Arcosa, Inc. (NYSE:ACA) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of Arcosa, Inc. (NYSE:ACA) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 604,260 shares of the company’s stock after selling 74,970 shares during the period. Nuveen Asset Management LLC owned approximately 1.24% of Arcosa worth $58,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Arcosa by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock worth $548,143,000 after buying an additional 14,207 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock worth $291,831,000 after buying an additional 536,349 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Arcosa by 3.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company’s stock worth $164,721,000 after buying an additional 60,818 shares during the last quarter. Capital International Investors increased its holdings in shares of Arcosa by 42.5% during the 4th quarter. Capital International Investors now owns 888,559 shares of the company’s stock worth $85,959,000 after buying an additional 265,056 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Arcosa during the 4th quarter worth $73,178,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Trading Up 1.0%

ACA stock opened at $89.14 on Monday. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 33.89 and a beta of 1.00. 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 $80.29 and a 200-day simple moving average of $92.75.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. During the same period in the prior year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.22%. Arcosa’s dividend payout ratio is currently 12.58%.

Insider Activity at Arcosa

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the completion of the transaction, the vice president now directly owns 4,112 shares of the company’s stock, valued at $364,199.84. This represents a 16.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by 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.