Tudor Investment Corp ET AL Lowers Position in Arcosa, Inc. $ACA

Tudor Investment Corp ET AL trimmed its position in shares of Arcosa, Inc. (NYSE:ACA) by 74.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,762 shares of the company’s stock after selling 60,770 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Arcosa were worth $1,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of Arcosa in the 2nd quarter valued at approximately $7,884,000. Impax Asset Management Group plc grew its stake in Arcosa by 74.7% in the third quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock worth $13,260,000 after purchasing an additional 60,500 shares during the period. First Trust Advisors LP raised its holdings in Arcosa by 29.0% in the second quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock worth $53,523,000 after purchasing an additional 138,676 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Arcosa by 69.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock worth $2,065,000 after purchasing an additional 9,023 shares in the last quarter. Finally, Strs Ohio lifted its position in Arcosa by 17.0% during the third quarter. Strs Ohio now owns 75,600 shares of the company’s stock valued at $7,084,000 after buying an additional 11,000 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

ACA has been the topic of a number of research reports. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. DA Davidson boosted their price objective on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.00.

Arcosa Price Performance

Shares of NYSE:ACA opened at $102.82 on Friday. The business has a fifty day moving average price of $115.05 and a 200-day moving average price of $106.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.20 and a quick ratio of 1.35. The company has a market capitalization of $5.04 billion, a PE ratio of 24.25, a PEG ratio of 1.35 and a beta of 1.01. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $131.00.

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

Arcosa Dividend Announcement

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

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.