Lazard Asset Management LLC Buys 4,454 Shares of Arcosa, Inc. $ACA

Lazard Asset Management LLC boosted its position in shares of Arcosa, Inc. (NYSE:ACA) by 10.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,947 shares of the company’s stock after buying an additional 4,454 shares during the quarter. Lazard Asset Management LLC owned approximately 0.09% of Arcosa worth $4,877,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ACA. Dimensional Fund Advisors LP raised its position in shares of Arcosa by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock worth $246,976,000 after acquiring an additional 13,059 shares during the last quarter. Capital International Investors lifted its stake in shares of Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock valued at $238,607,000 after acquiring an additional 15,956 shares during the period. State Street Corp boosted its holdings in Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock valued at $207,148,000 after acquiring an additional 36,852 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after acquiring an additional 342,242 shares during the last quarter. Finally, Capital World Investors increased its position in Arcosa by 5.0% in the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock worth $178,618,000 after purchasing an additional 80,000 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACA has been the subject of several recent research reports. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Oppenheimer cut shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Barclays boosted their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $138.33.

Arcosa Stock Performance

Shares of ACA stock opened at $145.39 on Friday. The stock has a market cap of $7.14 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04. The stock has a 50-day moving average of $137.85 and a 200-day moving average of $123.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a one year low of $81.91 and a one year high of $146.92.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. Arcosa’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. As a group, sell-side analysts expect that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a $0.05 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is 4.42%.

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.