Arcosa, Inc. (NYSE:ACA) Insider Jesse E. Jr. Collins Sells 8,616 Shares

Arcosa, Inc. (NYSE:ACA - Get Free Report) insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the sale, the insider now directly owns 12,551 shares in the company, valued at approximately $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Arcosa Stock Down 2.6%

NYSE ACA traded down $2.25 during trading on Friday, reaching $84.75. 390,967 shares of the company's stock were exchanged, compared to its average volume of 272,334. The company has a 50 day moving average price of $84.47 and a two-hundred day moving average price of $89.98. The stock has a market cap of $4.14 billion, a P/E ratio of 53.30 and a beta of 1.01. 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 0.68, a quick ratio of 1.27 and a current ratio of 1.98.

Arcosa (NYSE:ACA - Get Free Report) last announced 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 firm had revenue of $632.00 million during the quarter, compared to analysts' expectations of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. Arcosa's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. On average, equities research analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

Hedge Funds Weigh In On Arcosa

Institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise acquired a new stake in Arcosa during the 1st quarter worth approximately $28,000. Flagship Wealth Advisors LLC purchased a new stake in Arcosa during the fourth quarter worth $52,000. AlphaQuest LLC grew its stake in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock valued at $71,000 after acquiring an additional 723 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after purchasing an additional 361 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Arcosa by 1,044.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock valued at $92,000 after buying an additional 867 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

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.