Arcosa, Inc. (NYSE:ACA) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its stake in Arcosa, Inc. (NYSE:ACA) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,060 shares of the company’s stock after selling 1,880 shares during the quarter. Everence Capital Management Inc.’s holdings in Arcosa were worth $586,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its position in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after purchasing an additional 148 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after buying an additional 47,474 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Arcosa by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock valued at $107,047,000 after buying an additional 16,032 shares during the period. M&T Bank Corp acquired a new position in Arcosa in the third quarter valued at approximately $219,000. Finally, Barclays PLC grew its position in Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after acquiring an additional 62,804 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays started coverage on Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target on the stock.

Arcosa Stock Up 1.9 %

Arcosa stock opened at $98.53 on Friday. The company has a market capitalization of $4.81 billion, a PE ratio of 37.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The firm has a 50 day moving average price of $103.05 and a 200 day moving average price of $93.45.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Research analysts expect that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Arcosa’s dividend payout ratio is presently 7.60%.

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.