Intech Investment Management LLC Has $4.05 Million Stock 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 increased its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 55.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,448 shares of the company's stock after purchasing 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.

Several other large investors have also added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in Arcosa by 193.8% during the first quarter. Jane Street Group LLC now owns 105,243 shares of the company's stock worth $8,116,000 after purchasing an additional 69,427 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Arcosa by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company's stock worth $11,047,000 after purchasing an additional 14,723 shares during the period. United Services Automobile Association acquired a new stake in Arcosa during the first quarter worth approximately $256,000. Select Equity Group L.P. acquired a new stake in Arcosa during the first quarter worth approximately $4,168,000. Finally, Punch & Associates Investment Management Inc. grew its stake in Arcosa by 2.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 361,582 shares of the company's stock worth $27,885,000 after purchasing an additional 9,837 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total value of $744,422.40. Following the transaction, the insider owned 12,551 shares in the company, valued at $1,084,406.40. This trade represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the firm'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 transaction, the insider owned 19,769 shares in the company, valued at $1,893,277.13. This represents a 28.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,582 shares of company stock worth $1,903,406 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Arcosa Price Performance

Shares of ACA opened at $95.32 on Friday. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The business's fifty day moving average is $93.01 and its 200 day moving average is $86.56. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.68 billion, a P/E ratio of 50.70 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 analysts' consensus estimates of $1.05 by $0.22. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company had revenue of $736.90 million for the quarter, compared to analysts' expectations of $754.20 million. During the same period last year, the business earned $0.91 EPS. Arcosa's quarterly revenue was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, DA Davidson raised their target price on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $112.00.

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.

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