Jacobs Levy Equity Management Inc. Makes New $8.33 Million Investment in Arcosa, Inc. (NYSE:ACA)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of Arcosa during the 2nd quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Arcosa in the 2nd quarter valued at about $69,000. KBC Group NV raised its holdings in shares of Arcosa by 20.5% in 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 during the period. First Trust Direct Indexing L.P. bought a new stake in shares of Arcosa in the 3rd quarter valued at about $206,000. Finally, Sawgrass Asset Management LLC bought a new stake in shares of Arcosa in the 3rd quarter valued at about $215,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACA has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 price target on the stock.

Insider Buying and Selling

In related news, Director Steven J. Demetriou bought 6,000 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were 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. This represents a 152.17 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Arcosa Stock Performance

Shares of ACA traded up $1.21 during mid-day trading on Friday, hitting $108.35. 195,312 shares of the company's stock were exchanged, compared to its average volume of 240,852. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The stock's 50-day simple moving average is $99.59 and its 200-day simple moving average is $90.99. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 40.74 and a beta of 0.74. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company had revenue of $640.40 million for the quarter, compared to analysts' expectations of $682.52 million. During the same period last year, the firm earned $0.73 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts expect that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. Arcosa's dividend payout ratio is 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.