Dimensional Fund Advisors LP Lowers Stock Holdings in Arcosa, Inc. $ACA

Dimensional Fund Advisors LP trimmed its stake in Arcosa, Inc. (NYSE:ACA) by 0.3% during the 1st quarter, HoldingsChannel reports. The fund owned 2,316,687 shares of the company’s stock after selling 6,214 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Arcosa were worth $245,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new position in Arcosa in the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its position 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 last quarter. Quarry LP grew its position in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after buying an additional 248 shares during the period. Allworth Financial LP raised its holdings in Arcosa by 392.5% in the 4th 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. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Arcosa during the 4th quarter worth approximately $62,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 0.1%

ACA opened at $145.04 on Friday. Arcosa, Inc. has a one year low of $81.91 and a one year high of $146.92. The business’s 50 day moving average price is $134.89 and its 200 day moving average price is $122.21. The stock has a market capitalization of $7.12 billion, a PE ratio of 32.02, a P/E/G ratio of 2.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

Arcosa (NYSE:ACA) last announced its quarterly 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 analysts’ expectations of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. As a group, equities research analysts expect that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio (DPR) is 4.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACA. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Citigroup cut Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arcosa currently has a consensus rating of “Hold” and an average target price of $138.33.

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.