Strs Ohio Sells 900 Shares of Arcosa, Inc. (NYSE:ACA)

Strs Ohio cut its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the company’s stock after selling 900 shares during the period. Strs Ohio’s holdings in Arcosa were worth $1,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Arcosa by 8.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 291,172 shares of the company’s stock worth $20,935,000 after purchasing an additional 23,091 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Up 0.2 %

ACA opened at $76.06 on Tuesday. 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 $3.69 billion, a price-to-earnings ratio of 23.33 and a beta of 0.66. Arcosa, Inc. has a twelve month low of $57.74 and a twelve month high of $89.07. The company’s 50-day moving average price is $82.33 and its two-hundred day moving average price is $78.08.

Arcosa (NYSE:ACA) last released its earnings results on Friday, February 23rd. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.35. The firm had revenue of $582.20 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, equities analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About Arcosa

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.