Blue Trust Inc. Purchases 143 Shares of Arcosa, Inc. $ACA

Blue Trust Inc. raised its stake in shares of Arcosa, Inc. (NYSE:ACA) by 18.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 939 shares of the company’s stock after purchasing an additional 143 shares during the period. Blue Trust Inc.’s holdings in Arcosa were worth $81,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ACA. McElhenny Sheffield Capital Management LLC bought a new stake in Arcosa during the second quarter valued at about $93,040,000. Nuveen LLC bought a new stake in Arcosa during the first quarter valued at about $33,982,000. T. Rowe Price Investment Management Inc. grew its holdings in Arcosa by 17.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company’s stock valued at $153,719,000 after purchasing an additional 290,523 shares during the period. Neuberger Berman Group LLC grew its holdings in Arcosa by 3.5% during the first quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company’s stock valued at $240,884,000 after purchasing an additional 105,473 shares during the period. Finally, Pacific Capital Partners Ltd bought a new stake in Arcosa during the first quarter valued at about $6,748,000. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ACA shares. DA Davidson boosted their price target on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Arcosa in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Arcosa has an average rating of “Moderate Buy” and an average price target of $112.00.

Insider Activity at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the sale, the insider directly owned 19,769 shares of the company’s stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bryan Stevenson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the sale, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Arcosa Trading Up 0.7%

Shares of NYSE ACA opened at $93.11 on Friday. The business’s 50 day moving average is $95.24 and its two-hundred day moving average is $88.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The stock has a market capitalization of $4.57 billion, a P/E ratio of 49.53 and a beta of 0.98.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company had revenue of $515.10 million for the quarter. As a group, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Arcosa’s payout ratio is presently 10.64%.

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.