Arcosa, Inc. (NYSE:ACA) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. lessened its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,013 shares of the company's stock after selling 32,330 shares during the quarter. Natixis Advisors L.P. owned approximately 0.08% of Arcosa worth $3,057,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ACA. Commonwealth Equity Services LLC grew its holdings in shares of Arcosa by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 8,961 shares of the company's stock worth $644,000 after purchasing an additional 905 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Arcosa by 0.5% during the third quarter. Raymond James & Associates now owns 31,555 shares of the company's stock worth $2,269,000 after buying an additional 157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Arcosa by 9.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,604 shares of the company's stock worth $691,000 after buying an additional 851 shares during the period. Advisor Partners II LLC boosted its stake in shares of Arcosa by 105.2% during the third quarter. Advisor Partners II LLC now owns 6,661 shares of the company's stock worth $479,000 after buying an additional 3,415 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Arcosa by 49.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,001 shares of the company's stock worth $144,000 after buying an additional 659 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Stock Performance

NYSE:ACA traded down $0.66 during mid-day trading on Monday, reaching $87.65. The stock had a trading volume of 108,494 shares, compared to its average volume of 227,071. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.28. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 30.02 and a beta of 0.69. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $89.17. The business has a 50 day simple moving average of $82.24 and a 200 day simple moving average of $79.39.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.21. Arcosa had a net margin of 6.05% and a return on equity of 6.13%. The company had revenue of $598.60 million during the quarter, compared to analysts' expectations of $580.06 million. During the same period last year, the company posted $1.06 earnings per share. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts expect that Arcosa, Inc. will post 3.43 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. Arcosa's dividend payout ratio (DPR) is presently 6.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ACA shares. DA Davidson increased their target price on shares of Arcosa from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Oppenheimer increased their target price on shares of Arcosa from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $90.00.

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.