Arcosa, Inc. $ACA Stock Position Increased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its position in Arcosa, Inc. (NYSE:ACA) by 1,350.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,209 shares of the company’s stock after purchasing an additional 32,781 shares during the quarter. New Age Alpha Advisors LLC owned about 0.07% of Arcosa worth $3,743,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ACA. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 130 shares during the last quarter. Bessemer Group Inc. increased its stake in Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the period. Quarry LP increased its stake in Arcosa by 160.0% during 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 increased its stake in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Arcosa during the 4th quarter valued at about $62,000. 90.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on ACA. Barclays raised their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Texas Capital raised shares of Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. DA Davidson raised their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Zacks Research cut shares of Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.50.

Arcosa Stock Performance

Shares of ACA opened at $120.58 on Tuesday. The firm’s 50 day moving average is $114.79 and its 200-day moving average is $112.72. The stock has a market capitalization of $5.92 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a 12-month low of $81.91 and a 12-month high of $135.58.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Equities research analysts anticipate that Arcosa, Inc. will post 4.22 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s payout ratio is currently 4.42%.

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.