Orchard Capital Management LLC Sells 1,393 Shares of Arcosa, Inc. (NYSE:ACA)

Orchard Capital Management LLC decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,953 shares of the company’s stock after selling 1,393 shares during the quarter. Arcosa comprises approximately 2.9% of Orchard Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Orchard Capital Management LLC owned approximately 0.24% of Arcosa worth $9,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in Arcosa during the 2nd quarter valued at $25,000. ICA Group Wealth Management LLC bought a new stake in Arcosa during the 4th quarter valued at $33,000. Scarborough Advisors LLC bought a new stake in Arcosa during the 4th quarter valued at $42,000. Innealta Capital LLC bought a new stake in Arcosa during the 2nd quarter valued at $69,000. Finally, Covestor Ltd raised its holdings in Arcosa by 38.8% during the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after acquiring an additional 248 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 4.4 %

ACA opened at $95.31 on Friday. The company has a fifty day moving average price of $87.33 and a 200-day moving average price of $84.74. The firm has a market capitalization of $4.63 billion, a P/E ratio of 32.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. Arcosa, Inc. has a one year low of $61.98 and a one year high of $95.50.

Arcosa (NYSE:ACA) last announced its 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. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company 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 business earned $0.76 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts expect that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is presently 6.85%.

Insider Buying and Selling

In related news, CEO Antonio Carrillo bought 12,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the transaction, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Antonio Carrillo bought 12,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the transaction, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bryan Stevenson sold 4,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

ACA has been the subject of a number of recent analyst reports. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target for the company in a research report on Wednesday, August 7th. Oppenheimer boosted their price target on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

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.