Dymon Asia Capital Singapore PTE. LTD. Makes New $2.54 Million Investment in Arcosa, Inc. $ACA

Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Arcosa, Inc. (NYSE:ACA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 23,852 shares of the company’s stock, valued at approximately $2,536,000.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Bessemer Group Inc. raised its holdings in Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after purchasing an additional 119 shares in the last quarter. Quarry LP raised its holdings in Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after purchasing an additional 248 shares in the last quarter. Allworth Financial LP raised its holdings in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Arcosa in the fourth quarter worth $62,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of NYSE:ACA opened at $129.79 on Friday. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $135.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The business has a fifty day moving average price of $120.61 and a 200-day moving average price of $115.14. The company has a market capitalization of $6.37 billion, a PE ratio of 28.65, a PEG ratio of 1.90 and a beta of 1.06.

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

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given 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 4.42%.

Analysts Set New Price Targets

ACA has been the subject of a number of research reports. Barclays increased their price objective on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Oppenheimer began coverage on Arcosa in a report on Thursday, May 28th. They set an “outperform” rating and a $150.00 price target for the company. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.33.

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.