Arcosa, Inc. $ACA Shares Sold by Strs Ohio

Strs Ohio cut its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,000 shares of the company’s stock after selling 9,600 shares during the period. Strs Ohio owned 0.14% of Arcosa worth $7,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in Arcosa by 20.6% during the 1st quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock worth $642,000 after purchasing an additional 1,423 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Arcosa during the first quarter worth about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Arcosa by 11.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock worth $11,047,000 after buying an additional 14,723 shares during the period. Jane Street Group LLC grew its holdings in shares of Arcosa by 193.8% during the first quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after buying an additional 69,427 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Arcosa by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of ACA opened at $144.82 on Monday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $129.43 and its two-hundred day moving average is $118.70. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $146.92. The firm has a market capitalization of $7.11 billion, a PE ratio of 31.97, a P/E/G ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The business 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 company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. Research analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

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

Analyst Upgrades and Downgrades

ACA has been the subject of a number of recent research reports. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Citigroup downgraded Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.