Arcosa, Inc. $ACA Holdings Cut by UBS Group AG

UBS Group AG reduced its stake in Arcosa, Inc. (NYSE:ACA) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,248 shares of the company’s stock after selling 4,408 shares during the period. UBS Group AG’s holdings in Arcosa were worth $5,768,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the period. Bessemer Group Inc. boosted its position 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 purchasing an additional 119 shares during the period. Quarry LP grew its stake in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares during the last quarter. Danske Bank A S bought a new position in Arcosa during the 3rd quarter worth $66,000. Finally, First Horizon Corp increased its position in Arcosa by 112.1% in the fourth quarter. First Horizon Corp now owns 719 shares of the company’s stock worth $76,000 after buying an additional 380 shares during the period. 90.66% of the stock is owned by institutional investors.

Arcosa Trading Up 2.5%

Shares of ACA stock opened at $120.13 on Thursday. Arcosa, Inc. has a 1 year low of $81.91 and a 1 year high of $135.58. The firm has a market capitalization of $5.90 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The stock has a fifty day moving average of $114.10 and a two-hundred day moving average of $112.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The company had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. During the same period last year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts expect that Arcosa, Inc. will post 4.22 EPS for the current year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACA. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. DA Davidson increased their price objective on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of Arcosa from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Barclays upped their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.50.

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.