Arcosa, Inc. (NYSE:ACA) Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Arcosa, Inc. by 19.3% during the first quarter, owning approximately 44,874 shares valued at $3.46 million.
• Arcosa recently reported a quarterly earnings per share of $0.49, exceeding expectations, with a revenue of $632 million, up 5.6% from the previous year.
• The company also declared a quarterly dividend of $0.05 per share, representing an annual yield of 0.2%.

TD Asset Management Inc increased its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 19.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,874 shares of the company's stock after purchasing an additional 7,254 shares during the period. TD Asset Management Inc owned approximately 0.09% of Arcosa worth $3,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Arcosa by 13.7% in the 4th quarter. LPL Financial LLC now owns 8,797 shares of the company's stock valued at $851,000 after buying an additional 1,057 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arcosa by 16.9% in the fourth 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 during the period. Pictet Asset Management Holding SA grew its position in shares of Arcosa by 10.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,851 shares of the company's stock worth $663,000 after acquiring an additional 663 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Arcosa by 14.8% during the 4th quarter. Wells Fargo & Company MN now owns 49,085 shares of the company's stock worth $4,748,000 after purchasing an additional 6,325 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Arcosa in the fourth quarter valued at $544,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Stock Performance

NYSE ACA traded down $0.07 on Wednesday, hitting $85.07. 66,934 shares of the company's stock were exchanged, compared to its average volume of 287,134. The firm's 50-day moving average price is $88.00 and its two-hundred day moving average price is $87.05. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 53.42 and a beta of 1.01. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.98 and a quick ratio of 1.27.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.20. Arcosa had a return on equity of 5.59% and a net margin of 3.00%. 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 previous year, the firm posted $0.73 earnings per share. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa's payout ratio is currently 12.58%.

Insiders Place Their Bets

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares of the company's stock, valued at $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric D. Hurst sold 835 shares of the company's stock in a transaction 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 sale, the vice president directly owned 4,112 shares of the company's stock, valued at approximately $364,199.84. This trade represents a 16.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

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.