Peregrine Capital Management LLC Reduces Holdings in Arcosa, Inc. $ACA

Peregrine Capital Management LLC decreased its position in shares of Arcosa, Inc. (NYSE:ACA) by 4.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 110,240 shares of the company’s stock after selling 4,798 shares during the quarter. Peregrine Capital Management LLC’s holdings in Arcosa were worth $11,701,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in Arcosa in the 1st quarter valued at about $32,000. Farther Finance Advisors LLC boosted its position in Arcosa by 73.4% during 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 during the period. Allworth Financial LP boosted its position in Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the period. Quarry LP increased its stake in shares of 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. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Arcosa in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 0.3%

Shares of ACA opened at $145.05 on Wednesday. The business’s 50-day moving average price is $127.66 and its 200-day moving average price is $117.98. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $146.92. The stock has a market cap of $7.12 billion, a PE ratio of 32.02, a P/E/G ratio of 2.13 and a beta of 1.06. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last announced its quarterly 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 net margin of 7.88% and a return on equity of 8.52%. The firm had revenue of $571.70 million for the quarter, compared to the consensus estimate of $642.40 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ACA. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Citigroup cut shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Texas Capital downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.