Fisher Asset Management LLC Sells 4,653 Shares of Arcosa, Inc. $ACA

Fisher Asset Management LLC trimmed its position in Arcosa, Inc. (NYSE:ACA) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 107,453 shares of the company’s stock after selling 4,653 shares during the period. Fisher Asset Management LLC owned 0.22% of Arcosa worth $11,424,000 as of its most recent filing with the SEC.

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

Arcosa Stock Up 1.1%

Shares of NYSE:ACA opened at $127.02 on Thursday. The firm has a market cap of $6.24 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.86 and a beta of 1.08. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 12-month low of $81.91 and a 12-month high of $135.58. The business has a fifty day simple moving average of $115.60 and a 200 day simple moving average of $113.10.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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%.Arcosa’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. Analysts predict that Arcosa, Inc. will post 4.22 earnings per share for the current year.

Arcosa Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note 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. DA Davidson raised their target price on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen lowered Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Barclays raised their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arcosa has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

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.