2,657 Shares in Arcosa, Inc. (NYSE:ACA) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Arcosa, Inc. (NYSE:ACA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,657 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new position in shares of Arcosa during the first quarter worth about $28,879,000. Norges Bank purchased a new position in Arcosa in the 4th quarter worth approximately $23,248,000. Capital World Investors increased its holdings in shares of Arcosa by 19.0% in the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock worth $107,714,000 after buying an additional 300,000 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Arcosa during the 1st quarter worth $18,054,000. Finally, Osaic Holdings Inc. grew its position in Arcosa by 5,761.4% in the second quarter. Osaic Holdings Inc. now owns 174,728 shares of the company’s stock worth $226,000 after acquiring an additional 171,747 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Arcosa Price Performance

Shares of NYSE:ACA opened at $75.88 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.68 billion, a PE ratio of 23.28 and a beta of 0.66. The company’s fifty day moving average is $82.50 and its 200 day moving average is $77.99. Arcosa, Inc. has a 52 week low of $57.74 and a 52 week high of $89.07.

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

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.05 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Arcosa’s dividend payout ratio (DPR) is currently 6.13%.

Arcosa Company 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.