State Board of Administration of Florida Retirement System Has $1.25 Million Stock Holdings in Arcosa, Inc. (NYSE:ACA)

State Board of Administration of Florida Retirement System trimmed its position in Arcosa, Inc. (NYSE:ACA) by 22.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,231 shares of the company’s stock after selling 5,620 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Arcosa were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Arcosa by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 362,085 shares of the company’s stock valued at $23,569,000 after buying an additional 6,017 shares during the last quarter. Shell Asset Management Co. bought a new stake in Arcosa during the first quarter valued at about $186,000. BlackRock Inc. grew its position in shares of Arcosa by 4.7% in the first quarter. BlackRock Inc. now owns 7,702,292 shares of the company’s stock valued at $501,343,000 after purchasing an additional 347,063 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Arcosa by 43.6% in the first quarter. BNP Paribas Arbitrage SA now owns 41,420 shares of the company’s stock worth $2,696,000 after purchasing an additional 12,580 shares during the period. Finally, Swiss National Bank boosted its stake in Arcosa by 0.9% during the 1st quarter. Swiss National Bank now owns 110,300 shares of the company’s stock valued at $7,179,000 after purchasing an additional 1,000 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

In other news, insider Jesse E. Jr. Collins sold 10,990 shares of the business’s stock in a transaction that occurred on Friday, May 28th. The stock was sold at an average price of $62.49, for a total value of $686,765.10. Following the transaction, the insider now directly owns 18,097 shares of the company’s stock, valued at approximately $1,130,881.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald J. Gafford sold 3,788 shares of the stock in a transaction that occurred on Friday, May 21st. The stock was sold at an average price of $62.14, for a total value of $235,386.32. Following the sale, the director now owns 25,106 shares in the company, valued at $1,560,086.84. The disclosure for this sale can be found here. Insiders sold a total of 24,778 shares of company stock worth $1,532,051 in the last 90 days. 0.59% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. Sidoti lowered Arcosa from a “buy” rating to a “neutral” rating and upped their price target for the stock from $64.00 to $67.00 in a report on Monday, February 22nd. Oppenheimer upped their price objective on shares of Arcosa from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 6th. DA Davidson lifted their target price on Arcosa from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 25th. G.Research upgraded Arcosa from a “hold” rating to a “buy” rating in a research report on Monday, May 3rd. Finally, Zacks Investment Research cut Arcosa from a “hold” rating to a “strong sell” rating in a research report on Monday, May 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $65.20.

NYSE ACA opened at $60.19 on Friday. Arcosa, Inc. has a 1-year low of $37.25 and a 1-year high of $68.46. The firm has a market capitalization of $2.90 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 7.61 and a beta of 0.40. The firm’s 50 day moving average is $62.76. The company has a quick ratio of 1.31, a current ratio of 2.24 and a debt-to-equity ratio of 0.13.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, April 29th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.14. Arcosa had a return on equity of 5.45% and a net margin of 4.82%. Equities analysts expect that Arcosa, Inc. will post 1.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Shareholders of record on Thursday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, July 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%. Arcosa’s payout ratio is presently 8.16%.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and lightweight aggregates; specialty materials, including lightweight aggregates and plaster; trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, and underground construction markets, as well as for infrastructure, including road, bridge, and other public products markets.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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