Bank of America Corp DE Increases Stake in Arcosa, Inc. (NYSE:ACA)

Bank of America Corp DE increased its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 197.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,061 shares of the company's stock after purchasing an additional 187,306 shares during the period. Bank of America Corp DE owned 0.58% of Arcosa worth $27,287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Arizona State Retirement System raised its stake in shares of Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock worth $1,370,000 after purchasing an additional 170 shares during the last quarter. Blue Trust Inc. lifted its holdings in Arcosa by 16.4% during the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock valued at $118,000 after purchasing an additional 175 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Arcosa by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock valued at $491,000 after buying an additional 235 shares in the last quarter. HighTower Advisors LLC raised its stake in Arcosa by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock valued at $7,054,000 after purchasing an additional 284 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Arcosa by 10.0% during the 4th quarter. Xponance Inc. now owns 3,505 shares of the company's stock worth $339,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Trading Down 0.1%

Shares of ACA stock traded down $0.10 on Thursday, hitting $85.11. 61,306 shares of the stock traded hands, compared to its average volume of 269,659. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The firm's 50-day moving average price is $80.70 and its two-hundred day moving average price is $92.62. The stock has a market capitalization of $4.15 billion, a PE ratio of 32.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. The company had revenue of $632.00 million during the quarter, compared to analysts' expectations of $613.95 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. Arcosa's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. As a group, analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa's dividend payout ratio is currently 12.58%.

Insider Buying and Selling

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total transaction of $73,955.95. Following the transaction, the vice president now directly owns 4,112 shares of the company's stock, valued at approximately $364,199.84. This trade represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

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.