Point72 Asia Singapore Pte. Ltd. Sells 1,923 Shares of Arcosa, Inc. (NYSE:ACA)

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 63.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,095 shares of the company’s stock after selling 1,923 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Arcosa were worth $106,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACA. Norges Bank bought a new stake in Arcosa in the fourth quarter worth $73,178,000. Neuberger Berman Group LLC lifted its stake in Arcosa by 21.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock worth $291,831,000 after purchasing an additional 536,349 shares during the last quarter. Capital International Investors lifted its stake in Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company’s stock worth $85,959,000 after purchasing an additional 265,056 shares during the last quarter. Oberweis Asset Management Inc. bought a new stake in Arcosa in the fourth quarter worth $19,638,000. Finally, Bank of America Corp DE lifted its stake in Arcosa by 197.7% in the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company’s stock worth $27,287,000 after purchasing an additional 187,306 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Arcosa

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the business’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 transaction, the vice president now owns 4,112 shares in the company, valued at approximately $364,199.84. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Arcosa Stock Performance

Arcosa stock opened at $89.14 on Friday. 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 company has a market capitalization of $4.35 billion, a PE ratio of 33.89 and a beta of 1.00. The firm has a fifty day simple moving average of $80.29 and a two-hundred day simple moving average of $92.76. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43.

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

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Tuesday, July 15th. Arcosa’s payout ratio is 12.58%.

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.