Neuberger Berman Group LLC Sells 422,321 Shares of Arcosa, Inc. $ACA

Neuberger Berman Group LLC reduced its stake in Arcosa, Inc. (NYSE:ACA) by 13.3% during the third quarter, Holdings Channel.com reports. The firm owned 2,750,373 shares of the company’s stock after selling 422,321 shares during the period. Neuberger Berman Group LLC owned 0.06% of Arcosa worth $257,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACA. First Horizon Corp purchased a new stake in shares of Arcosa during the third quarter valued at approximately $32,000. Salomon & Ludwin LLC purchased a new position in shares of Arcosa in the third quarter worth $33,000. Bessemer Group Inc. increased its stake in shares of Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after buying an additional 119 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Arcosa by 77.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock valued at $64,000 after buying an additional 322 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in Arcosa by 15.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock valued at $74,000 after buying an additional 107 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

Arcosa stock opened at $109.28 on Friday. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $131.00. The stock’s 50 day simple moving average is $116.29 and its two-hundred day simple moving average is $105.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.20. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.46 and a beta of 1.01.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, February 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.20. The firm had revenue of $716.70 million during the quarter, compared to analyst estimates of $719.46 million. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. As a group, analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Arcosa’s dividend payout ratio is presently 4.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson raised their price target on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

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.