Arcosa Inc (ACA) Shares Sold by Diamond Hill Capital Management Inc.

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Diamond Hill Capital Management Inc. lowered its position in Arcosa Inc (NYSE:ACA) by 32.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 232,041 shares of the company’s stock after selling 111,873 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Arcosa were worth $7,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paloma Partners Management Co bought a new stake in shares of Arcosa in the fourth quarter worth $543,000. Cutler Group LP bought a new stake in shares of Arcosa in the fourth quarter worth $347,000. California Public Employees Retirement System bought a new stake in shares of Arcosa in the fourth quarter worth $2,610,000. BB&T Corp bought a new stake in Arcosa during the fourth quarter valued at about $1,529,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Arcosa during the fourth quarter valued at about $128,000. 81.79% of the stock is owned by institutional investors.

ACA has been the subject of several recent research reports. Zacks Investment Research raised Arcosa from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, January 8th. DA Davidson initiated coverage on Arcosa in a report on Thursday, March 21st. They set a “buy” rating and a $29.74 price target for the company. Stephens initiated coverage on Arcosa in a report on Monday, March 18th. They set an “equal weight” rating for the company. ValuEngine raised Arcosa from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Oppenheimer initiated coverage on Arcosa in a report on Monday, March 4th. They set an “outperform” rating and a $40.00 price target for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.15.

NYSE ACA opened at $30.29 on Friday. The stock has a market capitalization of $1.51 billion and a PE ratio of 16.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.85 and a quick ratio of 1.77. Arcosa Inc has a twelve month low of $21.00 and a twelve month high of $35.15.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.25. The business had revenue of $410.90 million during the quarter, compared to the consensus estimate of $392.16 million. The business’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. Equities research analysts predict that Arcosa Inc will post 1.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, April 12th. Arcosa’s dividend payout ratio (DPR) is 10.99%.

In other news, major shareholder Valueact Capital Master Fund, sold 1,395,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $33.02, for a total value of $46,062,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.

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Arcosa Profile

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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