Silvercrest Asset Management Group LLC raised its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,107,833 shares of the company's stock after buying an additional 42,842 shares during the period. Arcosa comprises about 0.7% of Silvercrest Asset Management Group LLC's holdings, making the stock its 27th largest position. Silvercrest Asset Management Group LLC owned approximately 2.27% of Arcosa worth $107,172,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company's stock valued at $7,750,000 after purchasing an additional 62,804 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Arcosa during the 4th quarter worth approximately $536,000. Nisa Investment Advisors LLC boosted its stake in shares of Arcosa by 8.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,092 shares of the company's stock worth $589,000 after buying an additional 463 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Arcosa by 16.4% in the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock valued at $118,000 after acquiring an additional 175 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Arcosa by 52.2% during the fourth quarter. KBC Group NV now owns 2,168 shares of the company's stock valued at $210,000 after acquiring an additional 744 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Arcosa Stock Performance
ACA stock traded down $1.73 during midday trading on Wednesday, hitting $85.62. The company's stock had a trading volume of 44,466 shares, compared to its average volume of 269,801. The stock's 50-day moving average price is $80.61 and its 200 day moving average price is $92.67. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 32.62 and a beta of 1.00. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43.
Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.29 by $0.20. The business had revenue of $632.00 million for the quarter, compared to analyst estimates of $613.95 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.
Arcosa Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa's payout ratio is 12.58%.
Insider Buying and Selling at Arcosa
In other news, VP Eric D. Hurst sold 835 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $88.57, for a total value of $73,955.95. Following the sale, the vice president now owns 4,112 shares of the company's stock, valued at $364,199.84. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.
About Arcosa
(
Free Report)
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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