Huntleigh Advisors Inc. Purchases 307 Shares of Arcosa, Inc. $ACA

Huntleigh Advisors Inc. grew its position in shares of Arcosa, Inc. (NYSE:ACA) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,699 shares of the company’s stock after buying an additional 307 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Arcosa were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after buying an additional 143 shares during the last quarter. Xponance Inc. grew its stake in shares of Arcosa by 4.3% during the first 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 last quarter. PNC Financial Services Group Inc. grew its stake 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 purchasing an additional 189 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Arcosa by 1.1% during the second quarter. Yousif Capital Management LLC now owns 18,405 shares of the company’s stock valued at $1,596,000 after purchasing an additional 196 shares during the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Arcosa by 3.1% during the first quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company’s stock valued at $706,000 after purchasing an additional 277 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, insider Kerry S. Cole sold 7,966 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, the insider directly owned 19,769 shares in the company, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was 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 in the company, valued at approximately $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Arcosa Price Performance

Shares of ACA stock opened at $93.11 on Friday. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The stock 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 quick ratio of 1.35 and a current ratio of 2.12. The firm’s 50 day moving average price is $95.24 and its two-hundred day moving average price is $88.60.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. The company had revenue of $515.10 million for the quarter. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. As a group, analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 10.64%.

Analyst Ratings Changes

Several research firms have recently commented on ACA. Zacks Research cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Arcosa in a research note on Wednesday, October 8th. Finally, DA Davidson raised their price objective on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Arcosa currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Arcosa Profile

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.