Arcosa, Inc. $ACA Position Decreased by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 29.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 698,327 shares of the company’s stock after selling 295,383 shares during the quarter. Arcosa accounts for approximately 0.9% of Royce & Associates LP’s portfolio, making the stock its 3rd biggest position. Royce & Associates LP’s holdings in Arcosa were worth $102,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Grp LLC lifted its position in Arcosa by 24.5% in the third quarter. Wellington Grp LLC now owns 9,549 shares of the company’s stock valued at $1,396,000 after buying an additional 1,882 shares during the last quarter. First Trust Capital Management L.P. purchased a new position in Arcosa during the third quarter worth about $23,793,000. Maryland State Retirement & Pension System boosted its stake in Arcosa by 53.0% during the third quarter. Maryland State Retirement & Pension System now owns 10,929 shares of the company’s stock worth $1,597,000 after buying an additional 3,788 shares during the period. Jacobi Capital Management LLC acquired a new stake in shares of Arcosa during the third quarter valued at about $77,000. Finally, New York Life Investment Management LLC acquired a new stake in shares of Arcosa during the third quarter valued at about $5,601,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Arcosa Trading Up 0.0%

Shares of ACA traded up $0.06 during midday trading on Friday, hitting $149.21. 1,212 shares of the stock were exchanged, compared to its average volume of 619,313. Arcosa, Inc. has a 52-week low of $91.40 and a 52-week high of $149.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The stock has a fifty day simple moving average of $147.35 and a 200 day simple moving average of $132.64. The firm has a market cap of $7.33 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.24 and a beta of 1.08.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 15th. Arcosa’s payout ratio 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.