Nisa Investment Advisors LLC Increases Stake in Arcosa, Inc. (NYSE:ACA)

Nisa Investment Advisors LLC raised its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,092 shares of the company’s stock after acquiring an additional 463 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arcosa were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ACA. Harbor Capital Advisors Inc. boosted its stake in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after acquiring an additional 117,892 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Arcosa in the 3rd quarter worth approximately $8,327,000. HighTower Advisors LLC grew its holdings in Arcosa by 969.5% during the 3rd quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock valued at $6,812,000 after buying an additional 65,841 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Arcosa by 236.8% during the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock valued at $8,766,000 after buying an additional 65,041 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after buying an additional 62,804 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ACA shares. Barclays started coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company. Oppenheimer raised their price objective on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th.

Arcosa Price Performance

Arcosa stock opened at $98.12 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 stock has a market cap of $4.79 billion, a price-to-earnings ratio of 37.31 and a beta of 0.76. The firm has a 50-day moving average of $101.97 and a two-hundred day moving average of $95.24. 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 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. On average, research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given 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 payout ratio is 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.