Arcosa, Inc. (NYSE:ACA) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 14.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 276,597 shares of the company’s stock after acquiring an additional 34,049 shares during the quarter. Invesco Ltd. owned about 0.57% of Arcosa worth $16,248,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Metropolitan Life Insurance Co NY lifted its holdings in shares of Arcosa by 104,084.6% in the second quarter. Metropolitan Life Insurance Co NY now owns 13,544 shares of the company’s stock valued at $796,000 after buying an additional 13,531 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Arcosa by 134.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 263,003 shares of the company’s stock valued at $15,449,000 after buying an additional 150,636 shares during the period. Amalgamated Bank lifted its holdings in shares of Arcosa by 444.7% in the second quarter. Amalgamated Bank now owns 23,623 shares of the company’s stock valued at $1,388,000 after buying an additional 19,286 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Arcosa by 4.7% in the second quarter. UBS Asset Management Americas Inc. now owns 56,678 shares of the company’s stock valued at $3,329,000 after buying an additional 2,543 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Arcosa in the second quarter valued at $646,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

NYSE:ACA opened at $57.23 on Thursday. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 39.47 and a beta of 0.38. Arcosa, Inc. has a 1-year low of $48.18 and a 1-year high of $68.46. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average price is $52.91 and its 200 day moving average price is $54.69.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, November 3rd. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Arcosa had a net margin of 3.59% and a return on equity of 4.75%. During the same period last year, the business earned $0.68 EPS. Equities analysts forecast that Arcosa, Inc. will post 1.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 29th. Stockholders of record on Friday, October 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Thursday, October 14th. Arcosa’s dividend payout ratio (DPR) is presently 13.79%.

Several analysts have recently weighed in on ACA shares. TheStreet upgraded Arcosa from a “c” rating to a “b-” rating in a report on Wednesday, November 10th. Berenberg Bank initiated coverage on Arcosa in a research report on Tuesday, October 5th. They set a “buy” rating and a $63.00 target price on the stock. Zacks Investment Research lowered Arcosa from a “hold” rating to a “sell” rating in a research report on Friday, November 5th. Stephens initiated coverage on Arcosa in a research report on Tuesday, September 7th. They set an “overweight” rating and a $60.00 target price on the stock. Finally, Loop Capital initiated coverage on Arcosa in a research report on Tuesday, November 2nd. They set a “buy” rating and a $63.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $67.00.

About Arcosa

Arcosa, Inc engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment, and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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