New York Life Investment Management LLC Has $452,000 Stock Holdings in Arcosa, Inc. (NYSE:ACA)

New York Life Investment Management LLC lowered its holdings in Arcosa, Inc. (NYSE:ACA) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,474 shares of the company’s stock after selling 167 shares during the quarter. New York Life Investment Management LLC’s holdings in Arcosa were worth $452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACA. State of New Jersey Common Pension Fund D boosted its position in shares of Arcosa by 7.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 34,290 shares of the company’s stock valued at $2,834,000 after acquiring an additional 2,508 shares during the period. New York State Common Retirement Fund boosted its holdings in Arcosa by 2.1% in the 4th quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock valued at $1,635,000 after purchasing an additional 399 shares during the period. Criterion Capital Advisors LLC bought a new stake in Arcosa in the 4th quarter valued at $33,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Arcosa by 32.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,719 shares of the company’s stock worth $1,051,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Arcosa during the 4th quarter worth about $2,016,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACA. DA Davidson increased their target price on shares of Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Oppenheimer lifted their price objective on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Arcosa Stock Performance

NYSE:ACA opened at $88.27 on Friday. The firm has a market capitalization of $4.29 billion, a PE ratio of 30.23 and a beta of 0.69. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. Arcosa, Inc. has a 12-month low of $61.98 and a 12-month high of $89.17. The firm has a 50-day moving average price of $82.18 and a 200 day moving average price of $79.10.

Arcosa (NYSE:ACA) last issued its earnings results on Friday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.21. The business had revenue of $598.60 million during the quarter, compared to analysts’ expectations of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. Arcosa’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. Research analysts anticipate that Arcosa, Inc. will post 3.43 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Monday, July 15th. Arcosa’s dividend payout ratio (DPR) is currently 6.85%.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.