Intech Investment Management LLC Purchases 7,671 Shares of Arcosa, Inc. $ACA

Intech Investment Management LLC boosted its position in Arcosa, Inc. (NYSE:ACA) by 18.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 49,599 shares of the company’s stock after buying an additional 7,671 shares during the quarter. Intech Investment Management LLC’s holdings in Arcosa were worth $5,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in shares of Arcosa by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,178 shares of the company’s stock worth $551,000 after buying an additional 92 shares during the period. CWM LLC grew its position in shares of Arcosa by 11.5% during the 4th quarter. CWM LLC now owns 923 shares of the company’s stock worth $98,000 after buying an additional 95 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Arcosa by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock worth $1,190,000 after buying an additional 100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Arcosa by 0.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock worth $4,281,000 after buying an additional 107 shares during the period. Finally, M&T Bank Corp grew its position in shares of Arcosa by 5.0% during the 4th quarter. M&T Bank Corp now owns 2,499 shares of the company’s stock worth $266,000 after buying an additional 118 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 0.0%

NYSE:ACA opened at $126.74 on Monday. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $135.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The stock has a market capitalization of $6.22 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. The business’s 50-day simple moving average is $116.50 and its 200-day simple moving average is $113.48.

Arcosa (NYSE:ACA) last released 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. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business had revenue of $571.70 million for the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter in the previous year, the business posted $0.49 EPS. Arcosa’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s payout ratio is 4.42%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Barclays boosted their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.