Arcosa, Inc. (NYSE:ACA) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its stake in Arcosa, Inc. (NYSE:ACA) by 33.2% in the fourth quarter, HoldingsChannel reports. The firm owned 58,724 shares of the company’s stock after selling 29,155 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Arcosa were worth $5,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after purchasing an additional 148 shares during the period. Arizona State Retirement System boosted its holdings in Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock valued at $1,370,000 after purchasing an additional 170 shares during the period. Blue Trust Inc. boosted its holdings in Arcosa by 16.4% in the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after purchasing an additional 175 shares during the period. Captrust Financial Advisors boosted its holdings in Arcosa by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 5,027 shares of the company’s stock valued at $486,000 after purchasing an additional 218 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in Arcosa by 4.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company’s stock valued at $491,000 after purchasing an additional 235 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Down 0.2%

Arcosa stock opened at $90.35 on Wednesday. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The stock has a market cap of $4.41 billion, a PE ratio of 34.35 and a beta of 1.00. The stock’s fifty day moving average is $79.76 and its two-hundred day moving average is $92.89.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $632.00 million for the quarter, compared to analysts’ expectations of $613.95 million. During the same period last year, the firm earned $0.73 earnings per share. Arcosa’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, April 15th. Arcosa’s dividend payout ratio is presently 12.58%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their target price on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th.

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.