Arcosa, Inc. (ACA) To Go Ex-Dividend on October 15th

Arcosa, Inc. (NYSE:ACA) declared a quarterly dividend on Wednesday, September 10th, RTT News reports. Stockholders of record on Wednesday, October 15th will be given a dividend of 0.05 per share on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th.

Arcosa has a dividend payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Arcosa to earn $4.56 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.4%.

Arcosa Trading Down 2.1%

Shares of ACA stock opened at $89.19 on Monday. The business has a 50-day moving average of $94.70 and a 200 day moving average of $88.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. Arcosa has a 1-year low of $68.11 and a 1-year high of $113.43. The stock has a market capitalization of $4.37 billion, a PE ratio of 47.44 and a beta of 0.98.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. The firm had revenue of $515.10 million during the quarter. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. As a group, sell-side analysts anticipate that Arcosa will post 3.23 earnings per share for the current year.

Insider Buying and Selling at Arcosa

In other news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares of the company’s stock, valued at approximately $3,771,572.78. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa 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 sale, the insider directly owned 19,769 shares in the company, valued at $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACA. Farmers Trust Co. bought a new position in Arcosa in the third quarter worth $501,000. Corient Private Wealth LLC bought a new position in shares of Arcosa during the second quarter valued at $244,000. Thrivent Financial for Lutherans raised its position in Arcosa by 10.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 103,725 shares of the company’s stock worth $8,994,000 after buying an additional 9,843 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Arcosa by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 166,442 shares of the company’s stock worth $14,432,000 after acquiring an additional 11,717 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Arcosa by 127.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,956 shares of the company’s stock valued at $603,000 after buying an additional 3,895 shares during the period. Hedge funds and other institutional investors own 90.66% 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.