JPMorgan Chase & Co. Buys 6,713 Shares of Arcosa, Inc. $ACA

JPMorgan Chase & Co. boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 376,794 shares of the company’s stock after purchasing an additional 6,713 shares during the period. JPMorgan Chase & Co. owned 0.77% of Arcosa worth $35,309,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Corp bought a new stake in shares of Arcosa during the 3rd quarter worth approximately $32,000. Salomon & Ludwin LLC bought a new position in shares of Arcosa in the third quarter valued at $33,000. Bessemer Group Inc. increased its holdings in Arcosa by 47.8% during the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after buying an additional 119 shares during the last quarter. Quarry LP increased its holdings in Arcosa by 160.0% during the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Arcosa during the third quarter worth $66,000. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACA has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, DA Davidson upped their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.00.

Arcosa Stock Down 1.4%

ACA opened at $100.69 on Monday. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $131.00. The stock’s fifty day simple moving average is $115.85 and its 200 day simple moving average is $105.90. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a market cap of $4.94 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.15 EPS 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 firm had revenue of $716.70 million during the quarter, compared to analysts’ expectations of $719.46 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently announced 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, April 15th. Arcosa’s dividend payout ratio (DPR) is currently 4.72%.

About Arcosa

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.