Teacher Retirement System of Texas Invests $550,000 in Arcosa, Inc. (NYSE:ACA)

Teacher Retirement System of Texas purchased a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,131 shares of the company's stock, valued at approximately $550,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of Arcosa by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock worth $486,000 after acquiring an additional 218 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Arcosa by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock valued at $491,000 after purchasing an additional 235 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Arcosa by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock valued at $7,054,000 after purchasing an additional 284 shares in the last quarter. Xponance Inc. boosted its holdings in Arcosa by 10.0% in the 4th quarter. Xponance Inc. now owns 3,505 shares of the company's stock valued at $339,000 after purchasing an additional 319 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Arcosa by 12.7% in the 1st quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock valued at $245,000 after buying an additional 357 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Transactions at Arcosa

In related news, VP Eric D. Hurst sold 835 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $88.57, for a total value of $73,955.95. Following the completion of the transaction, the vice president owned 4,112 shares of the company's stock, valued at approximately $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, the insider owned 12,551 shares in the company, valued at $1,084,406.40. The trade was a 40.70% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Arcosa Price Performance

Shares of ACA traded down $0.15 during mid-day trading on Friday, hitting $89.93. The company's stock had a trading volume of 548,548 shares, compared to its average volume of 274,882. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68. The firm has a 50-day simple moving average of $87.88 and a 200 day simple moving average of $87.85. The firm has a market capitalization of $4.39 billion, a P/E ratio of 56.56 and a beta of 0.99. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued 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 5.59% and a net margin of 3.00%. The firm had revenue of $632.00 million during the quarter, compared to analysts' expectations of $613.95 million. During the same period in the previous year, the firm posted $0.73 earnings per share. Arcosa's revenue was up 5.6% on a year-over-year basis. Analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Tuesday, July 15th. Arcosa's dividend payout ratio (DPR) is presently 12.58%.

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.