Sei Investments Co. Purchases 23,858 Shares of Arcosa, Inc. $ACA

Sei Investments Co. grew its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 66.3% in the first quarter, HoldingsChannel.com reports. The fund owned 59,845 shares of the company’s stock after acquiring an additional 23,858 shares during the quarter. Sei Investments Co.’s holdings in Arcosa were worth $6,352,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of Arcosa in the 1st quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new stake in Arcosa during the first quarter worth approximately $32,000. Farther Finance Advisors LLC increased its holdings in 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 purchasing an additional 130 shares in the last quarter. Quarry LP increased its holdings in Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after purchasing an additional 248 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares during the period. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Up 0.0%

Shares of NYSE:ACA opened at $145.27 on Tuesday. The business’s 50 day simple moving average is $138.34 and its two-hundred day simple moving average is $123.97. The firm has a market cap of $7.13 billion, a P/E ratio of 32.07, a PEG ratio of 2.14 and a beta of 1.05. 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 $83.46 and a 52-week high of $146.92.

Arcosa Dividend Announcement

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

Wall Street Analyst Weigh In

ACA has been the topic of a number of research analyst reports. Citigroup cut Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.