Synergy Asset Management LLC Purchases Shares of 61,052 Arcosa, Inc. (NYSE:ACA)

Synergy Asset Management LLC acquired a new position in shares of Arcosa, Inc. (NYSE:ACA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 61,052 shares of the company’s stock, valued at approximately $5,242,000. Arcosa makes up 0.9% of Synergy Asset Management LLC’s holdings, making the stock its 26th largest position. Synergy Asset Management LLC owned about 0.13% of Arcosa as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new stake in Arcosa during the 4th quarter worth about $33,000. ICA Group Wealth Management LLC bought a new stake in shares of Arcosa during the fourth quarter valued at approximately $33,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Arcosa in the fourth quarter valued at approximately $36,000. Scarborough Advisors LLC bought a new position in Arcosa in the 4th quarter worth approximately $42,000. Finally, Quadrant Capital Group LLC lifted its holdings in Arcosa by 22.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock worth $89,000 after buying an additional 200 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at Arcosa

In other news, insider Kerry S. Cole sold 10,978 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the transaction, the insider now owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

Arcosa Stock Performance

NYSE ACA traded up $0.35 on Tuesday, hitting $81.11. 55,268 shares of the stock were exchanged, compared to its average volume of 223,441. The business’s fifty day moving average is $84.20 and its 200 day moving average is $82.42. Arcosa, Inc. has a 52 week low of $61.98 and a 52 week high of $89.44. The company has a market capitalization of $3.94 billion, a PE ratio of 27.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.21. The business had revenue of $598.60 million during the quarter, compared to analysts’ expectations of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. Research analysts anticipate that Arcosa, Inc. will post 3.58 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Arcosa’s payout ratio is 6.85%.

Analyst Ratings Changes

Separately, DA Davidson increased their price target on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Arcosa has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.