Arcosa, Inc. (NYSE:ACA) Holdings Cut by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in Arcosa, Inc. (NYSE:ACA) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 604,260 shares of the company’s stock after selling 74,970 shares during the period. Nuveen Asset Management LLC’s holdings in Arcosa were worth $58,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACA. Barclays PLC boosted its stake in Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after acquiring an additional 62,804 shares during the period. Sheets Smith Wealth Management acquired a new position in Arcosa in the fourth quarter valued at approximately $536,000. Nisa Investment Advisors LLC boosted its stake in Arcosa by 8.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,092 shares of the company’s stock valued at $589,000 after acquiring an additional 463 shares during the period. Blue Trust Inc. boosted its stake 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 acquiring an additional 175 shares during the period. Finally, KBC Group NV boosted its stake in Arcosa by 52.2% in the fourth quarter. KBC Group NV now owns 2,168 shares of the company’s stock valued at $210,000 after acquiring an additional 744 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of ACA stock opened at $89.14 on Monday. The business has a 50 day moving average of $80.29 and a two-hundred day moving average of $92.75. The company has a market cap of $4.35 billion, a P/E ratio of 33.89 and a beta of 1.00. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43.

Arcosa (NYSE:ACA) last released 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. The company had revenue of $632.00 million for the quarter, compared to analysts’ expectations of $613.95 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. Arcosa’s dividend payout ratio (DPR) is presently 12.58%.

Insider Activity

In other news, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the sale, the vice president now owns 4,112 shares of the company’s stock, valued at approximately $364,199.84. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.