Comerica Bank Decreases Stock Position in Arcosa, Inc. (NYSE:ACA)

Comerica Bank trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,046 shares of the company’s stock after selling 197 shares during the period. Comerica Bank’s holdings in Arcosa were worth $1,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its holdings in Arcosa by 330.9% in the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after buying an additional 62,804 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 148 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Arcosa by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company’s stock valued at $19,035,000 after purchasing an additional 1,408 shares during the last quarter. Sheets Smith Wealth Management bought a new position in Arcosa during the fourth quarter valued at approximately $536,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Arcosa by 8.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,092 shares of the company’s stock worth $589,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 0.1 %

ACA opened at $86.93 on Friday. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The firm’s 50 day simple moving average is $79.43 and its two-hundred day simple moving average is $92.94. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.24 billion, a PE ratio of 33.05 and a beta of 1.00.

Arcosa (NYSE:ACA) last released its earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.20. The company had revenue of $632.00 million during the quarter, compared to analyst estimates of $613.95 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. As a group, equities analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. Arcosa’s payout ratio is presently 12.58%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price target on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th.

Arcosa 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.