9,925 Shares in Arcosa, Inc. $ACA Purchased by First Dallas Securities Inc.

First Dallas Securities Inc. purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the 1st quarter, Holdings Channel reports. The fund purchased 9,925 shares of the company’s stock, valued at approximately $1,053,000.

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

Arcosa Stock Down 0.1%

ACA opened at $144.82 on Friday. The stock’s fifty day simple moving average is $129.43 and its 200 day simple moving average is $118.63. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $146.92. The stock has a market cap of $7.11 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter last year, the company posted $0.49 EPS. Arcosa’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts expect that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Citigroup downgraded shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Finally, Barclays upped their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $138.33.

About Arcosa

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.