Handelsbanken Fonder AB Has $851,000 Stock Holdings in Arcosa, Inc. $ACA

Handelsbanken Fonder AB cut its position in Arcosa, Inc. (NYSE:ACA) by 51.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,000 shares of the company’s stock after selling 8,500 shares during the period. Handelsbanken Fonder AB’s holdings in Arcosa were worth $851,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the period. Bessemer Group Inc. raised its holdings in Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after purchasing an additional 119 shares during the period. Allworth Financial LP raised its holdings in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the period. Quarry LP raised its holdings in Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after purchasing an additional 248 shares during the period. Finally, Danske Bank A S acquired a new stake in Arcosa in the third quarter worth $66,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACA. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a report on Friday, March 27th. DA Davidson increased their target price on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays increased their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research lowered shares of Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.50.

Arcosa Stock Up 1.1%

Arcosa stock opened at $127.02 on Thursday. The company has a market cap of $6.24 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $135.58. The company has a fifty day simple moving average of $115.60 and a 200 day simple moving average of $113.10. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

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

Arcosa Announces Dividend

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

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.