Arcosa, Inc. $ACA Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its position in Arcosa, Inc., raising its stake by 4.9% to approximately $14.4 million, owning about 0.38% of the company.
• Analysts have raised their price target for Arcosa from $110 to $120, with a consensus rating of "Buy" and an average price target of $112.
• Arcosa has announced a quarterly dividend of $0.05 per share, to be paid on October 31st, representing a 0.2% annual yield.

Voya Investment Management LLC increased its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,723 shares of the company's stock after purchasing an additional 8,730 shares during the quarter. Voya Investment Management LLC owned 0.38% of Arcosa worth $14,400,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of Arcosa during the 1st quarter worth about $33,982,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Arcosa by 17.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock worth $153,719,000 after purchasing an additional 290,523 shares during the last quarter. Neuberger Berman Group LLC boosted its stake 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 worth $240,884,000 after purchasing an additional 105,473 shares during the last quarter. Pacific Capital Partners Ltd acquired a new stake in shares of Arcosa during the 1st quarter worth about $6,748,000. Finally, GAMMA Investing LLC boosted its stake in shares of Arcosa by 24,806.6% during the 1st quarter. GAMMA Investing LLC now owns 82,441 shares of the company's stock worth $63,580,000 after purchasing an additional 82,110 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Arcosa Stock Down 1.3%

Shares of ACA traded down $1.28 during mid-day trading on Friday, reaching $95.65. 580,302 shares of the stock traded hands, compared to its average volume of 202,354. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 50.88 and a beta of 1.00. The stock has a fifty day simple moving average of $93.47 and a 200 day simple moving average of $86.88. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. 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 (NYSE:ACA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.22. The company had revenue of $736.90 million for the quarter, compared to analyst estimates of $754.20 million. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. Sell-side analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

Insiders Place Their Bets

In other Arcosa news, 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 $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction on Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the transaction, the insider directly owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. This represents a 28.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% 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.