Louisiana State Employees Retirement System Takes Position in Arcosa, Inc. (NYSE:ACA)

Louisiana State Employees Retirement System bought a new stake in Arcosa, Inc. (NYSE:ACA) during the fourth quarter, HoldingsChannel.com reports. The fund bought 24,400 shares of the company’s stock, valued at approximately $2,016,000.

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

Arcosa Price Performance

Shares of ACA stock opened at $76.87 on Thursday. The firm has a market cap of $3.73 billion, a P/E ratio of 23.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.12 and a quick ratio of 1.18. Arcosa, Inc. has a 1-year low of $57.74 and a 1-year high of $89.07. The firm has a fifty day moving average of $82.79 and a two-hundred day moving average of $77.92.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.35. The company had revenue of $582.20 million during the quarter, compared to analyst estimates of $554.54 million. Arcosa had a net margin of 6.90% and a return on equity of 6.90%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. As a group, research analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal 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 issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa’s dividend payout ratio is currently 6.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Oppenheimer lifted their price target on shares of Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.