2,580 Shares in Arcosa, Inc. $ACA Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in Arcosa, Inc. (NYSE:ACA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,580 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in Arcosa by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after acquiring an additional 143 shares in the last quarter. Xponance Inc. raised its position in shares of Arcosa by 4.3% in the 1st quarter. Xponance Inc. now owns 3,654 shares of the company’s stock valued at $282,000 after purchasing an additional 149 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Arcosa by 2.7% in the 1st 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 in the last quarter. Yousif Capital Management LLC raised its position in shares of Arcosa by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 18,405 shares of the company’s stock valued at $1,596,000 after acquiring an additional 196 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its position in shares of Arcosa by 3.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company’s stock valued at $706,000 after acquiring an additional 277 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

Shares of ACA opened at $93.20 on Friday. The company has a market cap of $4.57 billion, a P/E ratio of 49.57 and a beta of 0.98. The stock has a fifty day moving average price of $94.88 and a 200 day moving average price of $89.05. 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, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43.

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

Arcosa Dividend Announcement

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

Insiders Place Their Bets

In related news, 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 value of $396,080.00. Following the completion of the transaction, the insider owned 38,089 shares in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider owned 19,769 shares of the company’s stock, valued at $1,893,277.13. This trade represents a 28.72% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACA. DA Davidson upped their price target on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Arcosa in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Arcosa presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Arcosa Company 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.