Capital International Investors Acquires 15,956 Shares of Arcosa, Inc. $ACA

Capital International Investors increased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,244,231 shares of the company’s stock after purchasing an additional 15,956 shares during the quarter. Capital International Investors’ holdings in Arcosa were worth $238,607,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Royce & Associates LP increased its stake in Arcosa by 0.4% during the 3rd quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock worth $118,739,000 after purchasing an additional 4,652 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after purchasing an additional 154,172 shares in the last quarter. Norges Bank bought a new stake in Arcosa during the 4th quarter worth approximately $68,225,000. Bank of America Corp DE increased its stake in Arcosa by 80.5% during the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after purchasing an additional 207,457 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Arcosa by 8.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 426,705 shares of the company’s stock worth $45,367,000 after purchasing an additional 31,500 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACA has been the subject of a number of recent research reports. Barclays upped their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Oppenheimer initiated coverage on Arcosa in a research report on Thursday, May 28th. They set an “outperform” rating and a $150.00 price target for the company. Finally, Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Arcosa presently has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Arcosa Trading Up 0.9%

NYSE:ACA opened at $123.62 on Tuesday. Arcosa, Inc. has a twelve month low of $81.91 and a twelve 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. The business has a 50 day moving average price of $118.85 and a two-hundred day moving average price of $114.50. The company has a market cap of $6.07 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The firm had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, analysts expect that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is presently 4.42%.

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.