Northwestern Mutual Wealth Management Co. Has $5.24 Million Stake in Arcosa, Inc. $ACA

Northwestern Mutual Wealth Management Co. grew its position in shares of Arcosa, Inc. (NYSE:ACA) by 17,500.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 53,858 shares of the company’s stock after acquiring an additional 53,552 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Arcosa were worth $5,235,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ACA. Capital International Investors lifted its holdings in Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after purchasing an additional 491,165 shares during the last quarter. Bank of America Corp DE lifted its holdings in Arcosa by 80.5% in the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after purchasing an additional 207,457 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Arcosa by 25.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after purchasing an additional 154,172 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Arcosa by 130.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 182,027 shares of the company’s stock worth $17,058,000 after purchasing an additional 102,953 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Arcosa by 193.8% in the 1st 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 last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Performance

Shares of NYSE ACA opened at $120.58 on Friday. 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 business’s 50 day moving average is $114.51 and its two-hundred day moving average is $112.50. The company has a market cap of $5.92 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.79 and a beta of 1.08. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $135.58.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.13 by $0.38. The company had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, equities analysts expect that Arcosa, Inc. will post 4.22 EPS for the current year.

Arcosa Announces Dividend

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

Wall Street Analysts Forecast Growth

ACA has been the subject of several analyst reports. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Wall Street Zen lowered Arcosa from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. DA Davidson boosted their target price on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Barclays boosted their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.