Arcosa, Inc. $ACA Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in Arcosa, Inc. (NYSE:ACA) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,234,455 shares of the company’s stock after selling 32,636 shares during the period. Arcosa comprises approximately 1.3% of Royce & Associates LP’s holdings, making the stock its biggest position. Royce & Associates LP’s holdings in Arcosa were worth $131,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Arcosa by 1.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,178 shares of the company’s stock valued at $551,000 after buying an additional 92 shares during the period. CWM LLC boosted its holdings in shares of Arcosa by 11.5% in the 4th quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after buying an additional 95 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Arcosa by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after buying an additional 100 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of Arcosa by 15.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock valued at $74,000 after buying an additional 107 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Arcosa by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock valued at $4,281,000 after buying an additional 107 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent research reports. DA Davidson lifted their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

Arcosa Trading Down 0.1%

Shares of NYSE:ACA opened at $120.58 on Tuesday. The company has a market cap of $5.92 billion, a PE ratio of 26.62, a P/E/G ratio of 1.79 and a beta of 1.08. The company’s 50-day moving average price is $114.79 and its 200 day moving average price is $112.72. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $135.58. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.38. The firm had revenue of $571.70 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.49 EPS. Sell-side analysts anticipate that Arcosa, Inc. will post 4.22 earnings per share for the current year.

Arcosa Announces Dividend

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