Stifel Financial Corp bought a new position in Arcosa Inc (NYSE:ACA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,982 shares of the company’s stock, valued at approximately $335,000.
Several other institutional investors have also recently modified their holdings of ACA. Natixis Advisors L.P. purchased a new position in Arcosa during the fourth quarter valued at $2,243,000. Flinton Capital Management LLC purchased a new position in Arcosa during the fourth quarter valued at $1,404,000. Redwood Investment Management LLC purchased a new position in Arcosa during the fourth quarter valued at $713,000. Dimensional Fund Advisors LP purchased a new position in Arcosa during the fourth quarter valued at $43,112,000. Finally, United Services Automobile Association purchased a new position in Arcosa during the fourth quarter valued at $237,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.
In other news, major shareholder Valueact Capital Master Fund, sold 1,395,000 shares of Arcosa stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $33.02, for a total value of $46,062,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by insiders.
Several equities analysts have commented on the company. DA Davidson assumed coverage on Arcosa in a research report on Thursday, March 21st. They set a “buy” rating and a $29.74 price objective for the company. Stephens assumed coverage on Arcosa in a research report on Monday, March 18th. They set an “equal weight” rating for the company. Zacks Investment Research raised Arcosa from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, March 5th. Oppenheimer began coverage on Arcosa in a research report on Monday, March 4th. They issued an “outperform” rating and a $40.00 price target for the company. Finally, ValuEngine raised Arcosa from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.15.
ACA opened at $30.53 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.49 billion and a PE ratio of 16.77. Arcosa Inc has a 1 year low of $21.00 and a 1 year high of $35.15.
Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $374.40 million during the quarter, compared to analysts’ expectations of $358.55 million. The firm’s revenue was up 7.7% on a year-over-year basis. Sell-side analysts forecast that Arcosa Inc will post 1.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa’s dividend payout ratio is presently 10.99%.
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Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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