Arcosa, Inc. (NYSE:ACA) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 236.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,512 shares of the company's stock after purchasing an additional 65,041 shares during the quarter. Point72 Asset Management L.P. owned 0.19% of Arcosa worth $8,766,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Arcosa during the second quarter valued at $25,000. Innealta Capital LLC purchased 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% 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 in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Arcosa during the third quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in Arcosa in the third quarter valued at approximately $215,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Trading Up 1.1 %

Arcosa stock traded up $1.21 during mid-day trading on Friday, hitting $108.35. The company's stock had a trading volume of 195,312 shares, compared to its average volume of 248,309. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The stock's fifty day moving average is $99.86 and its two-hundred day moving average is $91.22. The firm has a market capitalization of $5.29 billion, a PE ratio of 41.20 and a beta of 0.74. 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 (NYSE:ACA - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $0.73 earnings per share. Arcosa's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts anticipate that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.18%. Arcosa's dividend payout ratio (DPR) is presently 7.60%.

Analyst Ratings Changes

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

Insider Buying and Selling at Arcosa

In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the business's stock in a transaction 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 purchase, the director now directly owns 9,943 shares of the company's stock, valued at approximately $872,001.10. This trade represents a 152.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.