Greenwich Wealth Management LLC Acquires Shares of 11,591 Arcosa, Inc. (NYSE:ACA)

Greenwich Wealth Management LLC bought a new position in Arcosa, Inc. (NYSE:ACA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,591 shares of the company’s stock, valued at approximately $967,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC boosted its position in Arcosa by 168.9% in the second quarter. SG Americas Securities LLC now owns 17,960 shares of the company’s stock worth $1,498,000 after purchasing an additional 11,280 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Arcosa by 19.4% in the first quarter. First Eagle Investment Management LLC now owns 126,052 shares of the company’s stock valued at $10,823,000 after acquiring an additional 20,450 shares during the last quarter. Norges Bank bought a new position in shares of Arcosa during the 4th quarter valued at approximately $45,468,000. UniSuper Management Pty Ltd bought a new position in shares of Arcosa during the 1st quarter valued at approximately $754,000. Finally, TCW Group Inc. increased its stake in shares of Arcosa by 72.9% during the 2nd quarter. TCW Group Inc. now owns 41,895 shares of the company’s stock worth $3,494,000 after purchasing an additional 17,658 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity

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, with a total value of $526,200.00. Following the completion of the purchase, the director now owns 9,943 shares of the company’s stock, valued at $872,001.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Steven J. Demetriou acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the transaction, the director now owns 9,943 shares in the company, valued at $872,001.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the sale, the insider now owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Arcosa Price Performance

Arcosa stock opened at $91.34 on Monday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 31.28 and a beta of 0.72. Arcosa, Inc. has a one year low of $61.98 and a one year high of $95.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The business has a fifty day moving average price of $86.55 and a 200-day moving average price of $84.50.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The business had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts forecast that Arcosa, Inc. will post 3.39 EPS for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 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 Tuesday, October 15th. Arcosa’s payout ratio is 6.85%.

Analysts Set New Price Targets

ACA has been the subject of several research reports. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th. Oppenheimer increased their price target on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th.

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.