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

Principal Financial Group Inc. cut its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,966 shares of the company's stock after selling 27,472 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Arcosa worth $21,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in shares of Arcosa by 15.5% during the 3rd quarter. QRG Capital Management Inc. now owns 3,018 shares of the company's stock worth $286,000 after acquiring an additional 406 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock worth $18,512,000 after purchasing an additional 117,892 shares during the period. First Trust Direct Indexing L.P. bought a new position in Arcosa during the third quarter worth $206,000. Stonegate Investment Group LLC increased its holdings in shares of Arcosa by 3.6% in the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company's stock valued at $293,000 after purchasing an additional 108 shares during the last quarter. Finally, Creative Planning raised its position in shares of Arcosa by 38.5% in the third quarter. Creative Planning now owns 13,218 shares of the company's stock valued at $1,253,000 after purchasing an additional 3,672 shares during the period. Institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Arcosa Price Performance

ACA stock traded up $0.04 during midday trading on Thursday, reaching $103.22. The company had a trading volume of 138,588 shares, compared to its average volume of 239,812. Arcosa, Inc. has a 1-year low of $71.89 and a 1-year high of $107.79. The stock has a 50 day moving average price of $93.89 and a 200-day moving average price of $88.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 39.23 and a beta of 0.71.

Arcosa (NYSE:ACA - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $682.52 million. During the same quarter last year, the business posted $0.73 EPS. The company's revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa's dividend payout ratio (DPR) is presently 7.60%.

Insider Buying and Selling

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total value of $335,120.00. Following the sale, the insider now owns 35,333 shares in the company, valued at $2,960,198.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Arcosa news, Director Steven J. Demetriou purchased 6,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the transaction, the director now owns 9,943 shares in the company, valued at $872,001.10. The trade was a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction on Friday, August 16th. The stock was sold at an average price of $83.78, for a total transaction of $335,120.00. Following the transaction, the insider now owns 35,333 shares in the company, valued at approximately $2,960,198.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.