Arcosa, Inc. $ACA Shares Bought by Capital World Investors

Capital World Investors boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,680,000 shares of the company’s stock after purchasing an additional 80,000 shares during the period. Capital World Investors’ holdings in Arcosa were worth $178,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Arcosa by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,178 shares of the company’s stock worth $551,000 after purchasing an additional 92 shares during the period. CWM LLC grew its position in shares of Arcosa by 11.5% during the 4th quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after acquiring an additional 95 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Arcosa by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after acquiring an additional 100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Arcosa by 0.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after acquiring an additional 107 shares during the period. Finally, M&T Bank Corp grew its position in shares of Arcosa by 5.0% during the 4th quarter. M&T Bank Corp now owns 2,499 shares of the company’s stock valued at $266,000 after acquiring an additional 118 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Trading Up 0.9%

Shares of Arcosa stock opened at $123.62 on Tuesday. The firm has a market capitalization of $6.07 billion, a PE ratio of 27.29, a P/E/G ratio of 1.80 and a beta of 1.06. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $135.58. The firm’s 50-day moving average price is $118.85 and its 200 day moving average price is $114.50. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The firm had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. Arcosa’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. On average, sell-side analysts predict that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

ACA has been the topic of a number of analyst reports. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. DA Davidson raised their target price on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Oppenheimer initiated coverage on Arcosa in a research report on Thursday, May 28th. They set an “outperform” rating and a $150.00 target price on the stock. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.33.

About Arcosa

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.