90,925 Shares in Arcosa, Inc. $ACA Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in Arcosa, Inc. (NYSE:ACA) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 90,925 shares of the company’s stock, valued at approximately $7,884,000. Fisher Asset Management LLC owned about 0.19% of Arcosa as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Arcosa in the second quarter valued at approximately $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Arcosa in the second quarter valued at $51,000. Blue Trust Inc. grew its position in Arcosa by 18.0% in the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after purchasing an additional 143 shares in the last quarter. AlphaQuest LLC increased its stake in Arcosa by 56.7% in the 1st quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after buying an additional 413 shares during the last quarter. Finally, SouthState Corp acquired a new stake in Arcosa in the 1st quarter valued at $163,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of NYSE ACA opened at $107.21 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $97.46 and its two-hundred day moving average price is $93.26. The company has a market cap of $5.26 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $111.19.

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

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s payout ratio is currently 6.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson increased their price objective on shares of Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Wall Street Zen lowered Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Barclays raised their price target on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Zacks Research lowered Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

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.