Arcosa, Inc. $ACA Holdings Trimmed by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in shares of Arcosa, Inc. (NYSE:ACA) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,803 shares of the company’s stock after selling 3,746 shares during the quarter. Hsbc Holdings PLC’s holdings in Arcosa were worth $1,895,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Arcosa by 73.4% during the fourth 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. Allworth Financial LP lifted its stake 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 acquiring an additional 314 shares in the last quarter. Quarry LP boosted its position in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Arcosa during the 4th quarter worth about $62,000. Finally, Danske Bank A S purchased a new position in Arcosa during the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup lowered shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Barclays upped their price objective on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. 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 research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $138.33.

Arcosa Stock Up 0.0%

ACA opened at $144.55 on Tuesday. The company has a market capitalization of $7.10 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $146.92. The business has a 50-day moving average of $127.05 and a 200-day moving average of $117.74.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 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 in the previous year, the business posted $0.49 EPS. Equities research analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. Arcosa’s dividend payout ratio is 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.