Dimensional Fund Advisors LP Trims Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Dimensional Fund Advisors LP cut its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,746,226 shares of the company’s stock after selling 46,213 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.65% of Arcosa worth $229,061,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Arcosa during the second quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in Arcosa during the 4th quarter worth $33,000. Scarborough Advisors LLC bought a new stake in shares of Arcosa in the 4th quarter worth about $42,000. Innealta Capital LLC acquired a new stake in shares of Arcosa in the 2nd quarter valued at about $69,000. Finally, Covestor Ltd lifted its position in shares of Arcosa by 38.8% during the first quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after purchasing an additional 248 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Antonio Carrillo bought 12,125 shares of Arcosa stock in a transaction on 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 purchase, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were bought at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares of the company’s stock, valued at $872,001.10. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Antonio Carrillo acquired 12,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought 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 owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACA. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th. Oppenheimer boosted their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Arcosa Price Performance

ACA opened at $91.09 on Thursday. 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 company’s 50-day moving average price is $86.96 and its 200 day moving average price is $84.62. Arcosa, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $95.50. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 31.20 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 the consensus estimate of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. As a group, sell-side analysts expect that Arcosa, Inc. will post 3.39 earnings per share for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. Arcosa’s dividend payout ratio is currently 6.85%.

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.