Thrivent Financial for Lutherans Buys 17,005 Shares of Arcosa, Inc. $ACA

Thrivent Financial for Lutherans raised its position in shares of Arcosa, Inc. (NYSE:ACA) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,387 shares of the company’s stock after buying an additional 17,005 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Arcosa were worth $13,331,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Bessemer Group Inc. grew its stake in Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after buying an additional 119 shares during the last quarter. Allworth Financial LP increased its position in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares in the last quarter. Quarry LP increased its position in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after buying an additional 248 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Arcosa in the third quarter valued at about $66,000. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Down 1.6%

Shares of ACA stock opened at $122.11 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $135.58. The stock has a 50 day moving average of $113.73 and a 200 day moving average of $111.96. The stock has a market cap of $6.00 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.84 and a beta of 1.08.

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

Arcosa Announces Dividend

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

Analyst Upgrades and Downgrades

ACA has been the subject of several research analyst reports. Zacks Research lowered shares of Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. DA Davidson upped their price target on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Arcosa from a “hold” rating to a “sell” rating in a report on Saturday. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Finally, Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

Arcosa 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.