Hillsdale Investment Management Inc. Sells 41,300 Shares of Arcosa, Inc. $ACA

Hillsdale Investment Management Inc. decreased its holdings in Arcosa, Inc. (NYSE:ACA) by 93.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,670 shares of the company’s stock after selling 41,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Arcosa were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Arcosa in the first quarter valued at about $32,000. Farther Finance Advisors LLC lifted its stake in Arcosa by 73.4% during the fourth 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. Allworth Financial LP boosted its holdings in Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after purchasing an additional 314 shares in the last quarter. Quarry LP boosted its holdings in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Arcosa in the 4th quarter valued at approximately $62,000. 90.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Citigroup lowered Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $138.33.

Arcosa Stock Performance

NYSE ACA opened at $144.93 on Friday. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.13 and a beta of 1.04. The company has a 50 day moving average of $133.62 and a 200-day moving average of $121.05. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $146.92.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million during 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%. Arcosa’s quarterly 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 earnings per share. On average, equities analysts forecast that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. 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.