Arcosa, Inc. (NYSE:ACA) Stock Holdings Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in Arcosa, Inc. (NYSE:ACA) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,881 shares of the company’s stock after purchasing an additional 6,934 shares during the period. Public Sector Pension Investment Board owned approximately 0.22% of Arcosa worth $8,915,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Arcosa by 54.6% in the second quarter. Thrivent Financial for Lutherans now owns 65,395 shares of the company’s stock valued at $5,455,000 after acquiring an additional 23,095 shares during the period. Sei Investments Co. boosted its stake in Arcosa by 1.1% in the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $1,126,000 after purchasing an additional 146 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Arcosa in the 2nd quarter valued at about $410,000. First Eagle Investment Management LLC raised its position in Arcosa by 8.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 136,552 shares of the company’s stock worth $11,390,000 after purchasing an additional 10,500 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Arcosa by 19.7% in the second quarter. Hsbc Holdings PLC now owns 18,579 shares of the company’s stock worth $1,550,000 after purchasing an additional 3,052 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Buying and Selling

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

Arcosa Price Performance

Arcosa stock opened at $93.02 on Tuesday. The stock has a fifty day moving average of $87.56 and a 200-day moving average of $84.87. Arcosa, Inc. has a 52 week low of $61.98 and a 52 week high of $95.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The stock has a market capitalization of $4.52 billion, a P/E ratio of 31.86 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, beating the consensus estimate of $0.83 by $0.08. The firm had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. On average, sell-side analysts expect that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa’s dividend payout ratio (DPR) is presently 6.85%.

Analysts Set New Price Targets

ACA has been the topic of several recent analyst reports. Oppenheimer lifted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research note on Wednesday, August 7th.

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.