Corient Private Wealth LP Invests $1.64 Million in Arcosa, Inc. $ACA

Corient Private Wealth LP acquired a new stake in Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,254 shares of the company’s stock, valued at approximately $1,635,000.

Other large investors have also made changes to their positions in the company. State of Wyoming purchased a new stake in Arcosa during the 1st quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new position in Arcosa in the 1st quarter valued at about $32,000. Farther Finance Advisors LLC lifted its holdings in Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Quarry LP boosted its stake in shares of Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after purchasing an additional 248 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

ACA has been the subject of a number of analyst reports. Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Citigroup lowered shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Stephens set a $150.00 target price on shares of Arcosa in a research note on Thursday, August 6th. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Finally, Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.25.

Arcosa Trading Up 0.0%

Shares of ACA stock opened at $145.50 on Friday. The firm’s 50-day simple moving average is $145.12 and its 200-day simple moving average is $128.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. Arcosa, Inc. has a 1-year low of $89.03 and a 1-year high of $146.92. The firm has a market cap of $7.15 billion, a P/E ratio of 14.58, a PEG ratio of 2.19 and a beta of 1.07.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $687.50 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Arcosa’s revenue for the quarter was down 10.6% compared to the same quarter last year. As a group, equities analysts forecast that Arcosa, Inc. will post 4.16 EPS for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. Arcosa’s payout ratio is currently 2.00%.

About Arcosa

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.