SG Americas Securities LLC Sells 3,987 Shares of Arcosa, Inc. $ACA

SG Americas Securities LLC lowered its stake in shares of Arcosa, Inc. (NYSE:ACA) by 25.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,628 shares of the company’s stock after selling 3,987 shares during the period. SG Americas Securities LLC’s holdings in Arcosa were worth $1,234,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in 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 buying an additional 13,059 shares in the last quarter. Capital International Investors raised its holdings in Arcosa by 0.7% in the 4th 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 in the last quarter. State Street Corp raised its holdings in Arcosa by 1.9% in the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Arcosa by 25.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after acquiring an additional 342,242 shares during the period. Finally, Capital World Investors lifted its position in shares of Arcosa by 5.0% in the 4th quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock worth $178,618,000 after acquiring an additional 80,000 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ACA. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citigroup downgraded shares of Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Barclays boosted their price target on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Arcosa has an average rating of “Hold” and a consensus target price of $138.33.

Arcosa Stock Down 0.1%

Shares of NYSE ACA opened at $144.82 on Friday. The stock has a market cap of $7.11 billion, a PE ratio of 31.97, a PEG ratio of 2.13 and a beta of 1.04. The business has a fifty day moving average of $129.43 and a two-hundred day moving average of $118.63. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $146.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

Arcosa (NYSE:ACA) last posted its earnings results 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%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, equities research analysts expect that Arcosa, Inc. will post 4.25 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, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

About Arcosa

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.