Creative Planning Acquires 1,538 Shares of Arcosa, Inc. (NYSE:ACA)

Creative Planning raised its stake in shares of Arcosa, Inc. (NYSE:ACA) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,546 shares of the company’s stock after buying an additional 1,538 shares during the period. Creative Planning’s holdings in Arcosa were worth $796,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in Arcosa in the 4th quarter worth approximately $42,000. Vanguard Group Inc. raised its position in shares of Arcosa by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock valued at $458,620,000 after purchasing an additional 32,164 shares during the period. Guidance Capital Inc. acquired a new stake in shares of Arcosa in the first quarter worth $445,000. Synergy Asset Management LLC bought a new stake in shares of Arcosa during the 1st quarter worth $5,242,000. Finally, Tradewinds Capital Management LLC acquired a new position in Arcosa in the 1st quarter valued at $114,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

NYSE:ACA opened at $94.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The stock has a market cap of $4.62 billion, a P/E ratio of 31.45 and a beta of 0.71. The company has a fifty day moving average price of $88.58 and a 200 day moving average price of $85.85. Arcosa, Inc. has a one year low of $61.98 and a one year high of $96.47.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The business had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $661.54 million. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Analysts anticipate that Arcosa, Inc. will post 3.39 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed 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. 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 presently 6.64%.

Analysts Set New Price Targets

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

Insider Activity at Arcosa

In other Arcosa news, CEO Antonio Carrillo purchased 12,125 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased 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 directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of Arcosa stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, with a total value of $994,856.25. Following the acquisition, the chief executive officer now owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was acquired 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 $872,001.10. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.