Moody National Bank Trust Division decreased its position in Arcosa, Inc. (NYSE:ACA – Get Rating) by 51.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,659 shares of the company’s stock after selling 11,270 shares during the quarter. Moody National Bank Trust Division’s holdings in Arcosa were worth $495,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of ACA. Quadrant Capital Group LLC raised its stake in shares of Arcosa by 492.4% during the 1st quarter. Quadrant Capital Group LLC now owns 545 shares of the company’s stock worth $31,000 after purchasing an additional 453 shares in the last quarter. Strs Ohio bought a new stake in shares of Arcosa during the 1st quarter worth approximately $40,000. Quantbot Technologies LP bought a new stake in shares of Arcosa during the 1st quarter worth approximately $59,000. Kepos Capital LP bought a new stake in shares of Arcosa during the 4th quarter worth approximately $76,000. Finally, Wellington Shields & Co. LLC bought a new stake in shares of Arcosa during the 1st quarter worth approximately $206,000. Institutional investors own 90.39% of the company’s stock.
Wall Street Analyst Weigh In
ACA has been the topic of a number of analyst reports. DA Davidson upped their price objective on Arcosa to $68.00 in a research note on Tuesday, August 9th. Stephens upped their price objective on Arcosa from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Finally, TheStreet raised Arcosa from a “c+” rating to a “b-” rating in a report on Thursday, August 4th.
Insider Buying and Selling at Arcosa
Arcosa Stock Down 1.5 %
ACA stock opened at $56.15 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.38 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.72 billion, a PE ratio of 29.87 and a beta of 0.50. Arcosa, Inc. has a 1-year low of $43.42 and a 1-year high of $65.80. The business’s 50 day simple moving average is $56.22 and its 200 day simple moving average is $54.18.
Arcosa (NYSE:ACA – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.37. Arcosa had a return on equity of 5.53% and a net margin of 4.15%. The business had revenue of $602.80 million for the quarter, compared to analyst estimates of $547.00 million. During the same period in the previous year, the firm earned $0.60 EPS. As a group, research analysts anticipate that Arcosa, Inc. will post 2.31 EPS for the current year.
Arcosa Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, October 13th. Arcosa’s dividend payout ratio is 10.64%.
Arcosa Company Profile
Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects.
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