Raymond James Financial Services Advisors Inc. Acquires New Holdings in Arcosa, Inc. (NYSE:ACA)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,356 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Arcosa by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company’s stock worth $396,705,000 after acquiring an additional 68,240 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Arcosa by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 597,497 shares of the company’s stock worth $42,960,000 after acquiring an additional 7,089 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Arcosa by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 583,895 shares of the company’s stock worth $41,982,000 after acquiring an additional 7,728 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in Arcosa by 0.9% during the third quarter. Punch & Associates Investment Management Inc. now owns 334,623 shares of the company’s stock worth $24,059,000 after acquiring an additional 2,875 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Arcosa by 8.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 291,172 shares of the company’s stock worth $20,935,000 after acquiring an additional 23,091 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACA. DA Davidson lifted their target price on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Oppenheimer lifted their price target on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arcosa has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Arcosa Trading Up 0.2 %

Shares of ACA opened at $76.06 on Tuesday. The business’s 50-day moving average price is $82.33 and its 200 day moving average price is $78.08. The stock has a market capitalization of $3.69 billion, a P/E ratio of 23.33 and a beta of 0.66. Arcosa, Inc. has a 1-year low of $57.74 and a 1-year high of $89.07. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $554.54 million. During the same period last year, the company posted $0.24 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Arcosa’s payout ratio is presently 6.13%.

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.