First Trust Advisors LP Has $49.60 Million Stock Holdings in Arcosa, Inc. $ACA

First Trust Advisors LP lowered its stake in Arcosa, Inc. (NYSE:ACA) by 14.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 529,328 shares of the company’s stock after selling 87,937 shares during the period. First Trust Advisors LP’s holdings in Arcosa were worth $49,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACA. First Horizon Corp acquired a new position in shares of Arcosa during the third quarter worth $32,000. Salomon & Ludwin LLC acquired a new stake in shares of Arcosa during the 3rd quarter valued at $33,000. Bessemer Group Inc. grew its position in Arcosa by 47.8% during the 3rd 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 grew its position in Arcosa by 77.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock worth $64,000 after acquiring an additional 322 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in Arcosa by 15.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock worth $74,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

NYSE ACA opened at $110.42 on Thursday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.42 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 twelve month low of $68.11 and a twelve month high of $131.00. The stock has a fifty day simple moving average of $116.39 and a 200 day simple moving average of $105.55.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, February 26th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The firm had revenue of $716.70 million for the quarter, compared to the consensus estimate of $719.46 million. During the same period in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.