Horizon Investments LLC Makes New $1.93 Million Investment in Arcosa, Inc. $ACA

Horizon Investments LLC acquired a new position in Arcosa, Inc. (NYSE:ACA) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 18,111 shares of the company’s stock, valued at approximately $1,925,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Corp purchased a new stake in shares of Arcosa during the third quarter valued at approximately $32,000. Farther Finance Advisors LLC grew its holdings in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the last quarter. Quarry LP grew its holdings in shares of Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after buying an additional 248 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Arcosa by 77.2% during the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock valued at $64,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 6.4%

Shares of ACA stock opened at $131.14 on Wednesday. Arcosa, Inc. has a 12-month low of $81.59 and a 12-month high of $131.36. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $111.75 and its 200 day moving average is $109.77. The stock has a market capitalization of $6.44 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.03 and a beta of 1.08.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company had revenue of $571.70 million for the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts expect that Arcosa, Inc. will post 3.8 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is currently 4.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. DA Davidson increased their price target on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a report on Friday, March 27th. Barclays increased their price target on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.50.

Arcosa Company 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.