Dimensional Fund Advisors LP Sells 6,214 Shares of Arcosa, Inc. $ACA

Dimensional Fund Advisors LP trimmed its stake in shares of Arcosa, Inc. (NYSE:ACA) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316,687 shares of the company’s stock after selling 6,214 shares during the quarter. Dimensional Fund Advisors LP owned about 4.72% of Arcosa worth $245,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ACA. Capital International Investors lifted its position in Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after purchasing an additional 15,956 shares during the period. State Street Corp grew its position in shares of Arcosa by 1.9% in the 4th quarter. State Street Corp now owns 1,948,344 shares of the company’s stock valued at $207,148,000 after buying an additional 36,852 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Arcosa by 25.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after buying an additional 342,242 shares during the period. Capital World Investors grew its stake in Arcosa by 5.0% during the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock worth $178,618,000 after purchasing an additional 80,000 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Arcosa by 25.3% in the second quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after purchasing an additional 154,172 shares during the period. 90.66% of the stock is owned by institutional investors.

Arcosa Trading Down 0.1%

NYSE ACA opened at $145.04 on Friday. The firm has a market cap of $7.12 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $146.92. The stock has a 50-day moving average of $134.89 and a 200-day moving average of $122.21. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.Arcosa’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. As a group, sell-side analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of recent research reports. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Arcosa has a consensus rating of “Hold” and an average target price of $138.33.

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.