Insider Selling: Arcosa, Inc. (NYSE:ACA) Insider Sells 8,616 Shares of Stock

Arcosa, Inc. (NYSE:ACA) insider Jesse E. Jr. Collins sold 8,616 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the transaction, the insider now directly owns 12,551 shares in the company, valued at $1,084,406.40. This represents a 40.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arcosa Stock Up 1.4%

NYSE:ACA opened at $86.73 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $84.07 and a 200-day moving average of $90.15. The firm has a market capitalization of $4.23 billion, a PE ratio of 54.55 and a beta of 1.01. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.20. Arcosa had a return on equity of 5.59% and a net margin of 3.00%. The business had revenue of $632.00 million during the quarter, compared to analyst estimates of $613.95 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts predict that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa’s dividend payout ratio (DPR) is 12.58%.

Hedge Funds Weigh In On Arcosa

Several institutional investors have recently modified their holdings of ACA. Xponance Inc. boosted its stake in Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company’s stock valued at $282,000 after purchasing an additional 149 shares during the period. Arizona State Retirement System increased its stake in shares of Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock valued at $1,370,000 after purchasing an additional 170 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Arcosa by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company’s stock valued at $560,000 after buying an additional 189 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Arcosa by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 5,027 shares of the company’s stock worth $486,000 after buying an additional 218 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in shares of Arcosa by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company’s stock worth $491,000 after buying an additional 235 shares during the period. Institutional investors own 90.66% of the company’s stock.

About Arcosa

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.