Arcosa, Inc. (NYSE:ACA) Shares Sold by Man Group plc

Man Group plc cut its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 69.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,227 shares of the company's stock after selling 4,961 shares during the quarter. Man Group plc's holdings in Arcosa were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ACA. Proficio Capital Partners LLC purchased a new position in shares of Arcosa in the fourth quarter worth $30,000. Flagship Wealth Advisors LLC bought a new position in shares of Arcosa in the fourth quarter worth about $52,000. AlphaQuest LLC boosted its stake in shares of Arcosa by 12,050.0% in the fourth quarter. AlphaQuest LLC now owns 729 shares of the company's stock worth $71,000 after acquiring an additional 723 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Arcosa by 1,044.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock worth $92,000 after acquiring an additional 867 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Arcosa by 16.4% in the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after acquiring an additional 175 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Activity at Arcosa

In other news, VP Eric D. Hurst sold 835 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 in the company, valued at $364,199.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Arcosa Price Performance

Arcosa stock traded up $0.07 during midday trading on Thursday, reaching $86.13. 135,791 shares of the stock traded hands, compared to its average volume of 269,726. The stock's fifty day moving average is $81.28 and its 200-day moving average is $91.94. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The stock has a market cap of $4.20 billion, a P/E ratio of 32.75 and a beta of 1.00. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

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

Arcosa Announces Dividend

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