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 reduced its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 18.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,378 shares of the company's stock after selling 4,622 shares during the period. Amundi's holdings in Arcosa were worth $1,537,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ACA. Nuveen LLC purchased a new position in shares of Arcosa during the 1st quarter valued at about $33,982,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Arcosa by 17.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock valued at $153,719,000 after buying an additional 290,523 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Arcosa by 197.7% during the 4th quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock valued at $27,287,000 after buying an additional 187,306 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Arcosa by 3.5% during the 1st quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock valued at $240,884,000 after buying an additional 105,473 shares in the last quarter. Finally, Pacific Capital Partners Ltd purchased a new position in shares of Arcosa during the 1st quarter valued at about $6,748,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson boosted their price target on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $112.00.

Arcosa Price Performance

NYSE ACA traded down $0.96 during trading hours on Tuesday, reaching $94.06. The company's stock had a trading volume of 163,372 shares, compared to its average volume of 284,691. The firm's 50-day moving average price is $93.13 and its 200-day moving average price is $86.56. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 50.03 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm earned $0.91 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. On average, equities research analysts predict 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 Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa's payout ratio is presently 10.64%.

Insider Buying and Selling

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction that occurred 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 owned 19,769 shares of the company's stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa 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 directly owned 38,089 shares in the company, valued at approximately $3,771,572.78. The trade was a 9.50% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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.