Arcosa, Inc. (NYSE:ACA) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc trimmed its position in shares of Arcosa, Inc. (NYSE:ACA) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,988 shares of the company’s stock after selling 398 shares during the period. AdvisorNet Financial Inc’s holdings in Arcosa were worth $772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mariner LLC raised its position in shares of Arcosa by 2.5% during the 3rd quarter. Mariner LLC now owns 7,090 shares of the company’s stock worth $510,000 after buying an additional 176 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Arcosa by 22.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock valued at $89,000 after acquiring an additional 200 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Arcosa by 2.1% during the fourth quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock valued at $1,635,000 after acquiring an additional 399 shares during the period. Criterion Capital Advisors LLC acquired a new stake in shares of Arcosa during the fourth quarter valued at approximately $33,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Arcosa during the fourth quarter valued at approximately $33,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kerry S. Cole sold 10,978 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total transaction of $973,858.38. Following the completion of the transaction, the insider now directly owns 18,527 shares of the company’s stock, valued at approximately $1,643,530.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their price objective on shares of Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Arcosa Stock Performance

NYSE:ACA traded up $1.06 during trading hours on Monday, hitting $84.91. 44,863 shares of the company traded hands, compared to its average volume of 220,889. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 28.72 and a beta of 0.77. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $89.44. The firm has a 50-day moving average of $83.55 and a 200 day moving average of $82.25. The company has a current ratio of 2.28, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25.

Arcosa (NYSE:ACA) last announced its quarterly earnings data 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 quarter in the prior year, the company posted $1.06 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that Arcosa, Inc. will post 3.58 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Monday, July 15th. Arcosa’s dividend payout ratio (DPR) is presently 6.85%.

About Arcosa

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.