Principal Financial Group Inc. Increases Stake in Arcosa, Inc. (NYSE:ACA)

Principal Financial Group Inc. grew its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,878 shares of the company's stock after buying an additional 6,335 shares during the quarter. Principal Financial Group Inc. owned 0.50% of Arcosa worth $18,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Arcosa by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock valued at $63,740,000 after acquiring an additional 14,708 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Arcosa by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after purchasing an additional 70,919 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Arcosa by 267.7% in the first quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock valued at $844,000 after purchasing an additional 7,972 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Arcosa during the 4th quarter worth approximately $15,919,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Arcosa during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity

In other Arcosa news, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the completion of the sale, the vice president directly owned 4,112 shares of the company's stock, valued at approximately $364,199.84. The trade was a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction 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 directly owned 12,551 shares in the company, valued at approximately $1,084,406.40. This represents a 40.70% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Arcosa Price Performance

ACA stock traded down $0.40 on Monday, reaching $89.33. The company had a trading volume of 258,874 shares, compared to its average volume of 274,109. The company's fifty day moving average is $87.56 and its 200 day moving average is $87.97. The company has a market cap of $4.36 billion, a P/E ratio of 56.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.27 and a current ratio of 1.98. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results 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 5.59% and a net margin of 3.00%. The company had revenue of $632.00 million during the quarter, compared to analysts' expectations of $613.95 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa's dividend payout ratio (DPR) 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.