Jackson Creek Investment Advisors LLC Purchases New Holdings in Arcosa, Inc. $ACA

Jackson Creek Investment Advisors LLC purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) during the fourth quarter, Holdings Channel reports. The firm purchased 17,300 shares of the company’s stock, valued at approximately $1,839,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Arcosa by 20.6% in the 1st quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock valued at $642,000 after acquiring an additional 1,423 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Arcosa during the 1st quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Arcosa by 11.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock worth $11,047,000 after purchasing an additional 14,723 shares in the last quarter. Jane Street Group LLC increased its position in shares of Arcosa by 193.8% in the first quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after purchasing an additional 69,427 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Arcosa by 1.4% in the second quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock worth $1,100,000 after purchasing an additional 181 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

NYSE:ACA opened at $125.64 on Wednesday. The stock’s 50-day moving average is $115.18 and its 200-day moving average is $112.90. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $135.58. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.17 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. During the same quarter last year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Arcosa, Inc. will post 4.22 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACA shares. Wall Street Zen cut shares of Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Barclays upped their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research cut shares of Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. DA Davidson upped their target price on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.50.

Arcosa Company 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.