Arcosa, Inc. $ACA Position Raised by Castleark Management LLC

Castleark Management LLC boosted its position in Arcosa, Inc. (NYSE:ACA) by 53.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,650 shares of the company’s stock after purchasing an additional 26,150 shares during the period. Castleark Management LLC’s holdings in Arcosa were worth $7,923,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of Arcosa by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock valued at $559,000 after purchasing an additional 90 shares during the period. CWM LLC lifted its holdings in shares of Arcosa by 11.5% in the fourth quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after buying an additional 95 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Arcosa by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after buying an additional 100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Arcosa by 0.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after buying an additional 107 shares in the last quarter. Finally, Menard Financial Group LLC boosted its stake in Arcosa by 1.9% during the fourth quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock valued at $667,000 after buying an additional 117 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Barclays raised their price objective on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Citigroup downgraded shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $138.33.

Arcosa Stock Performance

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

Arcosa (NYSE:ACA) last announced 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 return on equity of 8.52% and a net margin of 7.88%.The company had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. During the same period in the previous year, the firm earned $0.49 earnings per share. Arcosa’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s payout ratio is presently 4.42%.

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.