First Trust Advisors LP Increases Stock Holdings in Arcosa, Inc. $ACA

First Trust Advisors LP grew its stake in Arcosa, Inc. (NYSE:ACA) by 29.1% during the first quarter, HoldingsChannel reports. The firm owned 530,455 shares of the company’s stock after purchasing an additional 119,687 shares during the quarter. First Trust Advisors LP’s holdings in Arcosa were worth $56,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in shares of Arcosa during the first quarter worth $32,000. Farther Finance Advisors LLC increased its stake in Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the period. Quarry LP increased its stake in Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after buying an additional 248 shares during the period. Allworth Financial LP raised its position in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Arcosa during the 4th quarter worth $62,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 0.0%

NYSE:ACA opened at $145.00 on Monday. The stock has a fifty day moving average price of $135.31 and a two-hundred day moving average price of $122.46. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.13 and a beta of 1.04. 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 1 year low of $81.91 and a 1 year high of $146.92.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 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 analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. 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 (DPR) is 4.42%.

Wall Street Analysts Forecast Growth

ACA has been the subject of several recent analyst reports. Barclays raised their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Texas Capital cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Citigroup downgraded shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.