68,600 Shares in Arcosa, Inc. $ACA Acquired by Strs Ohio

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 bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,600 shares of the company's stock, valued at approximately $5,290,000. Strs Ohio owned 0.14% of Arcosa at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Arcosa in the first quarter valued at $33,982,000. T. Rowe Price Investment Management Inc. boosted its holdings in Arcosa by 17.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock worth $153,719,000 after buying an additional 290,523 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Arcosa by 197.7% during the 4th quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock valued at $27,287,000 after purchasing an additional 187,306 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Arcosa by 3.5% during the 1st quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock valued at $240,884,000 after purchasing an additional 105,473 shares in the last quarter. Finally, Pacific Capital Partners Ltd bought a new stake in Arcosa in the 1st quarter valued at approximately $6,748,000. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Arcosa Price Performance

Shares of NYSE:ACA traded down $0.96 during trading on Tuesday, reaching $94.06. 163,372 shares of the company traded hands, compared to its average volume of 204,510. The company's 50 day moving average is $93.21 and its two-hundred day moving average is $86.61. The firm has a market capitalization of $4.61 billion, a PE ratio of 50.03 and a beta of 1.00. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43.

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

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.05 per share. 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 10.64%.

Insiders Place Their Bets

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction on 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 directly owned 19,769 shares of the company's stock, valued at $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the transaction, the insider owned 38,089 shares of the company's stock, valued at approximately $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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.