Thrivent Financial for Lutherans Raises Stock Position in Arcosa, Inc. $ACA

Thrivent Financial for Lutherans lifted its holdings in Arcosa, Inc. (NYSE:ACA) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,387 shares of the company’s stock after buying an additional 17,005 shares during the period. Thrivent Financial for Lutherans owned about 0.26% of Arcosa worth $13,331,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Arcosa by 20.6% in the first 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 in the last quarter. United Services Automobile Association purchased a new stake in Arcosa during the first quarter valued at approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Arcosa by 11.5% in 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 valued at $11,047,000 after purchasing an additional 14,723 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Arcosa by 193.8% in the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock valued at $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% in the 2nd 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 period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACA has been the topic of several analyst reports. DA Davidson boosted their target price on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Barclays lifted their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Arcosa from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.50.

Arcosa Trading Down 1.6%

ACA opened at $122.11 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The stock’s 50 day moving average price is $113.73 and its 200-day moving average price is $111.96. Arcosa, Inc. has a one year low of $81.91 and a one year high of $135.58. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.84 and a beta of 1.08.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.Arcosa’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. On average, equities analysts forecast that Arcosa, Inc. will post 4.22 EPS for the current year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s payout ratio is currently 4.42%.

Arcosa Company 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.