Kennedy Capital Management LLC Sells 6,432 Shares of Arcosa, Inc. (NYSE:ACA)

Kennedy Capital Management LLC reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 4.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,172 shares of the company’s stock after selling 6,432 shares during the period. Kennedy Capital Management LLC owned about 0.29% of Arcosa worth $12,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in Arcosa by 22.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock worth $89,000 after buying an additional 200 shares during the period. Covestor Ltd increased its position in shares of Arcosa by 38.8% during the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after purchasing an additional 248 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Arcosa by 2.1% during the 4th quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock valued at $1,635,000 after purchasing an additional 399 shares during the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Arcosa during the 4th quarter valued at about $33,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Arcosa during the 4th quarter valued at about $33,000. 90.66% of the stock is owned by institutional investors.

Insider Activity at Arcosa

In other news, insider Kerry S. Cole sold 10,978 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 18,527 shares of the company’s stock, valued at approximately $1,643,530.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Arcosa Trading Up 0.1 %

ACA traded up $0.09 on Tuesday, hitting $91.73. 139,988 shares of the company were exchanged, compared to its average volume of 224,925. The firm has a fifty day simple moving average of $85.60 and a two-hundred day simple moving average of $83.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.28. Arcosa, Inc. has a 12 month low of $61.98 and a 12 month high of $93.55. The stock has a market capitalization of $4.46 billion, a PE ratio of 31.37 and a beta of 0.74.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.21. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The business had revenue of $598.60 million for the quarter, compared to analyst estimates of $580.06 million. During the same period last year, the company earned $1.06 EPS. Arcosa’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Arcosa, Inc. will post 3.58 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date is Monday, July 15th. Arcosa’s dividend payout ratio (DPR) is currently 6.85%.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their price objective on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Arcosa currently has an average rating of “Moderate Buy” and an average target price 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.