Eric D. Hurst Sells 835 Shares of Arcosa, Inc. (NYSE:ACA) Stock

Arcosa, Inc. (NYSE:ACA) VP Eric D. Hurst sold 835 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Arcosa Price Performance

Shares of ACA opened at $89.14 on Monday. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 33.89 and a beta of 1.00. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The company’s fifty day simple moving average is $80.29 and its 200 day simple moving average is $92.75. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating 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 firm had revenue of $632.00 million for the quarter, compared to the consensus estimate of $613.95 million. During the same period in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 dividend yield of 0.22%. Arcosa’s dividend payout ratio is currently 12.58%.

Hedge Funds Weigh In On Arcosa

Several institutional investors and hedge funds have recently modified their holdings of ACA. Norges Bank acquired a new position in shares of Arcosa in the fourth quarter valued at $73,178,000. Neuberger Berman Group LLC increased its holdings in shares of Arcosa by 21.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock valued at $291,831,000 after purchasing an additional 536,349 shares during the last quarter. Nuveen LLC acquired a new position in shares of Arcosa in the first quarter valued at $33,982,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Arcosa by 17.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company’s stock valued at $153,719,000 after purchasing an additional 290,523 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company’s stock valued at $85,959,000 after acquiring an additional 265,056 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.