FourThought Financial LLC Has $114,000 Holdings in Arcosa, Inc. (NYSE:ACA)

FourThought Financial LLC reduced its position in Arcosa, Inc. (NYSE:ACA – Get Rating) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,990 shares of the company’s stock after selling 166 shares during the period. FourThought Financial LLC’s holdings in Arcosa were worth $114,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACA. HighTower Advisors LLC increased its position in Arcosa by 8.1% in the 1st quarter. HighTower Advisors LLC now owns 6,582 shares of the company’s stock worth $380,000 after purchasing an additional 496 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Arcosa by 7.7% during the 1st quarter. Citigroup Inc. now owns 54,291 shares of the company’s stock worth $3,108,000 after acquiring an additional 3,866 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Arcosa by 56.1% during the 1st quarter. MetLife Investment Management LLC now owns 25,981 shares of the company’s stock worth $1,487,000 after acquiring an additional 9,338 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Arcosa by 1.1% during the 1st quarter. Rhumbline Advisers now owns 143,380 shares of the company’s stock worth $8,209,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Arcosa by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,665 shares of the company’s stock worth $2,385,000 after acquiring an additional 5,137 shares in the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

Shares of NYSE:ACA opened at $61.03 on Friday. The business has a 50 day moving average price of $58.59 and a 200 day moving average price of $58.51. Arcosa, Inc. has a twelve month low of $43.52 and a twelve month high of $65.80. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 12.11 and a beta of 0.55. The company has a quick ratio of 1.47, a current ratio of 2.33 and a debt-to-equity ratio of 0.25.

Arcosa (NYSE:ACA – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Arcosa had a return on equity of 5.22% and a net margin of 10.96%. The company had revenue of $500.30 million during the quarter, compared to the consensus estimate of $476.65 million. During the same quarter last year, the company earned $0.40 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts predict that Arcosa, Inc. will post 1.92 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%. Arcosa’s dividend payout ratio is currently 3.97%.

Analyst Ratings Changes

Separately, DA Davidson increased their target price on Arcosa from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 27th.

Arcosa Company Profile

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Arcosa, Inc engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment, and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects.