Arcosa, Inc. (NYSE:ACA) Stock Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Arcosa, Inc. (NYSE:ACA) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,252 shares of the company’s stock after selling 2,903 shares during the quarter. Mutual of America Capital Management LLC owned about 0.17% of Arcosa worth $7,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACA. nVerses Capital LLC bought a new stake in shares of Arcosa during the 2nd quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Arcosa during the 2nd quarter worth about $69,000. Covestor Ltd raised its position in shares of Arcosa by 38.8% during the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after buying an additional 248 shares in the last quarter. KBC Group NV raised its position in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after buying an additional 242 shares in the last quarter. Finally, Bank & Trust Co bought a new stake in shares of Arcosa during the 2nd quarter worth about $196,000. 90.66% of the stock is currently owned by institutional investors.

Insider Transactions at Arcosa

In related news, Director Steven J. Demetriou acquired 6,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the transaction, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This trade represents a 152.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACA. Barclays began coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target on the stock. Oppenheimer lifted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Stephens raised shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a research note on Wednesday, August 7th.

Arcosa Stock Performance

Arcosa stock opened at $103.65 on Tuesday. The firm’s 50 day simple moving average is $95.13 and its 200-day simple moving average is $89.14. The company has a market cap of $5.06 billion, a P/E ratio of 39.41 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a fifty-two week low of $72.70 and a fifty-two week high of $107.79.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities research analysts predict that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) is currently 7.60%.

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.