Vaughan Nelson Investment Management L.P. Grows Position in Arcosa, Inc. $ACA

Vaughan Nelson Investment Management L.P. raised its holdings in Arcosa, Inc. (NYSE:ACA) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,330 shares of the company’s stock after acquiring an additional 9,625 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Arcosa were worth $46,312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACA. Franklin Resources Inc. grew its stake in shares of Arcosa by 2,770.5% during the 4th quarter. Franklin Resources Inc. now owns 736,018 shares of the company’s stock worth $78,253,000 after purchasing an additional 710,377 shares during the period. Norges Bank acquired a new stake in shares of Arcosa in the fourth quarter valued at about $68,225,000. Capital International Investors boosted its holdings in Arcosa by 28.3% during the third quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after buying an additional 491,165 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Arcosa by 25.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after buying an additional 342,242 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Arcosa by 80.5% during the second quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after buying an additional 207,457 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Trading Down 0.1%

Shares of ACA opened at $135.75 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $137.76. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06. The firm has a 50 day simple moving average of $123.18 and a 200-day simple moving average of $116.16.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The firm 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%.Arcosa’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is presently 4.42%.

Analysts Set New Price Targets

ACA has been the subject of a number of research analyst reports. DA Davidson increased their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Oppenheimer assumed coverage on Arcosa in a research note on Thursday, May 28th. They set an “outperform” rating and a $150.00 price target on the stock. Barclays upped their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Texas Capital raised Arcosa to a “strong-buy” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.