Independent Financial Group LLC Takes Position in Arcosa, Inc. $ACA

Independent Financial Group LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,663 shares of the company’s stock, valued at approximately $389,000.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in Arcosa by 20.6% in the 1st quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock worth $642,000 after acquiring an additional 1,423 shares during the period. United Services Automobile Association purchased a new position in shares of Arcosa during the 1st quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Arcosa by 11.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock worth $11,047,000 after purchasing an additional 14,723 shares during the period. Jane Street Group LLC boosted its holdings in shares of Arcosa by 193.8% during the first quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after purchasing an additional 69,427 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Arcosa by 1.4% during the second quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock worth $1,100,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Down 0.1%

ACA stock opened at $145.00 on Friday. The firm has a fifty day moving average price of $135.31 and a two-hundred day moving average price of $122.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $146.92. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. Research analysts predict that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is presently 4.42%.

Wall Street Analyst Weigh In

ACA has been the subject of several analyst reports. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Citigroup cut shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Arcosa presently has an average rating of “Hold” and a consensus price target of $138.33.

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.