Arcosa, Inc. (NYSE:ACA) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp cut its stake in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,323 shares of the company’s stock after selling 133 shares during the period. Atlantic Union Bankshares Corp’s holdings in Arcosa were worth $800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mariner LLC grew its stake in Arcosa by 2.5% during the 3rd quarter. Mariner LLC now owns 7,090 shares of the company’s stock valued at $510,000 after acquiring an additional 176 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Arcosa by 22.9% in the fourth 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 last quarter. New York State Common Retirement Fund increased its holdings in shares of Arcosa by 2.1% in the fourth quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock valued at $1,635,000 after purchasing an additional 399 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in Arcosa during the fourth quarter worth approximately $33,000. Finally, ICA Group Wealth Management LLC acquired a new position in Arcosa during the fourth quarter worth $33,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Arcosa Price Performance

ACA stock opened at $83.41 on Friday. Arcosa, Inc. has a 52-week low of $61.98 and a 52-week high of $89.44. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 28.57 and a beta of 0.77. The business has a fifty day moving average of $84.10 and a two-hundred day moving average of $82.37.

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

Arcosa Announces Dividend

The business also recently disclosed 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. 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%.

Insider Buying and Selling

In other Arcosa news, insider Kerry S. Cole sold 10,978 shares of the business’s 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 sale, the insider now owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.