Pacific Capital Partners Ltd Cuts Position in Arcosa, Inc. $ACA

Key Points

• Pacific Capital Partners Ltd has reduced its stake in Arcosa, Inc. by 34.3%, now holding 57,500 shares valued at approximately $4.99 million, making it their 5th largest position.
• Arcosa's recent quarterly earnings surpassed estimates, reporting $1.27 per share against a consensus of $1.05, with a year-over-year revenue increase of 10.9%.
• The company has declared a quarterly dividend of $0.05 per share, scheduled for payment on October 31st, reflecting a modest annualized yield of 0.2%.

Pacific Capital Partners Ltd decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 34.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,500 shares of the company's stock after selling 30,000 shares during the quarter. Arcosa makes up about 4.7% of Pacific Capital Partners Ltd's holdings, making the stock its 5th biggest position. Pacific Capital Partners Ltd owned approximately 0.12% of Arcosa worth $4,986,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Nuveen LLC acquired a new position in Arcosa in the 1st quarter valued at $33,982,000. T. Rowe Price Investment Management Inc. grew its position in Arcosa by 17.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock worth $153,719,000 after purchasing an additional 290,523 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Arcosa by 197.7% during the 4th quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock worth $27,287,000 after acquiring an additional 187,306 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Arcosa by 3.5% during the 1st quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock worth $240,884,000 after acquiring an additional 105,473 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Arcosa by 24,806.6% during the 1st quarter. GAMMA Investing LLC now owns 82,441 shares of the company's stock worth $63,580,000 after acquiring an additional 82,110 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Trading Down 1.0%

NYSE ACA traded down $0.96 during trading on Tuesday, reaching $94.06. 163,372 shares of the stock traded hands, compared to its average volume of 204,510. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 50.03 and a beta of 1.00. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. 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's 50-day moving average price is $93.21 and its 200 day moving average price is $86.61.

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

Arcosa Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Arcosa's dividend payout ratio is 10.64%.

Wall Street Analyst Weigh In

Separately, DA Davidson lifted their price target on shares of Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, August 11th. Three 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 an average target price of $112.00.

Insider Activity at Arcosa

In other news, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction 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 sale, the insider owned 19,769 shares of the company's stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction 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 directly owned 38,089 shares in the company, valued at approximately $3,771,572.78. This represents a 9.50% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate 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.