Arcosa, Inc. (NYSE:ACA) Stock Position Trimmed by Algert Global LLC

Algert Global LLC lowered its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 45.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 59,739 shares of the company's stock after selling 50,532 shares during the quarter. Algert Global LLC owned about 0.12% of Arcosa worth $5,779,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its position in shares of Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company's stock worth $7,750,000 after acquiring an additional 62,804 shares in the last quarter. Franklin Resources Inc. boosted its position in Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company's stock worth $74,214,000 after purchasing an additional 47,474 shares during the period. GAMMA Investing LLC increased its holdings in Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after purchasing an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Arcosa by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company's stock valued at $19,035,000 after buying an additional 1,408 shares during the period. Finally, Sheets Smith Wealth Management acquired a new stake in Arcosa in the fourth quarter valued at approximately $536,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Up 0.1 %

Arcosa stock traded up $0.12 during midday trading on Friday, hitting $86.93. The stock had a trading volume of 249,259 shares, compared to its average volume of 269,007. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average price of $79.43 and a 200 day moving average price of $92.94. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The stock has a market cap of $4.24 billion, a P/E ratio of 33.05 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $632.00 million for the quarter, compared to analysts' expectations of $613.95 million. During the same period last year, the business posted $0.73 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa's dividend payout ratio (DPR) is 12.58%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price objective on shares of Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th.

Arcosa 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.