Dynamic Technology Lab Private Ltd Decreases Position in Arcosa, Inc. $ACA

Dynamic Technology Lab Private Ltd cut its stake in shares of Arcosa, Inc. (NYSE:ACA) by 80.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,685 shares of the company’s stock after selling 11,195 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Arcosa were worth $252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Corp purchased a new position in Arcosa in the 3rd quarter valued at about $32,000. Salomon & Ludwin LLC purchased a new stake in shares of Arcosa during the third quarter worth about $33,000. Bessemer Group Inc. increased its position in shares of Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after acquiring an additional 119 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Arcosa by 77.2% in the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock worth $64,000 after acquiring an additional 322 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Arcosa by 15.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock worth $74,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACA. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. DA Davidson increased their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Arcosa Stock Down 3.0%

ACA stock opened at $106.97 on Friday. The stock has a market cap of $5.25 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. The firm’s 50-day simple moving average is $116.40 and its 200 day simple moving average is $105.56. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $131.00. 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 (NYSE:ACA) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $716.70 million during the quarter, compared to analyst estimates of $719.46 million. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. As a group, sell-side 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 will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.05 per share. 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.