Principal Financial Group Inc. Sells 27,472 Shares of Arcosa, Inc. (NYSE:ACA)

Principal Financial Group Inc. lessened its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 229,966 shares of the company's stock after selling 27,472 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Arcosa worth $21,792,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Arcosa during the 2nd quarter worth approximately $25,000. Point72 DIFC Ltd acquired a new stake in Arcosa in the third quarter valued at $37,000. Innealta Capital LLC bought a new position in shares of Arcosa in the 2nd quarter valued at about $69,000. KBC Group NV increased its stake in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after purchasing an additional 242 shares during the last quarter. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Arcosa in the 3rd quarter valued at about $206,000. Institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Separately, Barclays started coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price target for the company.

Arcosa Price Performance

Shares of NYSE:ACA traded up $0.13 during midday trading on Thursday, hitting $100.15. The stock had a trading volume of 90,501 shares, compared to its average volume of 241,342. The company's 50-day moving average price is $102.52 and its 200-day moving average price is $92.79. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. 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 capitalization of $4.89 billion, a P/E ratio of 38.08 and a beta of 0.74.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, equities research analysts predict that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.20%. The ex-dividend date is Wednesday, January 15th. Arcosa's dividend payout ratio (DPR) is presently 7.60%.

Arcosa Company 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.