Arcosa, Inc. $ACA Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in Arcosa, Inc. (NYSE:ACA) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 760,868 shares of the company’s stock after buying an additional 3,308 shares during the period. Franklin Resources Inc. owned about 1.56% of Arcosa worth $65,975,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACA. Banque Cantonale Vaudoise acquired a new stake in shares of Arcosa during the 1st quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Arcosa during the 2nd quarter worth $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Arcosa in the second quarter worth $51,000. Blue Trust Inc. lifted its stake in Arcosa by 18.0% in the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after buying an additional 143 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Arcosa by 56.7% during the first quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after acquiring an additional 413 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a report on Wednesday, November 19th. Wall Street Zen upgraded shares of Arcosa from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays raised their price target on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, DA Davidson raised their target price on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Arcosa has an average rating of “Moderate Buy” and a consensus price target of $115.00.

Arcosa Price Performance

NYSE ACA opened at $104.61 on Tuesday. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The firm has a market capitalization of $5.13 billion, a PE ratio of 34.64, a P/E/G ratio of 1.50 and a beta of 1.01. The company’s 50 day simple moving average is $95.55 and its 200 day simple moving average is $92.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The firm had revenue of $515.10 million during the quarter. As a group, equities research analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is currently 6.62%.

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.