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HighTower Advisors LLC Has $6.81 Million Position in Arcosa, Inc. (NYSE:ACA)

Arcosa logo with Construction background

HighTower Advisors LLC boosted its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 969.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,632 shares of the company's stock after buying an additional 65,841 shares during the quarter. HighTower Advisors LLC owned approximately 0.15% of Arcosa worth $6,812,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ACA. Stonegate Investment Group LLC raised its stake in Arcosa by 3.6% in the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company's stock valued at $293,000 after acquiring an additional 108 shares during the period. Xponance Inc. raised its position in shares of Arcosa by 4.4% in the second quarter. Xponance Inc. now owns 3,073 shares of the company's stock valued at $256,000 after purchasing an additional 130 shares during the period. Sei Investments Co. lifted its stake in shares of Arcosa by 1.1% during the 2nd quarter. Sei Investments Co. now owns 13,495 shares of the company's stock worth $1,126,000 after buying an additional 146 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Arcosa by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company's stock worth $1,134,000 after buying an additional 195 shares during the period. Finally, Evergreen Capital Management LLC grew its stake in Arcosa by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company's stock valued at $371,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Transactions at Arcosa

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was purchased 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 in the company, valued at $872,001.10. The trade was a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ACA shares. Barclays began coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price objective for the company. Oppenheimer upped their price objective on Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, August 19th.

View Our Latest Research Report on ACA

Arcosa Price Performance

Shares of NYSE ACA traded down $0.14 during midday trading on Tuesday, reaching $107.06. The company's stock had a trading volume of 265,734 shares, compared to its average volume of 240,840. The company has a market cap of $5.22 billion, a P/E ratio of 40.71 and a beta of 0.74. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The business's 50 day moving average price is $100.39 and its two-hundred day moving average price is $91.51.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results 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 firm had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. During the same period in the prior year, the company posted $0.73 EPS. The company's revenue was up 8.2% compared to the same quarter last year. On average, analysts forecast that Arcosa, Inc. will post 3.37 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 given 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 payout ratio is presently 7.60%.

Arcosa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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