Stifel Financial Corp Reduces Position in Arcosa, Inc. (NYSE:ACA)

Stifel Financial Corp lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,786 shares of the company’s stock after selling 1,013 shares during the period. Stifel Financial Corp’s holdings in Arcosa were worth $1,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock worth $548,143,000 after buying an additional 14,207 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock worth $291,831,000 after acquiring an additional 536,349 shares in the last quarter. Capital International Investors increased its position in shares of Arcosa by 42.5% in the 4th quarter. Capital International Investors now owns 888,559 shares of the company’s stock worth $85,959,000 after purchasing an additional 265,056 shares during the last quarter. Norges Bank bought a new position in shares of Arcosa during the fourth quarter worth about $73,178,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after purchasing an additional 14,708 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Up 5.9 %

Shares of NYSE:ACA opened at $86.93 on Friday. The company’s fifty day moving average is $79.28 and its two-hundred day moving average is $92.97. 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, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 33.05 and a beta of 1.00.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.20. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm had revenue of $632.00 million for the quarter, compared to analyst estimates of $613.95 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. Arcosa’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. Arcosa’s payout ratio is currently 12.58%.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their price objective on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th.

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.