Fisher Asset Management LLC Has $11.42 Million Position in Arcosa, Inc. $ACA

Fisher Asset Management LLC reduced its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 107,453 shares of the company’s stock after selling 4,653 shares during the quarter. Fisher Asset Management LLC’s holdings in Arcosa were worth $11,424,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ACA. Capital International Investors grew its holdings in Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after acquiring an additional 491,165 shares during the period. Bank of America Corp DE grew its holdings in Arcosa by 80.5% during the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after acquiring an additional 207,457 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after acquiring an additional 154,172 shares during the period. Qube Research & Technologies Ltd grew its holdings in Arcosa by 130.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 182,027 shares of the company’s stock worth $17,058,000 after acquiring an additional 102,953 shares during the period. Finally, Jane Street Group LLC grew its holdings in Arcosa by 193.8% during the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after acquiring an additional 69,427 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays raised their target price on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. DA Davidson raised their target price on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Texas Capital upgraded Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arcosa presently has an average rating of “Moderate Buy” and an average target price of $132.50.

Arcosa Stock Performance

Shares of ACA opened at $127.02 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The stock has a 50-day moving average of $115.60 and a 200-day moving average of $113.10. The company has a market cap of $6.24 billion, a PE ratio of 28.04, a P/E/G ratio of 1.86 and a beta of 1.08. Arcosa, Inc. has a one year low of $81.91 and a one year high of $135.58.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. On average, equities research analysts predict that Arcosa, Inc. will post 4.22 EPS for the current fiscal year.

Arcosa Dividend Announcement

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

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.