Arcosa, Inc. $ACA Stake Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in Arcosa, Inc. (NYSE:ACA) by 17,500.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,858 shares of the company’s stock after purchasing an additional 53,552 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.11% of Arcosa worth $5,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ACA. Capital International Investors increased its stake in Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after purchasing an additional 491,165 shares in the last quarter. Bank of America Corp DE boosted its position in Arcosa by 80.5% during the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after acquiring an additional 207,457 shares during the period. The Manufacturers Life Insurance Company boosted its position in Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after acquiring an additional 154,172 shares during the period. Qube Research & Technologies Ltd boosted its position in Arcosa by 130.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 182,027 shares of the company’s stock worth $17,058,000 after acquiring an additional 102,953 shares during the period. Finally, Jane Street Group LLC boosted its position in Arcosa by 193.8% during the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after acquiring an additional 69,427 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Barclays raised their price objective on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen lowered Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.50.

Arcosa Stock Up 1.2%

Shares of Arcosa stock opened at $120.58 on Friday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $135.58. The stock has a 50-day simple moving average of $114.51 and a 200-day simple moving average of $112.50.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. On average, equities research analysts expect that Arcosa, Inc. will post 4.22 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s payout ratio is currently 4.42%.

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.