Stifel Financial Corp Sells 228 Shares of Arcosa, Inc. (NYSE:ACA)

Stifel Financial Corp reduced its stake in Arcosa, Inc. (NYSE:ACA) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,799 shares of the company’s stock after selling 228 shares during the period. Stifel Financial Corp’s holdings in Arcosa were worth $1,216,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACA. Stonegate Investment Group LLC grew its stake in Arcosa by 3.6% in the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock valued at $293,000 after buying an additional 108 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Arcosa by 4.4% during the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock worth $256,000 after acquiring an additional 130 shares during the period. Sei Investments Co. grew its position in shares of Arcosa by 1.1% in the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after purchasing an additional 146 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Arcosa by 1.5% during the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after purchasing an additional 195 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in Arcosa by 5.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock worth $371,000 after purchasing an additional 233 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Performance

NYSE ACA opened at $99.35 on Monday. The firm has a 50-day moving average price of $102.28 and a two-hundred day moving average price of $92.53. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The company has a market capitalization of $4.85 billion, a P/E ratio of 37.78 and a beta of 0.74. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The company had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Analysts anticipate that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. 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 currently 7.60%.

Analysts Set New Price Targets

Separately, Barclays initiated coverage on Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target for the company.

Arcosa Company 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.