Strs Ohio Invests $5.29 Million in Arcosa, Inc. $ACA

Key Points

• Strs Ohio has invested approximately $5.29 million in 68,600 shares of Arcosa, Inc. during the first quarter, representing about 0.14% ownership in the company.
• DA Davidson raised Arcosa's price objective from $110.00 to $120.00 while maintaining a "buy" rating, indicating positive analyst sentiment for the stock.
• Arcosa recently declared a quarterly dividend of $0.05 per share, equating to a modest annual yield of 0.2%, with a payout ratio of 10.64%.

Strs Ohio acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 68,600 shares of the company's stock, valued at approximately $5,290,000. Strs Ohio owned 0.14% of Arcosa as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intech Investment Management LLC lifted its holdings in shares of Arcosa by 55.3% during the first quarter. Intech Investment Management LLC now owns 52,448 shares of the company's stock valued at $4,045,000 after acquiring an additional 18,669 shares during the period. Jane Street Group LLC lifted its holdings in shares of Arcosa by 193.8% during the first quarter. Jane Street Group LLC now owns 105,243 shares of the company's stock valued at $8,116,000 after acquiring an additional 69,427 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Arcosa by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company's stock valued at $11,047,000 after acquiring an additional 14,723 shares during the period. United Services Automobile Association bought a new position in shares of Arcosa in the first quarter valued at about $256,000. Finally, Select Equity Group L.P. bought a new position in shares of Arcosa in the first quarter valued at about $4,168,000. 90.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson lifted their price target on Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $112.00.

Insider Transactions at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the sale, the insider owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Arcosa Trading Down 1.3%

ACA stock traded down $1.28 during midday trading on Friday, reaching $95.65. The stock had a trading volume of 580,302 shares, compared to its average volume of 202,354. The business has a fifty day simple moving average of $93.47 and a two-hundred day simple moving average of $86.88. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 50.88 and a beta of 1.00. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.22. The firm had revenue of $736.90 million during the quarter, compared to analyst estimates of $754.20 million. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company's revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. As a group, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Arcosa's dividend payout ratio (DPR) is presently 10.64%.

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.