Hilltop Holdings Inc. Acquires New Position in Arcosa, Inc. $ACA

Hilltop Holdings Inc. bought a new position in Arcosa, Inc. (NYSE:ACA) in the first quarter, Holdings Channel reports. The institutional investor bought 8,002 shares of the company’s stock, valued at approximately $849,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ACA. Dimensional Fund Advisors LP raised its stake in shares of Arcosa by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock worth $246,976,000 after acquiring an additional 13,059 shares in the last quarter. Capital International Investors boosted its stake in shares of Arcosa by 0.7% in the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock valued at $238,607,000 after purchasing an additional 15,956 shares in the last quarter. State Street Corp boosted its stake in shares of Arcosa by 1.9% in the 4th quarter. State Street Corp now owns 1,948,344 shares of the company’s stock valued at $207,148,000 after purchasing an additional 36,852 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Arcosa by 25.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after purchasing an additional 342,242 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Arcosa by 5.0% during the 4th quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock valued at $178,618,000 after purchasing an additional 80,000 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Down 0.0%

Shares of Arcosa stock opened at $145.00 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $146.92. The company’s 50 day moving average price is $135.31 and its 200-day moving average price is $122.46. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. Equities research analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACA. Oppenheimer cut shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Barclays raised their price objective on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup downgraded Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $138.33.

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.