Intech Investment Management LLC Has $5.27 Million Position in Arcosa, Inc. $ACA

Intech Investment Management LLC boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,599 shares of the company’s stock after acquiring an additional 7,671 shares during the quarter. Intech Investment Management LLC owned 0.10% of Arcosa worth $5,273,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Arcosa by 1.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,178 shares of the company’s stock valued at $551,000 after buying an additional 92 shares in the last quarter. CWM LLC increased its stake in shares of Arcosa by 11.5% in the fourth quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after buying an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Arcosa by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after buying an additional 100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Arcosa by 0.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after buying an additional 107 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of Arcosa by 5.0% in the fourth quarter. M&T Bank Corp now owns 2,499 shares of the company’s stock valued at $266,000 after buying an additional 118 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday. DA Davidson raised their target price on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Barclays raised their target price on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arcosa presently has an average rating of “Moderate Buy” and a consensus target price of $138.33.

Arcosa Price Performance

Arcosa stock opened at $126.74 on Monday. The business’s 50-day simple moving average is $116.50 and its 200 day simple moving average is $113.48. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.86 and a beta of 1.06. Arcosa, Inc. has a 12-month low of $81.91 and a 12-month high of $135.58. 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 (NYSE:ACA) last posted 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 for the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. As a group, research analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

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

Arcosa 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.