TCW Group Inc. Purchases 4,957 Shares of Arcosa, Inc. (NYSE:ACA)

Key Points

• TCW Group Inc. has increased its stake in Arcosa, Inc. by 10.9%, acquiring an additional 4,957 shares to hold a total of 50,630 shares, valued at approximately $3.9 million.
• Arcosa reported a quarterly EPS of $0.49, which exceeded analysts' expectations of $0.29, and its revenue for the quarter was $632 million, surpassing estimates of $613.95 million.
• The company declared a quarterly dividend of $0.05 per share, with an annualized yield of 0.22%, set to be paid on July 31st.

TCW Group Inc. increased its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,630 shares of the company's stock after acquiring an additional 4,957 shares during the period. TCW Group Inc. owned about 0.10% of Arcosa worth $3,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Arcosa during the fourth quarter worth $974,000. LPL Financial LLC grew its holdings in Arcosa by 13.7% during the 4th quarter. LPL Financial LLC now owns 8,797 shares of the company's stock worth $851,000 after acquiring an additional 1,057 shares during the last quarter. Vanguard Group Inc. increased its position in Arcosa by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after acquiring an additional 14,207 shares in the last quarter. JPMorgan Chase & Co. increased its position in Arcosa by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after acquiring an additional 70,919 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Arcosa in the fourth quarter worth about $73,178,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

ACA opened at $90.99 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.98 and a quick ratio of 1.27. The stock has a market capitalization of $4.44 billion, a P/E ratio of 57.23 and a beta of 0.99. The company's 50 day simple moving average is $88.00 and its 200-day simple moving average is $87.46. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. The firm had revenue of $632.00 million for the quarter, compared to analyst estimates of $613.95 million. Arcosa had a return on equity of 5.59% and a net margin of 3.00%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. Sell-side analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given 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 12.58%.

Insider Activity

In related news, VP Eric D. Hurst sold 835 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the transaction, the vice president directly owned 4,112 shares in the company, valued at $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the transaction, the insider directly owned 12,551 shares in the company, valued at approximately $1,084,406.40. The trade was a 40.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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.

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