Arcosa, Inc. $ACA Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 65.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,779 shares of the company’s stock after selling 139,992 shares during the period. Arcosa makes up approximately 0.5% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 25th largest position. Harbor Capital Advisors Inc.’s holdings in Arcosa were worth $7,008,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Farmers Trust Co. acquired a new stake in shares of Arcosa in the third quarter valued at $501,000. Corient Private Wealth LLC purchased a new stake in Arcosa during the 2nd quarter worth about $244,000. Thrivent Financial for Lutherans raised its position in Arcosa by 10.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 103,725 shares of the company’s stock valued at $8,994,000 after purchasing an additional 9,843 shares in the last quarter. Public Sector Pension Investment Board raised its position in Arcosa by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 166,442 shares of the company’s stock valued at $14,432,000 after purchasing an additional 11,717 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Arcosa by 127.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,956 shares of the company’s stock valued at $603,000 after buying an additional 3,895 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACA. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research note on Monday. Barclays increased their price objective on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Zacks Research cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Wall Street Zen upgraded shares of Arcosa from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Arcosa Stock Down 0.3%

ACA stock opened at $110.88 on Thursday. The stock has a market cap of $5.44 billion, a P/E ratio of 36.72, a PEG ratio of 1.63 and a beta of 1.00. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.25. The company’s 50 day moving average is $102.50 and its two-hundred day moving average is $95.59.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The business had revenue of $515.10 million during the quarter. Research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 6.62%.

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.