Principal Financial Group Inc. Sells 5,194 Shares of Arcosa, Inc. $ACA

Principal Financial Group Inc. lessened its position in Arcosa, Inc. (NYSE:ACA) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 236,874 shares of the company’s stock after selling 5,194 shares during the period. Principal Financial Group Inc. owned about 0.48% of Arcosa worth $22,197,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in shares of Arcosa by 4.5% in the third quarter. Thrivent Financial for Lutherans now owns 108,382 shares of the company’s stock valued at $10,157,000 after buying an additional 4,657 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Arcosa by 1.5% in the third quarter. Arizona State Retirement System now owns 14,445 shares of the company’s stock worth $1,354,000 after acquiring an additional 210 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of Arcosa in the third quarter worth about $84,000. GPS Wealth Strategies Group LLC lifted its position in shares of Arcosa by 15.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock worth $74,000 after purchasing an additional 107 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its stake in shares of Arcosa by 5.8% during the third quarter. Stonegate Investment Group LLC now owns 3,348 shares of the company’s stock valued at $314,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

ACA has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded Arcosa from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

Arcosa Stock Up 3.2%

Shares of NYSE ACA opened at $124.74 on Friday. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $125.20. 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 cap of $6.12 billion, a P/E ratio of 41.30, a P/E/G ratio of 1.67 and a beta of 1.00. The firm has a 50 day moving average price of $111.57 and a 200 day moving average price of $101.07.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 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 of this dividend was Thursday, January 15th. Arcosa’s dividend payout ratio (DPR) is currently 6.62%.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.