Hodges Capital Management Inc. Acquires Shares of 38,512 Arcosa, Inc. $ACA

Hodges Capital Management Inc. acquired a new stake in Arcosa, Inc. (NYSE:ACA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,512 shares of the company’s stock, valued at approximately $4,088,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACA. GHP Investment Advisors Inc. bought a new position in shares of Arcosa during the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its position in Arcosa by 73.4% in the fourth 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 last quarter. Quarry LP lifted its position in Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares during the last quarter. Allworth Financial LP boosted its stake in Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares during the period. 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.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACA. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Barclays raised their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. 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 equities research 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 stock currently has an average rating of “Hold” and a consensus target price of $138.33.

Arcosa Stock Performance

Arcosa stock opened at $145.41 on Tuesday. The company has a 50 day moving average price of $129.93 and a 200-day moving average price of $118.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $146.92. The company has a market capitalization of $7.14 billion, a PE ratio of 32.10, a P/E/G ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.38. The company had revenue of $571.70 million for 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%.Arcosa’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, equities analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

The company 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. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

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.