Arcosa, Inc. $ACA Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Arcosa, Inc. (NYSE:ACA) by 1.8% in the second quarter, Holdings Channel reports. The firm owned 151,234 shares of the company’s stock after buying an additional 2,709 shares during the period. Rhumbline Advisers’ holdings in Arcosa were worth $13,113,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in Arcosa by 19.3% in the first quarter. Cetera Investment Advisers now owns 6,130 shares of the company’s stock worth $473,000 after acquiring an additional 990 shares in the last quarter. TD Asset Management Inc raised its position in shares of Arcosa by 19.3% in the 1st quarter. TD Asset Management Inc now owns 44,874 shares of the company’s stock valued at $3,461,000 after purchasing an additional 7,254 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Arcosa in the 1st quarter worth approximately $878,000. Banque Cantonale Vaudoise acquired a new stake in Arcosa in the 1st quarter worth approximately $28,000. Finally, PNC Financial Services Group Inc. grew its position in Arcosa by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company’s stock worth $560,000 after purchasing an additional 189 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Arcosa Stock Performance

NYSE ACA opened at $106.54 on Friday. The firm has a market capitalization of $5.22 billion, a P/E ratio of 35.28, a PEG ratio of 1.56 and a beta of 1.01. The stock has a 50-day simple moving average of $96.48 and a two-hundred day simple moving average of $92.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $111.19.

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

Arcosa Dividend Announcement

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

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.