Levin Capital Strategies L.P. Invests $1.28 Million in Arcosa, Inc. (NYSE:ACA)

Levin Capital Strategies L.P. purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,455 shares of the company’s stock, valued at approximately $1,277,000.

A number of other hedge funds have also bought and sold shares of ACA. First Eagle Investment Management LLC grew its stake in Arcosa by 39.8% in the 3rd quarter. First Eagle Investment Management LLC now owns 98,456 shares of the company’s stock valued at $7,079,000 after purchasing an additional 28,027 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Arcosa by 22.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 63,976 shares of the company’s stock worth $4,600,000 after buying an additional 11,878 shares during the last quarter. FMR LLC grew its position in Arcosa by 224.6% during the third quarter. FMR LLC now owns 69,963 shares of the company’s stock valued at $5,030,000 after buying an additional 48,411 shares during the period. Hsbc Holdings PLC purchased a new stake in Arcosa during the third quarter worth about $1,271,000. Finally, Louisiana State Employees Retirement System bought a new stake in Arcosa in the fourth quarter worth about $2,016,000. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Performance

Shares of NYSE ACA traded up $1.30 during midday trading on Thursday, hitting $77.70. The company’s stock had a trading volume of 131,122 shares, compared to its average volume of 222,178. The stock has a fifty day moving average price of $81.65 and a 200 day moving average price of $78.35. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 23.44 and a beta of 0.69. Arcosa, Inc. has a one year low of $61.98 and a one year high of $89.07. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

Arcosa (NYSE:ACA) last issued its earnings results on Friday, February 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.35. The business had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $554.54 million. Arcosa had a net margin of 6.90% and a return on equity of 6.90%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, research analysts forecast that Arcosa, Inc. will post 3.38 EPS for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Friday, April 12th. Arcosa’s payout ratio is presently 6.13%.

Analysts Set New Price Targets

ACA has been the subject of several research analyst reports. DA Davidson raised their price target on shares of Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Oppenheimer raised their target price on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.