Arcosa, Inc. $ACA Shares Newly Bought by First Trust Capital Management L.P.

First Trust Capital Management L.P. bought a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 162,800 shares of the company’s stock, valued at approximately $23,793,000. Arcosa makes up approximately 1.1% of First Trust Capital Management L.P.’s investment portfolio, making the stock its 14th largest position. First Trust Capital Management L.P. owned about 0.33% of Arcosa as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System raised its holdings in Arcosa by 53.0% in the third quarter. Maryland State Retirement & Pension System now owns 10,929 shares of the company’s stock worth $1,597,000 after purchasing an additional 3,788 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in shares of Arcosa in the 3rd quarter worth approximately $77,000. New York Life Investment Management LLC bought a new position in shares of Arcosa during the 3rd quarter worth approximately $5,601,000. StoneX Group Inc. bought a new position in shares of Arcosa during the 3rd quarter worth approximately $255,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Arcosa by 9.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,609 shares of the company’s stock worth $1,112,000 after acquiring an additional 656 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

ACA has been the topic of a number of research analyst reports. Weiss Ratings upgraded Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 12th. Stephens set a $150.00 price target on shares of Arcosa in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.25.

Arcosa Trading Up 0.0%

Shares of ACA stock opened at $149.21 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.24 and a beta of 1.08. The stock has a 50 day simple moving average of $147.35 and a 200-day simple moving average of $132.64. Arcosa, Inc. has a 1-year low of $91.40 and a 1-year high of $149.50.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 15th. Arcosa’s dividend payout ratio (DPR) is currently 2.00%.

Arcosa Profile

Arcosa, Inc. is a North American provider of products and materials used in infrastructure, construction, energy and transportation markets. The company became an independent public company in 2018 after being spun off from Trinity Industries. Its businesses include construction materials such as natural and recycled aggregates and specialty materials, as well as engineered structures for electric utilities, telecommunications and wind energy. Arcosa also makes products for transportation and infrastructure applications.