Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Position in Arcosa, Inc. $ACA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Arcosa, Inc. (NYSE:ACA) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,533 shares of the company’s stock after purchasing an additional 860 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Arcosa were worth $1,087,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACA. Police & Firemen s Retirement System of New Jersey lifted its position in Arcosa by 6.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,955 shares of the company’s stock valued at $950,000 after buying an additional 618 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Arcosa by 793.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 36,680 shares of the company’s stock worth $3,181,000 after acquiring an additional 32,576 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Arcosa by 29.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,260 shares of the company’s stock valued at $456,000 after acquiring an additional 1,191 shares during the period. Freemont Management S.A. lifted its holdings in shares of Arcosa by 30.4% during the 2nd quarter. Freemont Management S.A. now owns 17,600 shares of the company’s stock valued at $1,526,000 after acquiring an additional 4,100 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Arcosa during the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ACA shares. Barclays increased their price target on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Wall Street Zen raised Arcosa from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a report on Wednesday. DA Davidson boosted their price target on Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.00.

Arcosa Stock Up 3.2%

Shares of NYSE ACA opened at $102.61 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The stock’s 50-day simple moving average is $95.36 and its 200-day simple moving average is $92.20. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.50 and a beta of 1.01.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The firm had revenue of $515.10 million during the quarter. As a group, equities analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 6.62%.

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.