Arcosa, Inc. $ACA Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 87.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,341 shares of the company’s stock after selling 37,693 shares during the quarter. Edgestream Partners L.P.’s holdings in Arcosa were worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Arcosa during the 2nd quarter worth about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Arcosa in the second quarter valued at approximately $51,000. Blue Trust Inc. raised its holdings in Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after purchasing an additional 143 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Arcosa by 56.7% during the 1st quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock worth $88,000 after buying an additional 413 shares during the last quarter. Finally, SouthState Corp purchased a new stake in shares of Arcosa during the 1st quarter worth approximately $163,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

Shares of NYSE:ACA opened at $107.51 on Monday. The company has a 50-day simple moving average of $97.75 and a 200-day simple moving average of $93.50. Arcosa, Inc. has a one year low of $68.11 and a one year high of $111.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.57 and a beta of 1.00.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $515.10 million for 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 declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s dividend payout ratio is 6.62%.

Analyst Ratings Changes

ACA has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a research report on Monday. DA Davidson raised their price objective on Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 1st. Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Barclays raised their price target on Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.