Jacobs Levy Equity Management Inc. Takes $8.33 Million Position in Arcosa, Inc. (NYSE:ACA)

Jacobs Levy Equity Management Inc. purchased a new position in Arcosa, Inc. (NYSE:ACA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,879 shares of the company’s stock, valued at approximately $8,327,000. Jacobs Levy Equity Management Inc. owned about 0.18% of Arcosa as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Arcosa during the second quarter valued at $25,000. Innealta Capital LLC purchased a new stake in Arcosa during the 2nd quarter valued at about $69,000. KBC Group NV increased its stake in Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after purchasing an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Arcosa in the third quarter worth about $206,000. Finally, Sawgrass Asset Management LLC bought a new position in shares of Arcosa in the third quarter worth approximately $215,000. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target for the company. Oppenheimer raised their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Insider Transactions at Arcosa

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares in the company, valued at $872,001.10. The trade was a 152.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Arcosa Stock Performance

Arcosa stock opened at $107.14 on Friday. The company’s 50-day moving average price is $99.59 and its 200-day moving average price is $90.99. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.23 billion, a PE ratio of 40.74 and a beta of 0.74. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. On average, equities research analysts forecast that Arcosa, Inc. will post 3.38 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 7.60%.

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.