Arcosa, Inc. $ACA Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,200 shares of the company’s stock after selling 1,300 shares during the quarter. Swiss National Bank owned 0.19% of Arcosa worth $8,081,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ACA. Blue Trust Inc. grew its stake in Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after buying an additional 143 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Arcosa by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company’s stock valued at $560,000 after acquiring an additional 189 shares in the last quarter. Yousif Capital Management LLC boosted its position in Arcosa by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 18,405 shares of the company’s stock worth $1,596,000 after purchasing an additional 196 shares during the period. Teacher Retirement System of Texas increased its holdings in Arcosa by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,407 shares of the company’s stock valued at $642,000 after purchasing an additional 276 shares in the last quarter. Finally, Huntleigh Advisors Inc. raised its position in Arcosa by 5.7% in the second quarter. Huntleigh Advisors Inc. now owns 5,699 shares of the company’s stock valued at $494,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACA. DA Davidson upped their target price on Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a report on Tuesday. Barclays increased their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Arcosa Price Performance

Shares of NYSE ACA opened at $106.54 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $111.19. The business has a 50 day moving average price of $96.48 and a two-hundred day moving average price of $92.79. The firm has a market cap of $5.22 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01.

Arcosa (NYSE:ACA) last announced its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The company had revenue of $515.10 million for the quarter. Sell-side analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s dividend payout ratio is 6.62%.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.