Thrivent Financial for Lutherans Has $8.99 Million Stock Holdings in Arcosa, Inc. $ACA

Thrivent Financial for Lutherans grew its stake in Arcosa, Inc. (NYSE:ACA) by 10.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,725 shares of the company’s stock after purchasing an additional 9,843 shares during the quarter. Thrivent Financial for Lutherans owned about 0.21% of Arcosa worth $8,994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACA. Public Sector Pension Investment Board increased its holdings in Arcosa by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 166,442 shares of the company’s stock valued at $14,432,000 after purchasing an additional 11,717 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Arcosa by 127.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,956 shares of the company’s stock worth $603,000 after buying an additional 3,895 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Arcosa in the 2nd quarter valued at about $244,000. Vident Advisory LLC acquired a new stake in shares of Arcosa in the 2nd quarter valued at approximately $222,000. Finally, Select Equity Group L.P. boosted its stake in Arcosa by 54.9% during the 2nd quarter. Select Equity Group L.P. now owns 83,702 shares of the company’s stock worth $7,258,000 after acquiring an additional 29,657 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ACA shares. Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research report on Monday. Wall Street Zen raised Arcosa from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Finally, Barclays boosted their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.00.

Arcosa Stock Performance

Shares of Arcosa stock opened at $108.12 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The stock’s 50-day moving average is $100.54 and its 200-day moving average is $94.79. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.25.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $515.10 million during the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%. Equities analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.05 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 6.62%.

Arcosa 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.