Peregrine Capital Management LLC Acquires 33,581 Shares of Arcosa, Inc. $ACA

Peregrine Capital Management LLC boosted its holdings in Arcosa, Inc. (NYSE:ACA) by 49.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,159 shares of the company’s stock after acquiring an additional 33,581 shares during the period. Peregrine Capital Management LLC’s holdings in Arcosa were worth $9,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its stake in shares of Arcosa by 1.6% in the second quarter. Neuberger Berman Group LLC now owns 3,172,694 shares of the company’s stock valued at $275,153,000 after buying an additional 50,624 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Arcosa during the 2nd quarter valued at $93,040,000. The Manufacturers Life Insurance Company grew its holdings in shares of Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after purchasing an additional 154,172 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Arcosa by 0.4% in the second quarter. Franklin Resources Inc. now owns 760,868 shares of the company’s stock worth $65,975,000 after purchasing an additional 3,308 shares during the period. Finally, First Trust Advisors LP raised its stake in Arcosa by 29.0% in the second quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock valued at $53,523,000 after purchasing an additional 138,676 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

Shares of ACA opened at $108.57 on Friday. The firm has a market cap of $5.32 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.25. The business’s 50 day moving average price is $105.82 and its two-hundred day moving average price is $97.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02.

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

Arcosa Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACA shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Barclays increased 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. Finally, Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

About Arcosa

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.