US Bancorp DE Sells 244 Shares of Arcosa, Inc. (NYSE:ACA)

US Bancorp DE lowered its stake in Arcosa, Inc. (NYSE:ACA) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,233 shares of the company’s stock after selling 244 shares during the quarter. US Bancorp DE’s holdings in Arcosa were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of Arcosa in the second quarter valued at about $25,000. Innealta Capital LLC bought a new stake in Arcosa during the second quarter worth $69,000. Covestor Ltd grew its position in shares of Arcosa by 38.8% in the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after acquiring an additional 248 shares during the period. Bank & Trust Co acquired a new position in shares of Arcosa during the 2nd quarter worth about $196,000. Finally, First Trust Direct Indexing L.P. bought a new position in Arcosa during the third quarter worth about $206,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

ACA stock opened at $103.67 on Friday. The company’s 50-day moving average price is $94.30 and its two-hundred day moving average price is $88.61. Arcosa, Inc. has a 12 month low of $71.89 and a 12 month high of $107.79. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.06 billion, a P/E ratio of 39.42 and a beta of 0.71.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. During the same quarter last year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Arcosa’s dividend payout ratio is currently 7.60%.

Insider Activity

In related news, Director Steven J. Demetriou acquired 6,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now directly owns 9,943 shares in the company, valued at $872,001.10. The trade was a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

ACA has been the topic of a number of research analyst reports. Oppenheimer increased their price target 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 Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a report on Wednesday, August 7th. Finally, Barclays assumed coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective for the company.

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.