Covestor Ltd Purchases 248 Shares of Arcosa, Inc. (NYSE:ACA)

Covestor Ltd grew its position in Arcosa, Inc. (NYSE:ACA) by 38.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 888 shares of the company’s stock after purchasing an additional 248 shares during the quarter. Covestor Ltd’s holdings in Arcosa were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ACA. Criterion Capital Advisors LLC bought a new position in shares of Arcosa during the fourth quarter worth $33,000. ICA Group Wealth Management LLC bought a new position in shares of Arcosa during the fourth quarter worth $33,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Arcosa during the fourth quarter worth $36,000. Scarborough Advisors LLC purchased a new stake in Arcosa during the fourth quarter valued at $42,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Arcosa during the first quarter valued at $78,000. 90.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arcosa 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 transaction of $973,858.38. Following the transaction, the insider now directly owns 18,527 shares in the company, valued at approximately $1,643,530.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price target on shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Arcosa Trading Down 4.4 %

Shares of ACA opened at $88.06 on Thursday. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $93.07. The company has a market cap of $4.28 billion, a P/E ratio of 30.16 and a beta of 0.74. The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $85.35 and its 200-day simple moving average is $82.90.

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

Arcosa Dividend Announcement

The firm 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.23%. The ex-dividend date is Monday, July 15th. Arcosa’s payout ratio is 6.85%.

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.