Arcosa, Inc. (NYSE:ACA) Shares Sold by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lessened its stake in Arcosa, Inc. (NYSE:ACA) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,684 shares of the company’s stock after selling 498 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Arcosa were worth $1,227,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ACA. Harbor Capital Advisors Inc. grew its holdings in shares of Arcosa by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company’s stock worth $19,035,000 after purchasing an additional 1,408 shares during the period. GAMMA Investing LLC grew its stake in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after buying an additional 148 shares during the period. Franklin Resources Inc. increased its position in shares of Arcosa by 6.5% in the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after acquiring an additional 47,474 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Arcosa by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock valued at $107,047,000 after acquiring an additional 16,032 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Arcosa during the 3rd quarter valued at $219,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Arcosa stock opened at $96.26 on Wednesday. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 36.60 and a beta of 0.76. The firm’s fifty day moving average price is $103.05 and its 200 day moving average price is $94.00.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, research analysts forecast that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is currently 7.60%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ACA shares. Barclays began coverage on Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target for the company. Oppenheimer raised their target price on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.