GAMMA Investing LLC Acquires 82,110 Shares of Arcosa, Inc. (NYSE:ACA)

GAMMA Investing LLC raised its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 24,806.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,441 shares of the company's stock after purchasing an additional 82,110 shares during the period. GAMMA Investing LLC owned 0.17% of Arcosa worth $63,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock worth $548,143,000 after buying an additional 14,207 shares during the last quarter. Neuberger Berman Group LLC grew its position in Arcosa by 21.6% in the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock worth $291,831,000 after purchasing an additional 536,349 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Arcosa by 3.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock worth $164,721,000 after purchasing an additional 60,818 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of 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 buying an additional 42,842 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after buying an additional 265,056 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Performance

ACA stock traded up $1.03 during trading on Thursday, reaching $88.79. 216,525 shares of the stock were exchanged, compared to its average volume of 267,477. The stock has a 50 day simple moving average of $81.74 and a 200-day simple moving average of $91.50. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.33 billion, a P/E ratio of 33.76 and a beta of 1.00. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. The business had revenue of $632.00 million for 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's payout ratio is 12.58%.

Insider Activity

In related news, VP Eric D. Hurst sold 835 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total value of $73,955.95. Following the sale, the vice president now owns 4,112 shares of the company's stock, valued at $364,199.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Arcosa 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.