Sherbrooke Park Advisers LLC Invests $318,000 in Arcosa, Inc. (NYSE:ACA)

Sherbrooke Park Advisers LLC purchased a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,290 shares of the company's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ACA. Norges Bank bought a new stake in shares of Arcosa in the 4th quarter valued at about $73,178,000. Neuberger Berman Group LLC increased its stake in shares of Arcosa by 21.6% in the 4th 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. Capital International Investors increased its stake in shares of Arcosa by 42.5% in the 4th quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after acquiring an additional 265,056 shares during the last quarter. Oberweis Asset Management Inc. bought a new stake in shares of Arcosa in the 4th quarter valued at about $19,638,000. Finally, Bank of America Corp DE increased its stake in shares of Arcosa by 197.7% in the 4th quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock valued at $27,287,000 after acquiring an additional 187,306 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Eric D. Hurst sold 835 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the completion of the sale, the vice president now directly owns 4,112 shares of the company's stock, valued at approximately $364,199.84. This represents a 16.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Arcosa Trading Down 0.1%

Shares of ACA stock traded down $0.09 on Friday, reaching $84.69. The company had a trading volume of 162,871 shares, compared to its average volume of 269,857. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.13 billion, a PE ratio of 32.20 and a beta of 1.00. The company has a 50-day moving average of $80.85 and a 200-day moving average of $92.37. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. 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 prior year, the business posted $0.73 EPS. Arcosa's revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced 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 is Tuesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. Arcosa's payout ratio is 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.