Mutual of America Capital Management LLC Has $7.98 Million Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Mutual of America Capital Management LLC cut its holdings in Arcosa, Inc. (NYSE:ACA) by 3.3% in the third quarter, Holdings Channel.com reports. The fund owned 84,252 shares of the company’s stock after selling 2,903 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arcosa were worth $7,984,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of Arcosa by 272.6% in the first quarter. Boston Partners now owns 220,961 shares of the company’s stock worth $18,947,000 after buying an additional 161,662 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after buying an additional 117,892 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Arcosa in the second quarter worth $8,915,000. Synergy Asset Management LLC lifted its stake in shares of Arcosa by 88.5% in the second quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock worth $9,600,000 after buying an additional 54,045 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Arcosa by 378.5% in the second quarter. Millennium Management LLC now owns 54,358 shares of the company’s stock worth $4,534,000 after buying an additional 42,997 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of analyst reports. Barclays initiated coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective for the company. Stephens raised shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th. Finally, Oppenheimer boosted their target price on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Arcosa Trading Up 2.2 %

Shares of ACA stock opened at $103.65 on Tuesday. Arcosa, Inc. has a 1 year low of $72.70 and a 1 year high of $107.79. The firm’s fifty day simple moving average is $95.13 and its 200 day simple moving average is $89.14. The firm has a market capitalization of $5.06 billion, a P/E ratio of 39.41 and a beta of 0.71. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. Arcosa’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, sell-side analysts predict that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Insider Buying and Selling at Arcosa

In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. This represents a 152.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

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.