Intech Investment Management LLC Grows Holdings in Arcosa, Inc. $ACA

Key Points

• Intech Investment Management LLC increased its holdings in Arcosa, Inc. by 55.3%, owning $4.05 million worth of shares after purchasing an additional 18,669 shares in the 1st quarter.
• Arcosa recently announced a quarterly dividend of $0.05, with an ex-dividend date of October 15th, reflecting a 0.2% yield.
• DA Davidson raised its target price for Arcosa from $110.00 to $120.00 and rated the stock as a "buy." Three analysts currently have a "buy" rating on the stock.

Intech Investment Management LLC lifted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 55.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,448 shares of the company's stock after acquiring an additional 18,669 shares during the period. Intech Investment Management LLC owned approximately 0.11% of Arcosa worth $4,045,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of Arcosa during the first quarter worth $28,000. Versant Capital Management Inc grew its position in Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC grew its position in Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after purchasing an additional 738 shares in the last quarter. AlphaQuest LLC grew its position in Arcosa by 56.7% in the first quarter. AlphaQuest LLC now owns 1,142 shares of the company's stock valued at $88,000 after purchasing an additional 413 shares in the last quarter. Finally, SouthState Corp bought a new position in Arcosa in the first quarter valued at $163,000. Institutional investors own 90.66% of the company's stock.

Arcosa Trading Up 3.9%

Shares of NYSE:ACA traded up $3.67 during trading on Thursday, reaching $97.27. The stock had a trading volume of 78,038 shares, compared to its average volume of 282,999. The firm's fifty day moving average is $93.25 and its 200 day moving average is $86.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 51.75 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.22. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The business had revenue of $736.90 million for the quarter, compared to analyst estimates of $754.20 million. During the same period in the prior year, the firm earned $0.91 earnings per share. Arcosa's revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Arcosa's dividend payout ratio (DPR) is 10.64%.

Analyst Ratings Changes

Separately, DA Davidson raised their target price on shares of Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $112.00.

Insider Activity

In other news, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the sale, the insider directly owned 19,769 shares in the company, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider owned 38,089 shares of the company's stock, valued at approximately $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.