GAMMA Investing LLC Purchases 148 Shares of Arcosa, Inc. (NYSE:ACA)

GAMMA Investing LLC grew its holdings in Arcosa, Inc. (NYSE:ACA) by 80.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 331 shares of the company’s stock after acquiring an additional 148 shares during the period. GAMMA Investing LLC’s holdings in Arcosa were worth $32,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its stake in Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock valued at $74,214,000 after purchasing an additional 47,474 shares during the period. Geode Capital Management LLC raised its position in shares of Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock valued at $107,047,000 after buying an additional 16,032 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Arcosa in the third quarter worth $219,000. Barclays PLC boosted its position in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after acquiring an additional 62,804 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in Arcosa during the third quarter valued at $328,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACA. Barclays assumed coverage on Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective on the stock. Oppenheimer upped their target price on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday.

Arcosa Trading Up 3.5 %

Shares of NYSE:ACA opened at $96.26 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The firm has a market capitalization of $4.70 billion, a P/E ratio of 36.60 and a beta of 0.76. The business’s 50-day moving average is $103.05 and its 200 day moving average is $94.00. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43.

Arcosa (NYSE:ACA) last issued its 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. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Arcosa’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts predict that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

About Arcosa

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.