First Eagle Investment Management LLC Buys 20,450 Shares of Arcosa, Inc. (NYSE:ACA)

First Eagle Investment Management LLC grew its position in Arcosa, Inc. (NYSE:ACA) by 19.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,052 shares of the company’s stock after purchasing an additional 20,450 shares during the period. First Eagle Investment Management LLC owned about 0.26% of Arcosa worth $10,823,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in shares of 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. New York State Common Retirement Fund lifted its holdings in Arcosa by 2.1% during the fourth quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock worth $1,635,000 after acquiring an additional 399 shares during the period. Criterion Capital Advisors LLC purchased a new position in Arcosa in the fourth quarter worth $33,000. ICA Group Wealth Management LLC bought a new position in Arcosa in the 4th quarter valued at $33,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Arcosa during the 4th quarter worth $36,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Arcosa Price Performance

Shares of Arcosa stock traded down $0.42 on Friday, reaching $88.58. The stock had a trading volume of 60,635 shares, compared to its average volume of 222,994. The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. Arcosa, Inc. has a 1 year low of $61.98 and a 1 year high of $93.07. The company has a market cap of $4.30 billion, a P/E ratio of 30.48 and a beta of 0.74. The business’s 50 day moving average is $85.21 and its two-hundred day moving average is $82.65.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.73 EPS 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 analyst estimates of $580.06 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Arcosa’s revenue was up 9.0% on a year-over-year basis. As a group, research analysts anticipate that Arcosa, Inc. will post 3.58 EPS for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. Arcosa’s dividend payout ratio (DPR) is presently 6.85%.

Insider Buying and Selling at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 10,978 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the sale, the insider now owns 18,527 shares in the company, valued at $1,643,530.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

About Arcosa

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.