Farmers Trust Co. purchased a new stake in Arcosa, Inc. (NYSE:ACA – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,341 shares of the company’s stock, valued at approximately $501,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ACA. Trust Co. of Toledo NA OH bought a new stake in Arcosa in the 2nd quarter valued at about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Arcosa in the second quarter valued at approximately $51,000. EverSource Wealth Advisors LLC increased its holdings in shares of Arcosa by 77.2% during the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock valued at $64,000 after acquiring an additional 322 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after acquiring an additional 143 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Arcosa by 56.7% during the first quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock worth $88,000 after purchasing an additional 413 shares during the period. Institutional investors own 90.66% of the company’s stock.
Arcosa Price Performance
ACA opened at $110.72 on Monday. The firm’s fifty day moving average price is $99.48 and its two-hundred day moving average price is $94.36. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 1.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.25.
Arcosa Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Arcosa’s payout ratio is presently 6.62%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a research report on Monday, December 8th. Barclays raised their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 8th. Finally, Zacks Research lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.00.
Check Out Our Latest Stock Analysis on Arcosa
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.
Read More
- Five stocks we like better than Arcosa
- Should You Invest in Penny Stocks?
- Dave & Buster’s Reversal Is in PLAY After Double-Bottom Breakout
- What Are Dividends? Buy the Best Dividend Stocks
- 3 Finance Stocks to Buy on Rising 10-Year Treasury Rates
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Disney’s $1 Billion Deal Brings Its Magic to OpenAI
Want to see what other hedge funds are holding ACA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arcosa, Inc. (NYSE:ACA – Free Report).
Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.
