Arcosa, Inc. (NYSE:ACA) Shares Sold by Yousif Capital Management LLC

Posted by Defense World Staff on Aug 1st, 2023

Yousif Capital Management LLC reduced its position in shares of Arcosa, Inc. (NYSE:ACA – Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,168 shares of the company’s stock after selling 3,505 shares during the period. Yousif Capital Management LLC owned 0.06% of Arcosa worth $1,715,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Arcosa during the 1st quarter worth about $957,000. Texas Permanent School Fund Corp boosted its position in shares of Arcosa by 33.4% in the first quarter. Texas Permanent School Fund Corp now owns 43,364 shares of the company’s stock worth $2,737,000 after acquiring an additional 10,856 shares during the last quarter. Consolidated Investment Group LLC boosted its position in shares of Arcosa by 25.1% in the first quarter. Consolidated Investment Group LLC now owns 41,900 shares of the company’s stock worth $2,644,000 after acquiring an additional 8,400 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Arcosa by 2.7% in the first quarter. Arizona State Retirement System now owns 14,010 shares of the company’s stock worth $884,000 after acquiring an additional 365 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Arcosa by 6.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 40,692 shares of the company’s stock worth $2,568,000 after acquiring an additional 2,602 shares during the last quarter. 88.10% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of ACA opened at $77.19 on Tuesday. Arcosa, Inc. has a 1 year low of $51.01 and a 1 year high of $78.25. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 13.38 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.54 and a current ratio of 2.40. The firm has a fifty day moving average of $73.07 and a 200-day moving average of $65.23.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, July 13th. Arcosa’s dividend payout ratio (DPR) is 3.47%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Loop Capital raised their target price on shares of Arcosa from $75.00 to $80.00 in a research report on Monday, May 1st. DA Davidson raised their target price on shares of Arcosa from $80.00 to $85.00 in a research report on Monday, May 1st. Finally, Oppenheimer raised their target price on shares of Arcosa from $75.00 to $85.00 in a research report on Monday, May 8th.

Insider Activity

In other news, Director Ronald J. Gafford sold 2,370 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $68.65, for a total transaction of $162,700.50. Following the completion of the transaction, the director now owns 24,995 shares of the company’s stock, valued at $1,715,906.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Ronald J. Gafford sold 2,370 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $68.65, for a total value of $162,700.50. Following the completion of the sale, the director now owns 24,995 shares of the company’s stock, valued at $1,715,906.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jesse E. Jr. Collins sold 8,591 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $69.19, for a total transaction of $594,411.29. Following the completion of the sale, the insider now directly owns 16,766 shares of the company’s stock, valued at approximately $1,160,039.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,961 shares of company stock valued at $1,088,312. 1.30% of the stock is currently owned by company insiders.

Arcosa Profile

(Free Report)

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, 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 recycled aggregates; specialty materials; and construction site support equipment, including trench shields and shoring products for residential and non-residential construction, and specialty/other products, as well as for infrastructure construction.