Vaughan Nelson Investment Management L.P. Takes $37.04 Million Position in Arcosa, Inc. $ACA

Vaughan Nelson Investment Management L.P. acquired a new stake in Arcosa, Inc. (NYSE:ACA) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 395,205 shares of the company’s stock, valued at approximately $37,035,000.

Other large investors have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in Arcosa in the third quarter valued at approximately $33,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Arcosa during the second quarter worth $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Arcosa in the 2nd quarter worth $51,000. EverSource Wealth Advisors LLC boosted its stake in Arcosa by 77.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock worth $64,000 after purchasing an additional 322 shares during the period. Finally, CWM LLC increased its holdings in Arcosa by 23.8% during the 3rd quarter. CWM LLC now owns 828 shares of the company’s stock worth $78,000 after purchasing an additional 159 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Price Performance

NYSE:ACA opened at $108.35 on Wednesday. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.25. The company has a market cap of $5.31 billion, a P/E ratio of 35.88, a P/E/G ratio of 1.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. The stock’s 50-day simple moving average is $105.20 and its 200 day simple moving average is $96.98.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. The firm had revenue of $515.10 million during the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%. As a group, sell-side analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. Arcosa’s payout ratio is 6.62%.

Analyst Ratings Changes

A number of brokerages have recently commented on ACA. Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Barclays lifted their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Wall Street Zen raised Arcosa from a “hold” rating to a “buy” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.00.

Arcosa Company 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.