Principal Financial Group Inc. Sells 5,194 Shares of Arcosa, Inc. $ACA

Principal Financial Group Inc. trimmed its holdings in Arcosa, Inc. (NYSE:ACA) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,874 shares of the company’s stock after selling 5,194 shares during the period. Principal Financial Group Inc.’s holdings in Arcosa were worth $22,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Arcosa by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after buying an additional 860 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Arcosa during the 2nd quarter valued at $7,884,000. First Trust Advisors LP lifted its position in shares of Arcosa by 29.0% during the 2nd quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock valued at $53,523,000 after acquiring an additional 138,676 shares during the period. AXQ Capital LP acquired a new stake in shares of Arcosa during the 2nd quarter worth $421,000. Finally, Creative Planning increased its position in shares of Arcosa by 72.6% in the second quarter. Creative Planning now owns 31,229 shares of the company’s stock worth $2,708,000 after purchasing an additional 13,131 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Up 3.2%

Shares of ACA opened at $124.74 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $125.20. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 1.67 and a beta of 1.00. The stock has a fifty day moving average of $111.57 and a 200-day moving average of $101.07.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s payout ratio is presently 6.62%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Barclays increased their price target on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.