5,619 Shares in Arcosa, Inc. (NYSE:ACA) Purchased by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,619 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds have also recently bought and sold shares of ACA. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Arcosa in the 4th quarter valued at $36,000. Harvest Fund Management Co. Ltd boosted its position in shares of Arcosa by 533.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 925 shares of the company’s stock valued at $67,000 after purchasing an additional 779 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Arcosa in the 3rd quarter valued at $81,000. Allspring Global Investments Holdings LLC boosted its position in shares of Arcosa by 49.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,001 shares of the company’s stock valued at $144,000 after purchasing an additional 659 shares during the period. Finally, Bridges Investment Management Inc. acquired a new position in shares of Arcosa in the 4th quarter valued at $207,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Trading Down 0.2 %

Shares of NYSE ACA opened at $76.70 on Friday. Arcosa, Inc. has a one year low of $57.74 and a one year high of $89.07. The firm has a market capitalization of $3.72 billion, a PE ratio of 23.53 and a beta of 0.66. 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 business has a 50-day moving average price of $82.20 and a two-hundred day moving average price of $78.12.

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. As a group, analysts predict that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. DA Davidson increased 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 stock an “outperform” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.00.

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.