Arcosa, Inc. (NYSE:ACA) Shares Acquired by TCW Group Inc.

TCW Group Inc. lifted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,337 shares of the company’s stock after purchasing an additional 1,537 shares during the period. TCW Group Inc.’s holdings in Arcosa were worth $2,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Arcosa in the 4th quarter valued at $45,468,000. Impax Asset Management Group plc grew its holdings in shares of Arcosa by 138.5% during the fourth quarter. Impax Asset Management Group plc now owns 155,000 shares of the company’s stock worth $12,809,000 after buying an additional 90,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Arcosa by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company’s stock valued at $396,705,000 after purchasing an additional 68,240 shares during the period. FMR LLC lifted its position in Arcosa by 224.6% during the third quarter. FMR LLC now owns 69,963 shares of the company’s stock valued at $5,030,000 after buying an additional 48,411 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Arcosa by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,860,854 shares of the company’s stock valued at $236,424,000 after buying an additional 39,008 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kerry S. Cole sold 10,978 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the sale, 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 SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Arcosa Stock Performance

Shares of NYSE:ACA traded up $1.66 during trading on Friday, reaching $87.24. The stock had a trading volume of 219,619 shares, compared to its average volume of 226,456. The stock has a fifty day simple moving average of $82.88 and a two-hundred day simple moving average of $80.50. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 29.88 and a beta of 0.69. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. Arcosa, Inc. has a 52 week low of $61.98 and a 52 week high of $89.44.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 firm had revenue of $598.60 million for the quarter, compared to the consensus estimate of $580.06 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that Arcosa, Inc. will post 3.43 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa’s dividend payout ratio is currently 6.85%.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent analyst reports. Oppenheimer upped their price target on shares of Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. DA Davidson upped their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Arcosa presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.