Huntleigh Advisors Inc. Has $494,000 Stake in Arcosa, Inc. $ACA

Huntleigh Advisors Inc. increased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 5.7% during the second quarter, HoldingsChannel reports. The fund owned 5,699 shares of the company’s stock after buying an additional 307 shares during the period. Huntleigh Advisors Inc.’s holdings in Arcosa were worth $494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC grew its position in Arcosa by 10.9% in the first quarter. HighTower Advisors LLC now owns 80,844 shares of the company’s stock valued at $6,235,000 after purchasing an additional 7,928 shares in the last quarter. Pacific Capital Partners Ltd bought a new position in Arcosa in the first quarter valued at $6,748,000. GAMMA Investing LLC grew its position in Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after purchasing an additional 738 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Arcosa in the first quarter valued at $550,000. Finally, Hsbc Holdings PLC grew its position in Arcosa by 107.6% in the first quarter. Hsbc Holdings PLC now owns 14,535 shares of the company’s stock valued at $1,116,000 after purchasing an additional 7,532 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arcosa in a research report on Wednesday, October 8th. DA Davidson lifted their price objective on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Arcosa Stock Performance

Shares of ACA opened at $93.11 on Friday. The firm has a 50-day moving average of $95.24 and a 200-day moving average of $88.60. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The company has a market cap of $4.57 billion, a PE ratio of 49.53 and a beta of 0.98. 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 (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 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 analysts forecast that Arcosa, Inc. will post 3.23 earnings per share 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 issued a dividend of $0.05 per share. 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 Activity

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider owned 38,089 shares of the company’s stock, valued at approximately $3,771,572.78. The trade was a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following 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.

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.