Arcosa, Inc. $ACA Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lifted its holdings in Arcosa, Inc. (NYSE:ACA) by 1,350.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,209 shares of the company’s stock after purchasing an additional 32,781 shares during the period. New Age Alpha Advisors LLC’s holdings in Arcosa were worth $3,743,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ACA. Farther Finance Advisors LLC increased its position in shares of Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after acquiring an additional 119 shares in the last quarter. Quarry LP increased its position in shares of Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares in the last quarter. Allworth Financial LP increased its position in shares of Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Arcosa in the fourth quarter worth approximately $62,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Performance

ACA stock opened at $120.58 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The stock has a market cap of $5.92 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.79 and a beta of 1.08. The firm has a 50 day simple moving average of $114.79 and a 200 day simple moving average of $112.72. Arcosa, Inc. has a 52 week low of $81.91 and a 52 week high of $135.58.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Research analysts anticipate that Arcosa, Inc. will post 4.22 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio (DPR) is currently 4.42%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DA Davidson lifted their target price on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Texas Capital raised shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen downgraded shares of Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Barclays lifted their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently 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.