Arcosa (NYSE:ACA) Trading Up 10.6% Following Strong Earnings

Key Points

• Arcosa, Inc. (NYSE:ACA) experienced a 10.6% increase in stock price after reporting stronger-than-expected earnings of $1.27 EPS, surpassing the consensus estimate by $0.22.
• The company announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.2%, and a payout ratio of 12.58%.
• Institutional investors own 90.66% of Arcosa's stock, with several hedge funds recently increasing their stakes in the company.

Arcosa, Inc. (NYSE:ACA - Get Free Report) was up 10.6% on Friday following a stronger than expected earnings report. The company traded as high as $93.85 and last traded at $94.09. Approximately 117,527 shares changed hands during trading, a decline of 59% from the average daily volume of 288,563 shares. The stock had previously closed at $85.10.

The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.05 by $0.22. The business had revenue of $736.90 million during the quarter, compared to analyst estimates of $754.20 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. Arcosa's payout ratio is presently 12.58%.

Insiders Place Their Bets

In other Arcosa news, insider Jesse E. Jr. Collins sold 8,616 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the transaction, the insider owned 12,551 shares in the company, valued at approximately $1,084,406.40. This represents a 40.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the sale, the vice president directly owned 4,112 shares of the company's stock, valued at approximately $364,199.84. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Arcosa

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise bought a new position in shares of Arcosa during the 1st quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in Arcosa during the 2nd quarter worth about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Arcosa during the second quarter worth approximately $51,000. Versant Capital Management Inc raised its position in shares of Arcosa by 81.5% during the 1st 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 last quarter. Finally, Blue Trust Inc. lifted its stake in Arcosa by 18.0% in the second quarter. Blue Trust Inc. now owns 939 shares of the company's stock valued at $81,000 after buying an additional 143 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Up 11.3%

The firm's 50 day moving average is $87.96 and its two-hundred day moving average is $86.94. The firm has a market cap of $4.62 billion, a P/E ratio of 59.31 and a beta of 1.01. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68.

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.

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