Dymon Asia Capital Singapore PTE. LTD. Makes New $2.54 Million Investment in Arcosa, Inc. $ACA

Dymon Asia Capital Singapore PTE. LTD. bought a new position in Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,852 shares of the company’s stock, valued at approximately $2,536,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the period. Bessemer Group Inc. boosted its stake in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares during the period. Allworth Financial LP boosted its stake in shares of Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after purchasing an additional 314 shares during the period. Quarry LP boosted its stake in shares of Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Arcosa during the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of Arcosa stock opened at $129.79 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.37 billion, a PE ratio of 28.65, a P/E/G ratio of 1.90 and a beta of 1.06. The business has a 50 day moving average of $120.61 and a 200 day moving average of $115.14. Arcosa, Inc. has a 52 week low of $81.91 and a 52 week high of $135.58.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, equities research analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer assumed coverage on Arcosa in a research note on Thursday, May 28th. They set an “outperform” rating and a $150.00 price objective for the company. Texas Capital raised Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Arcosa has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

Arcosa Profile

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.