Peddock Capital Advisors LLC Has $1.35 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Peddock Capital Advisors LLC increased its position in Arcosa, Inc. (NYSE:ACA) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,246 shares of the company’s stock after purchasing an additional 380 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Arcosa were worth $1,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in Arcosa by 16.5% in the third quarter. Handelsbanken Fonder AB now owns 9,900 shares of the company’s stock worth $938,000 after purchasing an additional 1,400 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Arcosa during the 2nd quarter worth about $2,291,000. NewEdge Advisors LLC acquired a new position in shares of Arcosa during the 2nd quarter worth about $1,383,000. Creative Planning grew its position in shares of Arcosa by 19.2% during the 2nd quarter. Creative Planning now owns 9,546 shares of the company’s stock worth $796,000 after buying an additional 1,538 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Arcosa in the 2nd quarter valued at approximately $8,915,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ACA. 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. 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.

Insider Transactions at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of the business’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 transaction of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares in the company, valued at $872,001.10. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bryan Stevenson sold 4,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were 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 directly owns 35,333 shares in the company, valued at approximately $2,960,198.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Arcosa Stock Up 0.3 %

Shares of Arcosa stock traded up $0.29 on Wednesday, reaching $93.23. 5,705 shares of the company were exchanged, compared to its average volume of 238,146. Arcosa, Inc. has a one year low of $61.98 and a one year high of $96.47. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 31.83 and a beta of 0.71. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $88.20 and a 200 day moving average of $85.67.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company had revenue of $664.70 million for the quarter, compared to analysts’ expectations of $661.54 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Arcosa, Inc. will post 3.39 earnings per share for the current year.

Arcosa Dividend Announcement

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

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.