Amundi Sells 4,622 Shares of Arcosa, Inc. $ACA

Key Points

• Amundi reduced its stake in Arcosa, Inc. by 18.5%, owning 20,378 shares valued at approximately $1.54 million after selling 4,622 shares in the first quarter.
• Arcosa reported earnings of $1.27 per share for the last quarter, exceeding forecasts, while revenue increased by 10.9% year-over-year to $736.90 million.
• The company announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.2%, payable to shareholders on October 31st.

Amundi trimmed its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 18.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,378 shares of the company's stock after selling 4,622 shares during the quarter. Amundi's holdings in Arcosa were worth $1,537,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Arcosa by 7.4% in the first quarter. The Manufacturers Life Insurance Company now owns 609,385 shares of the company's stock valued at $46,996,000 after purchasing an additional 42,177 shares during the last quarter. State of Wyoming bought a new position in shares of Arcosa during the first quarter worth about $316,000. Gabelli Funds LLC raised its position in shares of Arcosa by 0.9% during the first quarter. Gabelli Funds LLC now owns 147,791 shares of the company's stock worth $11,398,000 after acquiring an additional 1,340 shares during the last quarter. AlphaQuest LLC raised its position in shares of Arcosa by 56.7% during the first quarter. AlphaQuest LLC now owns 1,142 shares of the company's stock worth $88,000 after acquiring an additional 413 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Arcosa by 17.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock worth $153,719,000 after acquiring an additional 290,523 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $112.00.

Arcosa Stock Up 3.8%

Shares of NYSE:ACA traded up $3.56 during trading on Thursday, reaching $97.16. 251,450 shares of the stock were exchanged, compared to its average volume of 201,726. 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 1-year low of $68.11 and a 1-year high of $113.43. The stock has a fifty day moving average of $93.36 and a two-hundred day moving average of $86.77. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 51.68 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.22. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company had revenue of $736.90 million for the quarter, compared to analysts' expectations of $754.20 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Arcosa's quarterly revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. Research analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa's payout ratio is currently 10.64%.

Insider Buying and Selling at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, the insider directly owned 19,769 shares in the company, valued at $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were 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 in the company, valued at approximately $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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.