Arcosa, Inc. $ACA Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 50.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,348 shares of the company's stock after selling 22,526 shares during the quarter. TD Asset Management Inc's holdings in Arcosa were worth $1,938,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new stake in Arcosa during the second quarter worth $224,000. Yousif Capital Management LLC increased its stake in Arcosa by 1.1% during the second quarter. Yousif Capital Management LLC now owns 18,405 shares of the company's stock worth $1,596,000 after acquiring an additional 196 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Arcosa during the second quarter worth $288,000. Trust Co. of Toledo NA OH acquired a new stake in Arcosa during the second quarter worth $40,000. Finally, Blue Trust Inc. increased its stake in Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company's stock worth $81,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ACA. Zacks Research cut Arcosa from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Arcosa in a research note on Wednesday, October 8th. Finally, DA Davidson lifted their price objective on Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Arcosa Trading Up 1.4%

ACA opened at $94.94 on Wednesday. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 50.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. The business has a fifty day moving average price of $95.12 and a 200 day moving average price of $88.88.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The firm had revenue of $515.10 million during the quarter. Sell-side analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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

Insider Transactions at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares of the company's stock, valued at $3,771,572.78. The trade was a 9.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction dated 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 of the company's stock, valued at $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is 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.

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