Arcosa, Inc. (NYSE:ACA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,685 shares of the company’s stock after selling 393 shares during the quarter. Victory Capital Management Inc.’s holdings in Arcosa were worth $1,486,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in shares of Arcosa by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after buying an additional 6,673 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Arcosa by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after buying an additional 9,602 shares in the last quarter. Boston Partners boosted its stake in Arcosa by 272.6% during the first quarter. Boston Partners now owns 220,961 shares of the company’s stock worth $18,947,000 after buying an additional 161,662 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after buying an additional 117,892 shares during the last quarter. Finally, Thornburg Investment Management Inc. grew its holdings in Arcosa by 7.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock valued at $13,850,000 after buying an additional 11,735 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 0.9 %

ACA opened at $111.57 on Tuesday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. 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 business has a fifty day simple moving average of $96.78 and a 200-day simple moving average of $89.71. The firm has a market cap of $5.44 billion, a P/E ratio of 42.42 and a beta of 0.71.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share 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 during the quarter, compared to the consensus estimate of $682.52 million. During the same period in the previous year, the company posted $0.73 EPS. Arcosa’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. The ex-dividend date was Tuesday, October 15th. Arcosa’s payout ratio is currently 7.60%.

Analyst Ratings Changes

Several research firms recently issued reports on ACA. Stephens upgraded shares of 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. Oppenheimer upped their price objective on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Barclays began coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company.

Insider Activity at Arcosa

In other news, Director Steven J. Demetriou purchased 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was bought 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 trade was a 152.17 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% 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.