Fmr LLC Has $3.42 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Fmr LLC lifted its position in Arcosa, Inc. (NYSE:ACA) by 95.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,097 shares of the company’s stock after buying an additional 17,648 shares during the period. Fmr LLC owned about 0.07% of Arcosa worth $3,421,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Arcosa by 168.9% during the 2nd quarter. SG Americas Securities LLC now owns 17,960 shares of the company’s stock worth $1,498,000 after purchasing an additional 11,280 shares in the last quarter. Blue Trust Inc. increased its holdings in Arcosa by 1,836.6% during the 2nd quarter. Blue Trust Inc. now owns 3,544 shares of the company’s stock worth $304,000 after purchasing an additional 3,361 shares in the last quarter. TCW Group Inc. increased its holdings in Arcosa by 72.9% during the 2nd quarter. TCW Group Inc. now owns 41,895 shares of the company’s stock worth $3,494,000 after purchasing an additional 17,658 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Arcosa by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the company’s stock worth $2,035,000 after purchasing an additional 300 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Arcosa by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after purchasing an additional 9,602 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

NYSE ACA opened at $109.14 on Friday. The firm’s fifty day moving average price is $101.37 and its two-hundred day moving average price is $91.89. The stock has a market cap of $5.32 billion, a PE ratio of 41.50 and a beta of 0.74. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, equities analysts expect that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. Arcosa’s dividend payout ratio is presently 7.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ACA shares. Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company. Oppenheimer increased their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th.

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.