Arcosa, Inc. (NYSE:ACA) Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in Arcosa, Inc. (NYSE:ACA) by 47.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,166 shares of the company’s stock after acquiring an additional 2,312 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Arcosa were worth $598,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Thornburg Investment Management Inc. lifted its position in shares of Arcosa by 7.6% in the second quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock worth $13,850,000 after purchasing an additional 11,735 shares in the last quarter. American Century Companies Inc. lifted its position in Arcosa by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 12,449 shares of the company’s stock worth $1,038,000 after buying an additional 339 shares in the last quarter. Levin Capital Strategies L.P. boosted its stake in shares of Arcosa by 28.0% during the 2nd quarter. Levin Capital Strategies L.P. now owns 9,745 shares of the company’s stock valued at $813,000 after buying an additional 2,131 shares during the period. Choreo LLC acquired a new stake in shares of Arcosa during the 2nd quarter valued at $801,000. Finally, Synergy Asset Management LLC grew its holdings in shares of Arcosa by 88.5% during the 2nd quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock valued at $9,600,000 after acquiring an additional 54,045 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on ACA shares. Oppenheimer boosted their target price on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Stephens raised shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a research report on Wednesday, August 7th.

Arcosa Trading Down 2.3 %

Arcosa stock opened at $93.06 on Friday. Arcosa, Inc. has a one year low of $61.98 and a one year high of $95.50. The company’s fifty day moving average price is $87.46 and its two-hundred day moving average price is $84.79. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 31.87 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 (NYSE:ACA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, analysts forecast that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Insider Activity at Arcosa

In other news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction, the director now owns 9,943 shares in the company, valued at approximately $872,001.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the transaction, the insider now owns 35,333 shares in the company, valued at $2,960,198.74. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Arcosa 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.