Arizona State Retirement System Sells 159 Shares of Arcosa, Inc. (NYSE:ACA)

Arizona State Retirement System trimmed its holdings in Arcosa, Inc. (NYSE:ACA) by 1.2% in the fourth quarter, HoldingsChannel reports. The fund owned 13,632 shares of the company’s stock after selling 159 shares during the period. Arizona State Retirement System’s holdings in Arcosa were worth $1,127,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Arcosa in the 4th quarter worth approximately $36,000. Point72 Asset Management L.P. bought a new stake in shares of Arcosa in the 2nd quarter worth approximately $45,000. Harvest Fund Management Co. Ltd raised its holdings in Arcosa by 533.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 925 shares of the company’s stock valued at $67,000 after buying an additional 779 shares during the last quarter. Quantbot Technologies LP bought a new stake in Arcosa during the 1st quarter valued at $59,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Arcosa during the 3rd quarter valued at $81,000. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Down 0.4 %

Shares of Arcosa stock opened at $80.28 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $82.91 and its two-hundred day simple moving average is $77.87. The company has a market cap of $3.90 billion, a P/E ratio of 24.63 and a beta of 0.66. Arcosa, Inc. has a 12-month low of $57.74 and a 12-month high of $89.07.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.35. The business had revenue of $582.20 million for the quarter, compared to the consensus estimate of $554.54 million. Arcosa had a net margin of 6.90% and a return on equity of 6.90%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Research analysts anticipate that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa’s payout ratio is currently 6.13%.

Analyst Upgrades and Downgrades

ACA has been the subject of a number of recent analyst reports. DA Davidson upped their price target on shares of Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Oppenheimer upped their price target on shares of Arcosa from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.