Point72 Asset Management L.P. Purchases New Stake in Arcosa, Inc. (NYSE:ACA)

Point72 Asset Management L.P. purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,471 shares of the company’s stock, valued at approximately $2,291,000.

Several other institutional investors also recently bought and sold shares of ACA. SG Americas Securities LLC raised its position in Arcosa by 168.9% in the second quarter. SG Americas Securities LLC now owns 17,960 shares of the company’s stock valued at $1,498,000 after purchasing an additional 11,280 shares during the period. First Eagle Investment Management LLC increased its stake in Arcosa by 19.4% during the 1st quarter. First Eagle Investment Management LLC now owns 126,052 shares of the company’s stock worth $10,823,000 after buying an additional 20,450 shares during the period. UniSuper Management Pty Ltd acquired a new position in Arcosa in the 1st quarter worth $754,000. TCW Group Inc. lifted its holdings in Arcosa by 72.9% in the 2nd quarter. TCW Group Inc. now owns 41,895 shares of the company’s stock worth $3,494,000 after buying an additional 17,658 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Arcosa in the 1st quarter valued at about $5,242,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of analyst reports. Oppenheimer lifted their target price 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 price objective on the stock in a report on Wednesday, August 7th.

Arcosa Price Performance

ACA opened at $91.00 on Friday. The company has a market capitalization of $4.42 billion, a P/E ratio of 31.16 and a beta of 0.72. The company has a 50-day moving average of $88.08 and a 200-day moving average of $85.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. Arcosa, Inc. has a 1-year low of $61.98 and a 1-year high of $96.47.

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

Arcosa Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 6.85%.

Insider Buying and Selling

In other Arcosa news, CEO Antonio Carrillo bought 12,125 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the purchase, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $83.78, for a total transaction of $335,120.00. Following the sale, the insider now directly owns 35,333 shares in the company, valued at approximately $2,960,198.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio Carrillo acquired 12,125 shares of Arcosa stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $82.05 per share, with a total value of $994,856.25. Following the transaction, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

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.