Blue Trust Inc. Grows Position in Arcosa, Inc. $ACA

Blue Trust Inc. increased its position in Arcosa, Inc. (NYSE:ACA) by 18.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 939 shares of the company’s stock after purchasing an additional 143 shares during the quarter. Blue Trust Inc.’s holdings in Arcosa were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of Arcosa in the 1st quarter valued at approximately $28,000. GAMMA Investing LLC lifted its stake in shares of Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after purchasing an additional 738 shares during the period. AlphaQuest LLC lifted its stake in shares of Arcosa by 56.7% in the 1st quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after purchasing an additional 413 shares during the period. SouthState Corp purchased a new position in shares of Arcosa in the 1st quarter valued at approximately $163,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Arcosa in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 0.7%

Arcosa stock opened at $93.11 on Friday. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 49.53 and a beta of 0.98. The stock has a fifty day simple moving average of $95.24 and a two-hundred day simple moving average of $88.55. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a current ratio of 2.12, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. The business had revenue of $515.10 million during the quarter. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. Equities analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s payout ratio is presently 10.64%.

Insider Buying and Selling at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the sale, the insider owned 38,089 shares of the company’s stock, valued at $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction on Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the sale, the insider directly owned 19,769 shares of the company’s stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ACA shares. Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson raised their target price on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Arcosa in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.