:ACA) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. increased its stake in Arcosa, Inc. (NYSE:ACA) by 2.8% during the second quarter, HoldingsChannel reports. The firm owned 12,449 shares of the company’s stock after acquiring an additional 339 shares during the period. American Century Companies Inc.’s holdings in Arcosa were worth $1,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACA. Levin Capital Strategies L.P. lifted its holdings in shares of Arcosa by 28.0% during the 2nd quarter. Levin Capital Strategies L.P. now owns 9,745 shares of the company’s stock valued at $813,000 after buying an additional 2,131 shares during the last quarter. Choreo LLC acquired a new stake in Arcosa in the 2nd quarter worth approximately $801,000. Synergy Asset Management LLC lifted its holdings in Arcosa by 88.5% in the 2nd quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock worth $9,600,000 after purchasing an additional 54,045 shares during the last quarter. Arizona State Retirement System lifted its holdings in Arcosa by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after purchasing an additional 195 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Arcosa by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 16,078 shares of the company’s stock worth $1,341,000 after purchasing an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of ACA opened at $94.68 on Tuesday. Arcosa, Inc. has a 12-month low of $61.98 and a 12-month high of $96.47. The business has a 50-day simple moving average of $87.99 and a two-hundred day simple moving average of $85.26. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.60 billion, a PE ratio of 32.42 and a beta of 0.72.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The business had revenue of $664.70 million for the quarter, compared to analyst estimates of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Analysts anticipate that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Tuesday, October 15th. Arcosa’s payout ratio is 6.85%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Oppenheimer lifted their price target on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Stephens upgraded 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.

Insider Buying and Selling at Arcosa

In related news, CEO Antonio Carrillo purchased 12,125 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $82.05 per share, with a total value of $994,856.25. Following the completion of the acquisition, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Antonio Carrillo purchased 12,125 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the transaction, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price 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 approximately $872,001.10. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.

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.