Principal Financial Group Inc. Acquires 6,335 Shares of Arcosa, Inc. (NYSE:ACA)

Principal Financial Group Inc. grew its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in Arcosa in the 1st quarter worth $550,000. Consolidated Investment Group LLC raised its holdings in Arcosa by 2.4% in the 1st quarter. Consolidated Investment Group LLC now owns 50,300 shares of the company's stock worth $3,879,000 after purchasing an additional 1,200 shares during the period. QRG Capital Management Inc. raised its holdings in Arcosa by 12.7% in the 1st quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock worth $245,000 after purchasing an additional 357 shares during the period. SG Americas Securities LLC raised its holdings in Arcosa by 267.7% in the 1st quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock worth $844,000 after purchasing an additional 7,972 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after purchasing an additional 738 shares during the period. 90.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the stock in a transaction on Thursday, May 15th. The stock was 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 owned 4,112 shares in the company, valued at approximately $364,199.84. This represents a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the sale, the insider owned 12,551 shares of the company's stock, valued at $1,084,406.40. The trade was a 40.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Arcosa Stock Performance

Arcosa stock traded down $2.10 during trading on Friday, reaching $89.74. The company had a trading volume of 264,699 shares, compared to its average volume of 274,139. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The firm's 50-day simple moving average is $87.56 and its 200 day simple moving average is $88.05. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 56.44 and a beta of 0.99. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.49 EPS 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 for the quarter, compared to analysts' expectations of $613.95 million. During the same period last year, the firm earned $0.73 EPS. Arcosa's revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.22%. Arcosa's 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.