Two Sigma Advisers LP Reduces Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Two Sigma Advisers LP lowered its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the company's stock after selling 2,900 shares during the quarter. Two Sigma Advisers LP's holdings in Arcosa were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Arcosa by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock valued at $63,740,000 after purchasing an additional 14,708 shares during the period. JPMorgan Chase & Co. lifted its stake in Arcosa by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock worth $47,495,000 after acquiring an additional 70,919 shares during the period. Raymond James Financial Inc. purchased a new stake in Arcosa in the fourth quarter worth $15,919,000. Proficio Capital Partners LLC purchased a new stake in Arcosa in the fourth quarter worth $30,000. Finally, TCW Group Inc. lifted its stake in Arcosa by 11.0% in the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company's stock worth $4,418,000 after acquiring an additional 4,539 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity

In related news, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $88.57, for a total value of $73,955.95. Following the completion of the sale, the vice president now directly owns 4,112 shares in the company, valued at approximately $364,199.84. This trade represents a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Arcosa Trading Up 0.6%

ACA stock traded up $0.56 on Friday, reaching $89.48. The company's stock had a trading volume of 174,632 shares, compared to its average volume of 268,606. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The firm has a market cap of $4.37 billion, a PE ratio of 34.02 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The business has a fifty day simple moving average of $82.20 and a two-hundred day simple moving average of $91.19.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. During the same period last year, the company earned $0.73 earnings per share. The company's revenue was up 5.6% on a year-over-year basis. As a group, research analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. Arcosa's payout ratio is presently 12.58%.

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.