Mutual of America Capital Management LLC Sells 13,148 Shares of Arcosa, Inc. (NYSE:ACA)

Mutual of America Capital Management LLC lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 13.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 87,155 shares of the company’s stock after selling 13,148 shares during the period. Mutual of America Capital Management LLC owned 0.18% of Arcosa worth $7,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Arcosa in the 4th quarter valued at about $239,000. 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 in the last quarter. Norges Bank bought a new position in Arcosa in the 4th quarter worth approximately $45,468,000. Thoroughbred Financial Services LLC acquired a new position in Arcosa during the 4th quarter worth $210,000. Finally, TCW Group Inc. boosted its position in Arcosa by 6.7% in the 4th quarter. TCW Group Inc. now owns 24,337 shares of the company’s stock valued at $2,011,000 after buying an additional 1,537 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACA has been the subject of a number of recent research reports. Oppenheimer boosted 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 shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th.

Arcosa Stock Up 4.4 %

Shares of Arcosa stock opened at $95.31 on Friday. Arcosa, Inc. has a 12 month low of $61.98 and a 12 month high of $95.50. The business has a fifty day simple moving average of $87.33 and a 200 day simple moving average of $84.74. 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 stock has a market cap of $4.63 billion, a PE ratio of 32.64 and a beta of 0.72.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.91 earnings per share 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 analyst estimates of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. Arcosa’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. Research analysts predict that Arcosa, Inc. will post 3.39 EPS for the current year.

Arcosa Dividend Announcement

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

Insiders Place Their Bets

In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Antonio Carrillo purchased 12,125 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $82.05 per share, with a total value of $994,856.25. Following the completion of the purchase, the chief executive officer now owns 406,275 shares in the company, valued at approximately $33,334,863.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven J. Demetriou acquired 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 transaction, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

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.