Allianz Asset Management GmbH Has $2.80 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Key Points

• Allianz Asset Management GmbH has reduced its position in Arcosa, Inc. by 52.4% during the first quarter, now owning approximately 36,273 shares valued at $2.8 million.
• Arcosa reported a quarterly EPS of $0.49, surpassing expectations, and a revenue increase of 5.6% year-over-year, totaling $632 million.
• The company announced a quarterly dividend of $0.05 per share, which will be payable on July 31st, with a yield of 0.23%.

Allianz Asset Management GmbH decreased its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 52.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,273 shares of the company's stock after selling 39,934 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.07% of Arcosa worth $2,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACA. Xponance Inc. increased its holdings in Arcosa by 4.3% in the first quarter. Xponance Inc. now owns 3,654 shares of the company's stock valued at $282,000 after buying an additional 149 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Arcosa by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock valued at $486,000 after acquiring an additional 218 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Arcosa by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock worth $491,000 after purchasing an additional 235 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in Arcosa by 3.1% in the first quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company's stock worth $706,000 after purchasing an additional 277 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Arcosa by 12.7% in the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock worth $245,000 after purchasing 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 other Arcosa news, VP Eric D. Hurst sold 835 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the sale, the vice president owned 4,112 shares in the company, valued at approximately $364,199.84. The trade was a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares of the company's stock, valued at approximately $1,084,406.40. This trade represents 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 corporate insiders.

Arcosa Stock Performance

Shares of NYSE:ACA traded down $0.74 on Wednesday, reaching $87.26. 303,290 shares of the company's stock were exchanged, compared to its average volume of 254,649. The business's 50-day moving average is $88.03 and its two-hundred day moving average is $87.44. The company has a quick ratio of 1.27, a current ratio of 1.98 and a debt-to-equity ratio of 0.68. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 54.88 and a beta of 0.99.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share 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 for the quarter, compared to analyst estimates of $613.95 million. During the same period last year, the company earned $0.73 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The firm 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's dividend payout ratio (DPR) is presently 12.58%.

Arcosa Company 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.