Edgestream Partners L.P. Takes $3.32 Million Position in Arcosa, Inc. (NYSE:ACA)

Edgestream Partners L.P. purchased a new position in Arcosa, Inc. (NYSE:ACA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,034 shares of the company's stock, valued at approximately $3,319,000. Edgestream Partners L.P. owned approximately 0.09% of Arcosa at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Arcosa by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock worth $548,143,000 after purchasing an additional 14,207 shares in the last quarter. Neuberger Berman Group LLC raised its position in Arcosa by 21.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after acquiring an additional 536,349 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Arcosa by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock valued at $164,721,000 after acquiring an additional 60,818 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Arcosa by 4.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock valued at $107,172,000 after acquiring an additional 42,842 shares in the last quarter. Finally, Capital International Investors raised its position in Arcosa by 42.5% during the fourth quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after acquiring an additional 265,056 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the transaction, the vice president owned 4,112 shares of the company's stock, valued at $364,199.84. This trade represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa 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 transaction, the insider directly owned 12,551 shares in the company, valued at approximately $1,084,406.40. This represents a 40.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Arcosa Stock Down 0.2%

ACA traded down $0.15 during midday trading on Friday, hitting $89.93. 548,549 shares of the company's stock traded hands, compared to its average volume of 274,882. The company has a market cap of $4.39 billion, a PE ratio of 56.56 and a beta of 0.99. The stock's fifty day simple moving average is $87.88 and its 200-day simple moving average is $87.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.98 and a quick ratio of 1.27. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.20. The firm had revenue of $632.00 million for the quarter, compared to analyst estimates of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. As a group, equities analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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 given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's dividend payout ratio is 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.