Arcosa, Inc. (NYSE:ACA) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in Arcosa, Inc. (NYSE:ACA) by 7.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,290 shares of the company’s stock after buying an additional 2,508 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Arcosa were worth $2,834,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its holdings in shares of Arcosa by 11.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,961 shares of the company’s stock worth $644,000 after purchasing an additional 905 shares during the period. Raymond James & Associates raised its holdings in shares of Arcosa by 0.5% in the 3rd quarter. Raymond James & Associates now owns 31,555 shares of the company’s stock worth $2,269,000 after purchasing an additional 157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Arcosa by 9.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,604 shares of the company’s stock worth $691,000 after purchasing an additional 851 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 during the period. Finally, Advisor Partners II LLC raised its holdings in shares of Arcosa by 105.2% in the 3rd quarter. Advisor Partners II LLC now owns 6,661 shares of the company’s stock worth $479,000 after purchasing an additional 3,415 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ACA shares. DA Davidson raised their price objective on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a 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 report 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.00.

Arcosa Stock Performance

Shares of NYSE:ACA opened at $78.22 on Tuesday. The company has a market cap of $3.80 billion, a P/E ratio of 23.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 2.12. Arcosa, Inc. has a one year low of $61.98 and a one year high of $89.07. The business’s 50-day simple moving average is $81.94 and its 200 day simple moving average is $78.24.

Arcosa (NYSE:ACA) last announced its earnings results on Friday, February 23rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.33 by $0.35. The business had revenue of $582.20 million for the quarter, compared to the consensus estimate of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. On average, sell-side analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, April 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. Arcosa’s payout ratio is currently 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.