Mutual of America Capital Management LLC Sells 11,372 Shares of Arcosa, Inc. $ACA

Mutual of America Capital Management LLC reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 15.6% 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 61,706 shares of the company’s stock after selling 11,372 shares during the period. Mutual of America Capital Management LLC owned 0.13% of Arcosa worth $5,351,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Arcosa during the first quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Arcosa during the second quarter valued at about $40,000. Blue Trust Inc. raised its holdings in Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC raised its holdings in Arcosa by 223.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after buying an additional 738 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in Arcosa by 56.7% during the first quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after buying an additional 413 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ACA shares. Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Arcosa in a report on Wednesday, October 8th. Finally, DA Davidson upped their price target on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Arcosa Stock Up 1.4%

ACA stock opened at $94.94 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a 50-day moving average of $95.12 and a two-hundred day moving average of $88.88. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 50.50 and a beta of 0.98.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The company had revenue of $515.10 million during the quarter. As a group, equities research analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

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

Insider Activity

In related news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were 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 in the company, valued at approximately $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the sale, the insider owned 19,769 shares of the company’s stock, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. 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.