Arcosa, Inc. $ACA Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its stake in Arcosa, Inc. (NYSE:ACA) by 23.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 112,106 shares of the company’s stock after buying an additional 21,181 shares during the quarter. Fisher Asset Management LLC owned 0.23% of Arcosa worth $10,505,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ACA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Arcosa by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after purchasing an additional 860 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Arcosa by 29.0% during the 2nd quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock worth $53,523,000 after buying an additional 138,676 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Arcosa in the 2nd quarter valued at $421,000. Creative Planning grew its position in shares of Arcosa by 72.6% in the 2nd quarter. Creative Planning now owns 31,229 shares of the company’s stock valued at $2,708,000 after buying an additional 13,131 shares during the last quarter. Finally, Impax Asset Management Group plc raised its stake in Arcosa by 74.7% during the 3rd quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock worth $13,260,000 after acquiring an additional 60,500 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. DA Davidson raised their price target on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Arcosa Trading Up 2.1%

Shares of ACA stock opened at $112.63 on Thursday. The stock has a market cap of $5.52 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.46 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.20 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $131.00. The business has a fifty day simple moving average of $116.29 and a 200-day simple moving average of $105.08.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The business had revenue of $716.70 million during the quarter, compared to analysts’ expectations of $719.46 million. During the same period last year, the company posted $0.46 EPS. The company’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is currently 4.72%.

Arcosa 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.