5,536 Shares in Arcosa, Inc. (NYSE:ACA) Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management purchased a new position in Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,536 shares of the company’s stock, valued at approximately $536,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after purchasing an additional 148 shares during the period. Point72 DIFC Ltd acquired a new position in Arcosa in the 3rd quarter worth $37,000. KBC Group NV boosted its position in Arcosa by 20.5% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after buying an additional 242 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new stake in shares of Arcosa during the third quarter worth about $206,000. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Arcosa in the third quarter worth about $215,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACA. Oppenheimer upped their target price on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Barclays assumed coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target on the stock.

Arcosa Trading Down 0.7 %

Shares of NYSE ACA opened at $100.05 on Thursday. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $102.32 and its two-hundred day moving average price is $94.71. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The stock has a market capitalization of $4.88 billion, a P/E ratio of 38.04 and a beta of 0.76.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. On average, analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.