First Dallas Securities Inc. Buys Shares of 9,925 Arcosa, Inc. $ACA

First Dallas Securities Inc. purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,925 shares of the company’s stock, valued at approximately $1,053,000.

Several other institutional investors have also modified their holdings of the business. GHP Investment Advisors Inc. acquired a new position in shares of Arcosa in the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its holdings in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the period. Allworth Financial LP lifted its stake in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares in the last quarter. Quarry LP lifted its stake in Arcosa by 160.0% in the third 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. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Arcosa in the fourth quarter valued at approximately $62,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 0.1%

NYSE:ACA opened at $144.82 on Friday. The company has a market cap of $7.11 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $146.92. The business has a 50 day moving average price of $129.43 and a two-hundred day moving average price of $118.63. 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 data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect 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. Shareholders of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s payout ratio is presently 4.42%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup cut shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Barclays lifted their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. 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, the stock currently has an average rating of “Hold” and an average 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.