Hillsdale Investment Management Inc. Purchases New Shares in Arcosa, Inc. $ACA

Hillsdale Investment Management Inc. purchased a new stake in Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,970 shares of the company’s stock, valued at approximately $4,675,000.

Several other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its stake in Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after purchasing an additional 491,165 shares during the period. Royce & Associates LP boosted its stake in Arcosa by 0.4% in the 3rd quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock valued at $118,739,000 after purchasing an additional 4,652 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Arcosa by 25.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock valued at $66,208,000 after purchasing an additional 154,172 shares during the period. Bank of America Corp DE boosted its stake in Arcosa by 80.5% in the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock valued at $40,332,000 after purchasing an additional 207,457 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Arcosa by 8.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 426,705 shares of the company’s stock valued at $45,367,000 after purchasing an additional 31,500 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Arcosa Price Performance

Shares of ACA opened at $126.74 on Friday. Arcosa, Inc. has a 12-month low of $81.91 and a 12-month high of $135.58. The business has a 50-day simple moving average of $116.50 and a two-hundred day simple moving average of $113.39. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.22 billion, a PE ratio of 27.98, a PEG ratio of 1.86 and a beta of 1.08.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts anticipate that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business 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 $0.05 dividend. 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 is presently 4.42%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACA shares. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Oppenheimer initiated coverage on Arcosa in a research report on Thursday. They set an “outperform” rating and a $150.00 target price for the company. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus price target 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.