Entropy Technologies LP Buys Shares of 6,557 Arcosa, Inc. (NYSE:ACA)

Entropy Technologies LP bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 6,557 shares of the company’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACA. Vanguard Group Inc. boosted its holdings in Arcosa by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock worth $458,620,000 after buying an additional 32,164 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Arcosa by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,860,854 shares of the company’s stock worth $236,424,000 after acquiring an additional 39,008 shares in the last quarter. Norges Bank acquired a new stake in shares of Arcosa in the 4th quarter worth approximately $45,468,000. First Trust Advisors LP increased its stake in Arcosa by 17.7% in the 4th quarter. First Trust Advisors LP now owns 374,782 shares of the company’s stock valued at $30,972,000 after purchasing an additional 56,451 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Arcosa by 6.9% during the first quarter. Russell Investments Group Ltd. now owns 294,928 shares of the company’s stock worth $25,323,000 after purchasing an additional 18,967 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

Shares of Arcosa stock traded up $1.08 during trading on Thursday, hitting $90.78. 12,247 shares of the company were exchanged, compared to its average volume of 223,126. Arcosa, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $93.07. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $85.20 and a 200 day moving average price of $82.61. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 30.71 and a beta of 0.74.

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

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa’s dividend payout ratio (DPR) is 6.85%.

Insiders Place Their Bets

In other news, insider Kerry S. Cole sold 10,978 shares of the business’s stock in a transaction that occurred on 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 SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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.