Arcosa, Inc. (NYSE:ACA) Shares Bought by Consolidated Investment Group LLC

Consolidated Investment Group LLC grew its position in shares of Arcosa, Inc. (NYSE:ACA) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 50,300 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Consolidated Investment Group LLC’s holdings in Arcosa were worth $3,879,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Arcosa by 12.7% during the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company’s stock valued at $245,000 after acquiring an additional 357 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Arcosa by 267.7% during the first quarter. SG Americas Securities LLC now owns 10,950 shares of the company’s stock valued at $844,000 after acquiring an additional 7,972 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Arcosa by 223.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after acquiring an additional 738 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Arcosa by 8.1% during the first quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company’s stock valued at $16,406,000 after acquiring an additional 15,968 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Arcosa by 81.5% during the first quarter. Versant Capital Management Inc now owns 804 shares of the company’s stock valued at $62,000 after acquiring an additional 361 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

ACA stock opened at $84.75 on Friday. The company has a market capitalization of $4.14 billion, a P/E ratio of 53.30 and a beta of 1.01. The company has a 50-day simple moving average of $84.62 and a 200 day simple moving average of $89.68. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The company has a quick ratio of 1.27, a current ratio of 1.98 and a debt-to-equity ratio of 0.68.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.20. The business had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. Sell-side analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa’s payout ratio is currently 12.58%.

Insider Buying and Selling

In related news, insider Jesse E. Jr. Collins sold 8,616 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the completion of the sale, the insider now owns 12,551 shares of the company’s stock, valued at $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Eric D. Hurst sold 835 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the completion of the sale, the vice president now directly owns 4,112 shares of the company’s stock, valued at $364,199.84. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. 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.