Hillsdale Investment Management Inc. Makes New $4.68 Million Investment in Arcosa, Inc. $ACA

Hillsdale Investment Management Inc. purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 43,970 shares of the company’s stock, valued at approximately $4,675,000. Hillsdale Investment Management Inc. owned about 0.09% of Arcosa as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after purchasing an additional 119 shares during the last quarter. Allworth Financial LP increased its position in shares of Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the last quarter. Quarry LP increased its position in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after purchasing an additional 248 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Arcosa during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent analyst reports. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday. DA Davidson boosted their target price on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays boosted their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. One 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Arcosa Stock Down 0.3%

ACA stock opened at $126.74 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.22 billion, a PE ratio of 27.98, a PEG ratio of 1.86 and a beta of 1.08. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $135.58. The business’s 50 day simple moving average is $116.50 and its 200 day simple moving average is $113.39.

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

Arcosa Announces Dividend

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

Arcosa Company 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.