Arcosa, Inc. (NYSE:ACA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 148,525 shares of the company's stock after selling 5,078 shares during the quarter. Rhumbline Advisers owned about 0.30% of Arcosa worth $11,454,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Arcosa by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after buying an additional 14,207 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Arcosa by 21.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after acquiring an additional 536,349 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Arcosa by 3.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock worth $164,721,000 after acquiring an additional 60,818 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of Arcosa by 4.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock worth $107,172,000 after buying an additional 42,842 shares during the period. Finally, Capital International Investors raised its position in shares of Arcosa by 42.5% in the 4th quarter. Capital International Investors now owns 888,559 shares of the company's stock worth $85,959,000 after acquiring an additional 265,056 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Insiders Place Their Bets

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total transaction of $73,955.95. Following the sale, the vice president now owns 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Arcosa Stock Down 2.5%

Shares of NYSE ACA traded down $2.18 during trading on Friday, hitting $85.53. 317,767 shares of the company traded hands, compared to its average volume of 269,691. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The business's fifty day moving average is $83.60 and its 200 day moving average is $90.57. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 32.52 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.20. The company had revenue of $632.00 million during the quarter, compared to analysts' expectations of $613.95 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. During the same period in the previous year, the business earned $0.73 earnings per share. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's payout ratio is presently 12.58%.

Arcosa 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.