Gamco Investors INC. ET AL Sells 5,450 Shares of Arcosa, Inc. $ACA

Gamco Investors INC. ET AL lessened its stake in shares of Arcosa, Inc. (NYSE:ACA) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,271 shares of the company’s stock after selling 5,450 shares during the quarter. Gamco Investors INC. ET AL owned about 0.37% of Arcosa worth $19,028,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACA. Hilltop Holdings Inc. acquired a new position in Arcosa during the 1st quarter worth approximately $849,000. Sei Investments Co. grew its stake in Arcosa by 66.3% in the first quarter. Sei Investments Co. now owns 59,845 shares of the company’s stock valued at $6,352,000 after acquiring an additional 23,858 shares during the period. State of Wyoming bought a new stake in shares of Arcosa during the first quarter valued at approximately $30,000. First Trust Advisors LP increased its holdings in shares of Arcosa by 29.1% during the first quarter. First Trust Advisors LP now owns 530,455 shares of the company’s stock valued at $56,302,000 after acquiring an additional 119,687 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Arcosa by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock worth $559,000 after purchasing an additional 90 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of ACA stock opened at $145.00 on Friday. 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 firm has a 50-day moving average of $135.31 and a 200-day moving average of $122.37. Arcosa, Inc. has a one year low of $81.91 and a one year high of $146.92. The company has a market cap of $7.12 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.13 and a beta of 1.04.

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, topping analysts’ consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. Equities research analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued 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 0.1%. Arcosa’s dividend payout ratio is currently 4.42%.

Analysts Set New Price Targets

ACA has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup cut shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Finally, Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Arcosa currently has a consensus rating of “Hold” and an average price target of $138.33.

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.