Arcosa, Inc. (NYSE:ACA) is Harbor Capital Advisors Inc.'s 10th Largest Position

Harbor Capital Advisors Inc. boosted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,734 shares of the company's stock after acquiring an additional 15,968 shares during the quarter. Arcosa comprises 0.7% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 10th biggest holding. Harbor Capital Advisors Inc. owned 0.44% of Arcosa worth $16,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ACA. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Arcosa in the 4th quarter valued at $1,132,000. Principal Financial Group Inc. raised its stake in shares of Arcosa by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 236,543 shares of the company's stock worth $22,883,000 after buying an additional 6,577 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Arcosa in the 4th quarter valued at approximately $161,000. Handelsbanken Fonder AB grew its holdings in Arcosa by 13.1% during the fourth quarter. Handelsbanken Fonder AB now owns 11,200 shares of the company's stock worth $1,083,000 after acquiring an additional 1,300 shares during the period. Finally, Capital Advisory Group Advisory Services LLC acquired a new stake in Arcosa in the fourth quarter valued at $237,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Price Performance

Shares of NYSE ACA traded down $0.33 during trading on Tuesday, hitting $89.61. 215,357 shares of the company were exchanged, compared to its average volume of 267,925. The firm's fifty day moving average price is $82.37 and its 200 day moving average price is $90.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 34.07 and a beta of 1.01. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.29 by $0.20. The business had revenue of $632.00 million for the quarter, compared to analyst estimates of $613.95 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. On average, sell-side analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Insider Buying and Selling

In related news, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the completion of the transaction, the vice president now directly owns 4,112 shares in the company, valued at $364,199.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

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.