Point72 Asset Management L.P. Sells 72,479 Shares of Arcosa, Inc. (NYSE:ACA)

Point72 Asset Management L.P. lowered its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 78.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,033 shares of the company's stock after selling 72,479 shares during the period. Point72 Asset Management L.P.'s holdings in Arcosa were worth $1,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACA. Barclays PLC lifted its position in shares of Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company's stock worth $7,750,000 after purchasing an additional 62,804 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Arcosa during the 4th quarter worth about $536,000. Nisa Investment Advisors LLC lifted its position in shares of Arcosa by 8.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,092 shares of the company's stock worth $589,000 after purchasing an additional 463 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after purchasing an additional 175 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Arcosa by 52.2% during the 4th quarter. KBC Group NV now owns 2,168 shares of the company's stock worth $210,000 after purchasing an additional 744 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity at Arcosa

In related news, VP Eric D. Hurst sold 835 shares of the business's stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Arcosa Stock Performance

Shares of NYSE ACA traded up $1.92 during trading hours on Tuesday, hitting $86.60. 21,830 shares of the company's stock were exchanged, compared to its average volume of 268,876. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 32.93 and a beta of 1.00. The company's 50-day moving average price is $80.91 and its 200-day moving average price is $92.15.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $613.95 million. During the same period in the previous year, the company posted $0.73 earnings per share. The company's quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company 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 dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa's dividend payout ratio is 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.