Kerry S. Cole Sells 7,966 Shares of Arcosa, Inc. (NYSE:ACA) Stock

Key Points

• Kerry S. Cole, an insider at Arcosa, Inc., sold 7,966 shares of stock for approximately $762,903.82, reducing their ownership by 28.72%.
• Arcosa reported a quarterly EPS of $1.27, exceeding estimates, with revenues of $736.90 million, a 10.9% increase year-over-year.
• DA Davidson raised its price target for Arcosa shares from $110.00 to $120.00, maintaining a "buy" rating.

Arcosa, Inc. (NYSE:ACA - Get Free Report) insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction 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. The trade was a 28.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arcosa Price Performance

ACA traded down $0.15 on Monday, hitting $95.77. 519,241 shares of the company were exchanged, compared to its average volume of 293,838. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. The business's fifty day moving average is $88.15 and its 200 day moving average is $86.72. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The firm has a market capitalization of $4.68 billion, a P/E ratio of 50.94 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.05 by $0.22. The business 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 company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa's dividend payout ratio (DPR) is currently 10.64%.

Analyst Ratings Changes

Separately, DA Davidson increased their price target on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday.

Hedge Funds Weigh In On Arcosa

A number of large investors have recently bought and sold shares of ACA. Banque Cantonale Vaudoise purchased a new position in shares of Arcosa in the 1st quarter valued at $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Arcosa in the 2nd quarter valued at $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Arcosa during the 2nd quarter valued at $51,000. Versant Capital Management Inc grew its holdings in Arcosa by 81.5% during the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after purchasing an additional 361 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Arcosa by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 939 shares of the company's stock valued at $81,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 90.66% 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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