Gamco Investors INC. ET AL Sells 5,523 Shares of Arcosa, Inc. (NYSE:ACA)

Gamco Investors INC. ET AL decreased its position in shares of Arcosa, Inc. (NYSE:ACA) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,314 shares of the company’s stock after selling 5,523 shares during the period. Gamco Investors INC. ET AL owned 0.51% of Arcosa worth $21,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACA. First Eagle Investment Management LLC boosted its position in Arcosa by 19.4% during the first quarter. First Eagle Investment Management LLC now owns 126,052 shares of the company’s stock worth $10,823,000 after acquiring an additional 20,450 shares during the last quarter. Norges Bank acquired a new position in Arcosa during the 4th quarter worth approximately $45,468,000. UniSuper Management Pty Ltd acquired a new position in Arcosa during the 1st quarter worth approximately $754,000. Synergy Asset Management LLC acquired a new position in shares of Arcosa in the 1st quarter valued at $5,242,000. Finally, Quantbot Technologies LP purchased a new stake in Arcosa in the 1st quarter valued at $1,226,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

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

Arcosa Price Performance

Arcosa stock traded up $2.39 during mid-day trading on Friday, hitting $92.12. 129,917 shares of the company were exchanged, compared to its average volume of 247,119. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $85.50 and a 200 day moving average of $83.07. Arcosa, Inc. has a 1-year low of $61.98 and a 1-year high of $93.07. The company has a market capitalization of $4.48 billion, a PE ratio of 31.55 and a beta of 0.74.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.21. The business had revenue of $598.60 million for the quarter, compared to analysts’ expectations of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. Arcosa’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 EPS. As a group, sell-side analysts expect that Arcosa, Inc. will post 3.58 earnings per share for the current year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa’s payout ratio is presently 6.85%.

Wall Street Analyst Weigh In

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

Arcosa Profile

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.