First Trust Advisors LP Purchases 138,676 Shares of Arcosa, Inc. $ACA

First Trust Advisors LP increased its holdings in Arcosa, Inc. (NYSE:ACA) by 29.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 617,265 shares of the company’s stock after acquiring an additional 138,676 shares during the quarter. First Trust Advisors LP owned approximately 1.26% of Arcosa worth $53,523,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ACA. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Arcosa in the 2nd quarter valued at about $93,040,000. Norges Bank purchased a new position in Arcosa during the second quarter valued at approximately $49,475,000. Nuveen LLC bought a new position in Arcosa in the first quarter worth approximately $33,982,000. T. Rowe Price Investment Management Inc. grew its position in shares of Arcosa by 17.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company’s stock worth $153,719,000 after buying an additional 290,523 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Arcosa by 3.5% during the 1st quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company’s stock worth $240,884,000 after acquiring an additional 105,473 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of ACA opened at $107.51 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30. The company’s fifty day moving average price is $97.75 and its 200-day moving average price is $93.50. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $111.19. The firm has a market capitalization of $5.27 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.00.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 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, equities research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued 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 payout ratio is 6.62%.

Wall Street Analyst Weigh In

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