Arcosa, Inc. (NYSE:ACA) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC decreased its position in shares of Arcosa, Inc. (NYSE:ACA) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,016 shares of the company’s stock after selling 230 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Arcosa were worth $1,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of Arcosa by 2.9% during the second quarter. Victory Capital Management Inc. now owns 16,078 shares of the company’s stock worth $1,341,000 after purchasing an additional 454 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Arcosa by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 12,449 shares of the company’s stock valued at $1,038,000 after buying an additional 339 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Arcosa by 47.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,166 shares of the company’s stock worth $598,000 after buying an additional 2,312 shares during the last quarter. Greenwich Wealth Management LLC acquired a new stake in Arcosa during the second quarter worth about $967,000. Finally, Renaissance Technologies LLC purchased a new position in Arcosa during the second quarter valued at approximately $1,902,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of NYSE ACA traded up $0.81 during mid-day trading on Monday, reaching $93.10. The company’s stock had a trading volume of 244,033 shares, compared to its average volume of 209,476. The stock has a market capitalization of $4.54 billion, a P/E ratio of 35.40 and a beta of 0.76. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The stock has a 50-day moving average of $103.10 and a two-hundred day moving average of $93.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. Arcosa’s dividend payout ratio is presently 7.60%.

Analyst Ratings Changes

Separately, Barclays assumed coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the 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.