Bryan Stevenson Sells 4,000 Shares of Arcosa, Inc. (NYSE:ACA) Stock

Key Points

• Bryan Stevenson, an insider at Arcosa, Inc., sold 4,000 shares at an average price of $99.02, totaling $396,080, which decreased his holdings by 9.5%.
• Arcosa reported an EPS of $1.27 for the last quarter, exceeding estimates, despite revenue falling below expectations at $736.90 million.
• The company announced a quarterly dividend of $0.05, contributing to an annualized dividend of $0.20 with a yield of 0.2%.

Arcosa, Inc. (NYSE:ACA - Get Free Report) insider Bryan Stevenson sold 4,000 shares of the firm'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 completion of the sale, the insider owned 38,089 shares of the company's stock, valued at $3,771,572.78. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Arcosa Price Performance

Shares of ACA traded up $3.78 during mid-day trading on Tuesday, reaching $99.31. The company had a trading volume of 324,210 shares, compared to its average volume of 336,684. The company's 50-day moving average is $88.57 and its 200-day moving average is $86.78. 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 twelve month low of $68.11 and a twelve month high of $113.43. The company has a market capitalization of $4.87 billion, a P/E ratio of 30.52 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.05 by $0.22. The company had revenue of $736.90 million during the quarter, compared to analysts' expectations of $754.20 million. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. On average, equities analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. Arcosa's dividend payout ratio (DPR) is 10.64%.

Institutional Investors Weigh In On Arcosa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Arcosa in the 1st quarter worth $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Arcosa in the 2nd quarter worth $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Arcosa in the 2nd quarter worth $51,000. Versant Capital Management Inc boosted its position in shares of Arcosa by 81.5% in the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after purchasing an additional 361 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Arcosa by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 939 shares of the company's stock worth $81,000 after purchasing an additional 143 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson raised their price objective on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday.

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.

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