Arcosa, Inc. (NYSE:ACA) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. cut its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 42.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,782 shares of the company's stock after selling 78,620 shares during the quarter. Eagle Asset Management Inc. owned about 0.22% of Arcosa worth $10,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in shares of Arcosa by 116.2% during the 3rd quarter. Intech Investment Management LLC now owns 10,620 shares of the company's stock worth $1,006,000 after purchasing an additional 5,707 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Arcosa by 5.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 38,445 shares of the company's stock valued at $3,643,000 after buying an additional 1,944 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Arcosa by 10.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 72,387 shares of the company's stock worth $6,859,000 after acquiring an additional 6,992 shares during the last quarter. Sawgrass Asset Management LLC purchased a new position in shares of Arcosa during the 3rd quarter worth $215,000. Finally, Natixis Advisors LLC boosted its position in shares of Arcosa by 8.2% during the 3rd quarter. Natixis Advisors LLC now owns 39,692 shares of the company's stock valued at $3,761,000 after acquiring an additional 3,013 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on ACA. Oppenheimer lifted their target price on shares of Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Stephens upgraded Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th. Finally, Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price target for the company.

Insider Buying and Selling

In related news, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, with a total value of $526,200.00. Following the purchase, the director now directly owns 9,943 shares of the company's stock, valued at $872,001.10. This trade represents a 152.17 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Arcosa Trading Up 2.1 %

Arcosa stock traded up $2.24 during trading on Friday, hitting $110.58. The company had a trading volume of 273,161 shares, compared to its average volume of 290,986. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 42.05 and a beta of 0.71. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $111.10. The company's 50 day simple moving average is $96.78 and its 200-day simple moving average is $89.69.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business had revenue of $640.40 million during the quarter, compared to analysts' expectations of $682.52 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. As a group, analysts expect that Arcosa, Inc. will post 3.38 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Tuesday, October 15th. Arcosa's dividend payout ratio (DPR) 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.