Neuberger Berman Group LLC Purchases 50,624 Shares of Arcosa, Inc. $ACA

Neuberger Berman Group LLC grew its holdings in Arcosa, Inc. (NYSE:ACA) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,172,694 shares of the company’s stock after buying an additional 50,624 shares during the quarter. Neuberger Berman Group LLC owned 0.06% of Arcosa worth $275,153,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Arcosa by 18.0% in the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after acquiring an additional 143 shares during the period. Choreo LLC boosted its holdings in Arcosa by 1.8% during the second quarter. Choreo LLC now owns 9,800 shares of the company’s stock valued at $850,000 after purchasing an additional 175 shares in the last quarter. American Century Companies Inc. boosted its holdings in Arcosa by 1.4% during the second quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after purchasing an additional 181 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Arcosa by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company’s stock valued at $560,000 after purchasing an additional 189 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of Arcosa by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 18,405 shares of the company’s stock worth $1,596,000 after buying an additional 196 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Performance

Shares of NYSE:ACA opened at $106.89 on Friday. The stock has a market capitalization of $5.24 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.56 and a beta of 1.01. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $111.19. The business has a 50-day moving average price of $96.26 and a two-hundred day moving average price of $92.66.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The business had revenue of $515.10 million during the quarter. Equities analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s payout ratio is 6.62%.

Analysts Set New Price Targets

A number of analysts have weighed in on ACA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research report on Tuesday. Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Zacks Research cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Barclays boosted their target price on Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, DA Davidson raised their price target on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Arcosa has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.