Vanguard Group Inc. Cuts Position in Arcosa, Inc. $ACA

Vanguard Group Inc. trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,398,937 shares of the company’s stock after selling 77,145 shares during the period. Vanguard Group Inc. owned about 11.01% of Arcosa worth $505,934,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACA. GPS Wealth Strategies Group LLC raised its stake in shares of Arcosa by 15.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock valued at $74,000 after acquiring an additional 107 shares during the period. Bessemer Group Inc. increased its holdings in Arcosa by 47.8% in the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Arcosa by 0.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 22,357 shares of the company’s stock valued at $2,095,000 after purchasing an additional 139 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Arcosa by 8.0% during the third quarter. Jones Financial Companies Lllp now owns 2,108 shares of the company’s stock worth $195,000 after purchasing an additional 156 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Arcosa by 23.8% during the third quarter. CWM LLC now owns 828 shares of the company’s stock worth $78,000 after purchasing an additional 159 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Shares of ACA opened at $126.73 on Thursday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 1.69 and a beta of 1.00. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $116.08 and its two-hundred day moving average is $104.55. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $131.00.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given 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 presently 6.62%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Barclays increased their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.