Natixis Advisors L.P. raised its holdings in shares of Arcosa Inc (NYSE:ACA) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,532 shares of the company’s stock after purchasing an additional 658 shares during the period. Natixis Advisors L.P. owned 0.18% of Arcosa worth $3,944,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in ACA. First Trust Advisors LP purchased a new stake in shares of Arcosa during the first quarter valued at approximately $4,006,000. BlackRock Inc. grew its holdings in shares of Arcosa by 24.7% during the second quarter. BlackRock Inc. now owns 7,267,168 shares of the company’s stock valued at $273,464,000 after buying an additional 1,438,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Arcosa by 22.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,859 shares of the company’s stock valued at $98,000 after buying an additional 519 shares during the last quarter. Strs Ohio purchased a new stake in shares of Arcosa during the third quarter valued at approximately $492,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Arcosa during the third quarter valued at approximately $2,183,000. 84.24% of the stock is owned by institutional investors and hedge funds.
ACA has been the topic of several research reports. ValuEngine cut shares of Arcosa from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Stephens raised their target price on shares of Arcosa from $43.00 to $48.00 and gave the stock an “equal weight” rating in a report on Friday. Zacks Investment Research upgraded shares of Arcosa from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Wednesday. Finally, Sidoti raised their target price on shares of Arcosa from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Arcosa presently has a consensus rating of “Buy” and a consensus price target of $44.15.
Shares of Arcosa stock traded up $0.40 on Friday, hitting $42.95. 24,090 shares of the company’s stock were exchanged, compared to its average volume of 237,119. The company has a 50-day simple moving average of $45.27 and a 200-day simple moving average of $39.20. The stock has a market capitalization of $2.06 billion, a PE ratio of 17.22, a PEG ratio of 1.19 and a beta of 0.48. Arcosa Inc has a 1 year low of $28.34 and a 1 year high of $47.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 3.01.
Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $446.90 million for the quarter, compared to analysts’ expectations of $485.10 million. Arcosa had a net margin of 7.20% and a return on equity of 6.60%. On average, analysts expect that Arcosa Inc will post 2.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Tuesday, January 14th. Arcosa’s dividend payout ratio is presently 10.99%.
Arcosa Company Profile
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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