Arcosa, Inc. (NYSE:ACA) is Royce & Associates LP’s 2nd Largest Position

Royce & Associates LP cut its holdings in Arcosa, Inc. (NYSE:ACA) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,367,774 shares of the company’s stock after selling 61,136 shares during the quarter. Arcosa makes up approximately 1.2% of Royce & Associates LP’s portfolio, making the stock its 2nd largest holding. Royce & Associates LP’s holdings in Arcosa were worth $129,610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in Arcosa by 6.1% in the first quarter. ProShare Advisors LLC now owns 11,875 shares of the company’s stock valued at $1,020,000 after buying an additional 680 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Arcosa in the first quarter worth $563,000. State Board of Administration of Florida Retirement System increased its stake in shares of Arcosa by 25.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,412 shares of the company’s stock worth $1,495,000 after acquiring an additional 3,560 shares during the last quarter. Covestor Ltd raised its holdings in shares of Arcosa by 38.8% during the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after purchasing an additional 248 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in Arcosa in the 1st quarter worth approximately $754,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target for the company. Finally, Oppenheimer upped their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th.

Insider Activity at Arcosa

In related news, Director Steven J. Demetriou purchased 6,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This trade represents a 152.17 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Arcosa Stock Performance

Shares of ACA stock opened at $103.67 on Friday. The stock has a market capitalization of $5.06 billion, a PE ratio of 39.42 and a beta of 0.71. Arcosa, Inc. has a one year low of $71.89 and a one year high of $107.79. The business’s 50 day simple moving average is $94.30 and its 200 day simple moving average is $88.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa’s payout ratio is 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.