Zacks Investment Management Purchases New Holdings in Arcosa, Inc. (NYSE:ACA)

Zacks Investment Management purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the 3rd quarter, Holdings Channel reports. The fund purchased 3,464 shares of the company’s stock, valued at approximately $328,000.

Several other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in Arcosa in the second quarter valued at approximately $25,000. Point72 DIFC Ltd bought a new stake in Arcosa in the third quarter valued at approximately $37,000. Innealta Capital LLC bought a new stake in Arcosa in the second quarter valued at approximately $69,000. KBC Group NV raised its stake in Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after buying an additional 242 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new stake in Arcosa in the third quarter valued at approximately $206,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arcosa

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of the stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. The trade was a 152.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays assumed coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock.

Arcosa Stock Performance

Shares of Arcosa stock opened at $107.06 on Wednesday. Arcosa, Inc. has a one year low of $72.75 and a one year high of $113.43. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 40.71 and a beta of 0.74. The business has a 50-day simple moving average of $100.39 and a 200 day simple moving average of $91.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

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

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.19%. Arcosa’s payout ratio is 7.60%.

Arcosa Company Profile

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.