Arcosa, Inc. $ACA Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Arcosa, Inc. (NYSE:ACA) by 3,554.1% during the first quarter, Holdings Channel.com reports. The fund owned 13,045 shares of the company’s stock after acquiring an additional 12,688 shares during the period. Fifth Third Bancorp’s holdings in Arcosa were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ACA. GHP Investment Advisors Inc. acquired a new stake in shares of Arcosa in the first quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its stake in Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Quarry LP lifted its stake in Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after buying an additional 248 shares in the last quarter. Allworth Financial LP grew its holdings in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Arcosa during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 0.1%

Shares of ACA opened at $145.00 on Friday. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $146.92. The stock’s 50-day moving average is $135.31 and its two-hundred day moving average is $122.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The stock has a market cap of $7.12 billion, a PE ratio of 32.01, a P/E/G ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.13 by $0.38. The firm had revenue of $571.70 million for 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Equities analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is presently 4.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACA. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Oppenheimer cut shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Texas Capital downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Barclays increased their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $138.33.

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.